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Finance > Insurance > Home InsuranceHome Staging: Making Your Home Sellable
Posted by nick_niesen in Finance on November 8th , 2010
You've listed your home and the agent wants to start showing it to prospective buyers. Here's a few tips to help it look its best.
You may have already read the importance of clearing out clutter. Well, that's because it can't be stressed enough. It is one of the most important aspects of making your home appealing to buyers, for two reasons. First, not just papers and dishes, clutter includes decorations and furniture too. Too much of it can block a persons view of the house itself. If everywhere they look they see stuff , a buyer doesn't see your home. It is imperative that they have a clear view, or they won't want to buy. Second, all that clutter screams personality. Your personality. And this is not what a buyer wants to see. When someone is looking over a home, what they need to do in order to be motivated to buy is to imagine themselves living in that home. If the house is so full of the current owner, a potential buyer can't get past that and make the mental leap to visualizing themselves in the home.
Because of this , some sellers choose to box up a lot of their personal goods and put them in professional storage. This gets it right out of the house, so even the boxes aren't clogging up the spare rooms and closets, which are also important selling features.
It is also important to fix things around the home. Keep in mind how well the doors around your home work, as buyers will almost always open closets and cupboards. If the doors are sticky or squeak, that gives a bad first impression. Obviously , your front door is the first candidate for a good hinge-oiling.
While you certainly don't want to enter into major renovations, a new coat of paint can really brighten up a home and make it more appealing. Consider both the outside and inside of your home. And as tempting as it is to choose trendy colors or things you are personally attracted to, neutral tones are best. White or off-white are your safest bets as they will help a home appear bright, and give a new owner a good base if they wish to paint the home more uniquely.
Speaking of a bright home, be sure to leave all the lights on when your home is being shown. Open all the curtains , too, so that viewers feel that your home is bright and welcoming, and they can see clearly. Dusting every surface also helps your home look brighter.
Consider smell, an important sense that impacts our first impression. Do a good deep cleaning, especially if you have pets or smoke indoors. Air the home out a bit. You may wish to install some air fresheners , but be sure not to choose anything too overwhelming, as more and more people have sensitivities to scents these days.
Good luck with showing your home!
With foreign investment driving up land prices, speculation strategies beckon. But land development investments are more stabilising for investors - and the country.
The discussion about the differences in land investors - those who speculate on rapid value increases versus those who make their money by building things - is nothing new in England or elsewhere. But the rhetoric in the UK has ratcheted up a bit in 2014, along with the rise in real estate prices.
How would someone investing through UK land fund managers think of themselves? Are they speculators, or solid land investors? Does the fact that land funds largely involve the conversion of unused land into developed property - housing and commercial use - place such an investor in one category and not the other?
Anyone with the pounds to invest and who follows the topic of UK strategic land development might be familiar with the arguments. A laissez faire advocate would suggest that natural market forces should be allowed to rule , meeting the demands for commercial, residential and agricultural uses at the simple intersections of supply-demand curves. If holding land for several years turns into healthy profits, why should it matter? At the other side are those who present the housing shortage as cause for different kinds of regulation, incentives and taxation, and that even greater value increases can be realised by the mid-term investor compared to the speculator.
An example of the latter is advocated by , an independent organisation that proposes alternatives to the status quo of British politics. In a recent (November 2014) post by economist Joe Sarling, an argument is put forth to impose a land value tax on the ownership of land, irrespective of buildings that sit on it.
Among Sarling's principal points for this is it would prevent speculative buying-and-holding. "It would encourage land owners to better use their land鈥ring it forwards for development...[and] ilise land prices as investors would have to think carefully about how they use the land and their build-out rates," says. "As a result, land speculation would be discouraged and prices would stabilise. This , in turn, will stabilise house prices which helps the consumer plan to buy and the developer as they have confidence in predicted values - i.e., it would dampen the boom-bust cycles and bring developments forward more quickly."
Labour shadow housing minister Emma Reynolds has her own beef with unused land, more specifically large empty homes that are often owned by foreigners as mere investments. She points out that the very active home-sales market in Cambridge provides a good example of this happening - which she would like to slap with a large council tax to discourage.
Looking at these and other arguments on land speculating vs. investing, one must also consider the farmers who remain engaged in the business of agriculture. Investments by billionaires , both from within and outside of the UK, of prime arable. |
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