Are you thinking of selling up your property? Naturally, you will want to get the most money for your property when it goes for sale. To reach your financial goals and unlock the value of the building, you need to make sure you present a property that is in a good state of repair, that you can sell on, and that will be enticing to prospective buyers.
But before you put your property on the market or float the idea and get valuations from estate agents, it’s important you address any issues that could impact your ability to get the best price for the property. Let’s take a look at some things you can do presale to get a more realistic idea of what your home is worth and what work, if any, needs doing.
Get A Damp Survey
Even if you’ve not noticed any signs of dampness in your home, it’s a wise investment to conduct a damp survey prior to selling. This allows you to uncover any issues that are pressing beneath the surface or could cause an issue when exchanging contracts.
Addressing these issues early on can save on future repair costs and ensure a smoother selling process. This way, you can remedy any damp issues prior to selling, or you can give the buyers a more comprehensive overview if it’s something you want to deal with or don’t need to worry about.
Structural Survey
A structural survey can be a reassuring step for your valuation as it will uncover the stability of the property and allow you to offer peace of mind to buyers that the house is in good condition. This is particularly important if you have recently carried out renovation works or the home is older. It removes the worry that something significant could be wrong and assures buyers of the property’s structural integrity. If it comes back as there are structural issues, you can choose to fix these or not, but not doing so will impact what you can get when you do sell. At least you’ll be aware of this and can account for a reduction in the sale price.
Planning Permission
Obtaining planning permission can be a proactive step in the selling process, and a full application can come in around the £600 mark on average. This is before you factor in other costs, such as drawing up plans. However, it can be a good idea to make enquiries as soon as planning permission is obtained and if it is needed as something extra to entice buyers.
You can check renovations of other homes when your street has been completed, including loft conversion, extensions or renovations, double-storey extensions, or basement renovations. This will give you a better idea of the scope of the work likely to be carried out and what permissions you might need to do so. You can make enquiries with The Planning Portal or contact your local planning authority to ascertain what permission will be needed and what will be restricted when making an application. The more you know about what is and isn’t possible, the more information you can provide to potential buyers who might want to know this. Because the more scope for work to be carried out, the more attractive the property might be to others.
