Maximising Your Home’s Value in the 2024 Market

With 2024 shaping up to be another dynamic year in the UK housing market, homeowners looking to sell may face a challenge in maximising their profit potential. 

Recent statistics from Rightmove highlight a trend towards price growth at the start of 2024, after 2023 saw prices across many areas of the country dip. This underscores the importance of strategic preparation to attract buyers and secure the best offer.

So, how can you make your home stand out and command a premium price? Here’s your expert guide to boosting your home’s value before hitting the market.

Think about kerb appeal

First impressions are crucial. Ensure your home’s exterior is well-maintained and inviting. Tidy your garden, trim hedges, and give your front door a fresh coat of paint. Consider adding colourful seasonal plants for a welcoming touch. Remember, potential buyers often form an opinion within seconds of arriving, so make your kerb appeal count!

Be strategic with upgrades

Not all renovations are created equal. Focus on improvements that offer a high return on investment. Kitchens and bathrooms consistently top the list, with modern fixtures, neutral colour palettes, and improved functionality adding significant value. Consider smaller, budget-friendly updates like replacing tired door handles, light fixtures, and cabinet hardware for a quick refresh.

To DIY or not?

While some DIY projects can save money, remember that expertise matters. Stick to simple tasks that can be done with the right tools and Milwaukee batteries. Complex electrical or plumbing work is best left to professionals to ensure safety and avoid costly mistakes that could deter buyers.

General selling tips

  • Declutter and depersonalise: Create a clean, spacious feel by removing excess belongings and personal items. Allow potential buyers to envision themselves living in the space.
  • Maximise light and air: Open curtains and blinds, switch on lights, and ensure proper ventilation. Bright and airy spaces feel more inviting and spacious.
  • Stage strategically: Consider furniture rental or professional staging to present your home in its best light. Highlight key features and optimise flow within each room.
  • Price right: Overpricing can deter buyers and prolong the selling process. Get a realistic valuation from a reputable estate agent and consider recent market trends in your area.
  • Highlight unique features: Does your home boast a stunning view, a charming garden, or an unusual architectural detail? Emphasise these unique selling points in your marketing materials.
  • Market effectively: Choose the right estate agent with a strong track record in your area. Utilise online platforms for maximum exposure and consider professional photography to showcase your home’s best features.

With the housing market constantly evolving, keep an eye on news and trends. Resources like Rightmove’s House Price Index and industry publications can offer valuable insights to help you make informed decisions throughout the selling process.

By following these expert tips and tailoring them to your specific property, you can increase your home’s appeal and command a top price.