If you plan on selling your home, you know placing the best value on the house is vital. Therefore, it makes sense to be aware of what factors vendors consider when valuing homes. Knowing the critical issues allows you to minimise problems while enhancing the positive features at your home.
At Bond Oxborough Phillips, we are pleased to say we have helped many homeowners improve their home and create value when selling your home. If you would like guidance on this matter, please get in touch, but this guide will outline some of the leading factors agents consider.
Modern kitchens impact on property values
No matter the style of your home, modern appliances or devices in your kitchen make a big difference. If you want to positively impact on your property value, improve the appearance and layout of your kitchen.
A few years ago, vendors have been advised to completely overhaul their kitchen before placing the home on to the market. Nowadays, there is no need to transform the kitchen, and a few changes are more than enough to create a kitchen that buyers and agents love.
Space is always important
Space is critical, and the more space you can offer, the more appealing your home will be to agents and vendors. At the very least, you should look to declutter your home, but if you have the time and finances to expand your home, it is worth considering.
Is there room for modification?
Of course, sometimes it is best to leave the potential for modification, as opposed to undertaking improvements yourself. Agents take potential into consideration, and this can help increase the value of your home.
The number of bathrooms in the house
A factor that influences the value of a property is the number of bathrooms available in the property. If you have an en-suite property, or you can add one to a bathroom area, you will find that this positively impacts your home value.
External factors also influence property value
While there are many factors in and around your home that influence property value, don’t forget many external factors shape what an agent thinks of your property. It is well known school catchment areas, transport hubs and local amenities impact on the suitability of a property.
You may not think you have an opportunity to influence these factors, but it is worth bearing in mind. If you think there are interesting local features and facilities, point these out to the agent, as it may add value to your home.
Selling your home can be a challenging process, and it is understandable you want to obtain the highest value for your home you can. Knowing the factors which influence the value of your home provides you with the ideal starting point. The higher the value, the better the chance of receiving the funds you need to take your next step.
If you are looking to sell your home, contact Bond Oxborough Phillips, and we’ll be happy to assist you. If you would like to obtain a valuation for your home, contact us today.