When you sell your home, you want to achieve the best possible price. The more money you have when you sell your home, the more flexibility you have for your next move. Therefore, vendors should carry out improvements at home that add value, and make their home more appealing.
However, there is only so much you can do add value to your home. External factors influence what buyers are willing to pay for your house. No matter how stunning your home is if you live in a lousy street or there aren’t good schools in your local area, your attempts to improve the price of your home.
What’s the top property price in your area?
There is often a ceiling price for a street or area. This is the maximum value agents place on properties in these areas, and which buyers are willing to pay. If your home is close to the ceiling value, there isn’t much point in doing work around your house, because it won’t bring about much-added value.
It is natural some vendors will feel frustrated by this, but you aren’t entirely helpless. You may not be in a position to influence the value of your home, but you can change the ceiling price of your street. Taking steps to increase the ceiling price of your road makes sense, and may provide you with an opportunity to sell your home for more.
Be proactive and improve your community
Some key steps to consider when looking to increase the ceiling price of your street includes:
- Improving security by operating a neighbourhood watch scheme or lobbying for more police patrols
- Encourage residents to be more environmentally conscious and organise neighbourhood drives that clean the area
- Add plants and greenery to the street and the surrounding regions
- Form community groups and clubs
- Encourage residents to improve garden spaces and create kerb appeal jointly
- Lobby the council for a better standard of cleanliness on the streets and maintenance in the area
You may think this is work that should be left to other people, but if you want to make a positive impact on your property prices, you must be proactive. Acting now can help foster a community spirit, and it may pay off by raising the ceiling price of your street. Given the competitive nature of the property market, anything you can do, which helps you sell your home for more money has to be worth considering.
With convenient transport links to the centre of Manchester, and significant developments taking place, Stockport is the ideal place to buy, live or invest. As Stockport property specialists, we want to ensure you stay in touch with the latest property news. If you are looking for assistance in this area, give Spencer Harvey a call on 0161 480 8888 or send us an email at info@spencerharvey.co.uk. For a free valuation please visit: https://www.spencerharvey.co.uk/valuation-enquiry.html