Estate Agents Know What Buyers Are Looking For
At Harpers, we are here to provide you with local insight which helps you achieve success in the housing market. We also stay in touch with the latest news and information in the market, helping you make an informed decision.
Admiral Home Insurance has been canvassing opinions from agents across the country. One English agent spoke about the increasing importance of gardens and a rural setting. The agent said; “More buyers are looking for bigger gardens and country views, especially since lockdown. It seems like everyone is looking to move to get more space, and with the stamp duty changes it’s encouraged a lot of people to think about where they move to.”
All homeowners should look to maximise the greenery of their property, or make sure prospective buyers are aware of these features in the local area. This is something we can assist with, but if you have an area close by that you love, be sure to share it with us and interested buyers.
Arrange a property valuation
If you are looking to sell your home, you will find we can provide you with a property valuation. This assessment is the ideal starting point in selling your home.
Another agent also spoke about the importance of outdoor space, telling Admiral; “With people being stuck indoors during lockdown, it’s made them think about the space that they have or don’t have, and increased the importance of garden space, so people are looking to update and increase their outdoor areas and access to the fresh air. In addition, an office space and study are now seen as essential where people are working from home. This feature is definitely high up on buyers’ agendas at the moment.”
Remote working will continue to shape demand
Of course, it isn’t just gardens and rural settings buyers are looking for. There is a growing importance related to remote working, and this is something vendors can offer to interested buyers.
One property director told Admiral; “There has been an increase in people building out-houses in the garden where everybody who used to work in offices is changing the way they now work. A reasonably sized brick-built outhouse could cost between £15,000 to £50,000 and will add value to your house. There have been some instances where a £5,000 investment has added an additional £20,000 to £30,000, which is roughly 10% of the property value. So, if you can invest, it’s worth considering to increase your property value.”
Position yourself to connect with likely buyers
Noel Summerfield is the head of home at Admiral, said: “Selling your home is an exciting but often stressful and expensive process, and while we all want to move home quickly, it can be an overwhelming experience – regardless of whether it’s your first experience of selling a house or you’ve done it before.”
Noel continued by saying; “With stamp duty abolished on homes, in England and Northern Ireland, up to the value of £500,000 until the end of March next year, now could be a good time to consider moving home. Since the start of the coronavirus pandemic, many are reassessing what they want from a home and outside space or a home office are now more important to people. Using the advice from the experts give homeowners some useful tips to consider and help them understand the secrets that could help them get the best deal and ease some of the stress.”
We know this is a challenging time, and for many households, the thought of buying or selling property is far from their mind. However, we also know many people are keen to keep themselves entertained, and some people may have property market issues. If we can be of any use to you, please contact Harpers Estates, and we will be more than happy to assist you.
