There are immediate benefits having your property empty when it comes time to sell. When our clients ask us whether they should give tenants notice when they’re selling, we always suggest that they should. Having the opportunity to attract owner occupiers to a property always leads to great prices as they generally buy with plenty of emotion because it’s their new home.
Once the tenants have moved out, we will assess the property for any damages that need to be repaired and whether some minor updating is needed. It’s always great to have a property repainted white or other neutral bright colours to open the spaces and give it a new home feel. You can also do some minor updates like changing cabinetry handles to something a little more modern and give the place a good clean.
You also have the option to stage your property with furniture. It’s amazing the difference staged furniture makes to the property and ultimately your outcome. Furniture opens up rooms and gives buyers perspective, staged furniture has the benefit of creating a picture in buyers’ mind of how they would like to live in the place and can lead to very emotional purchasing, which is where the money is.
A combination of painting, minor updating, putting in new light globes throughout and staged furniture, you will have yourself ready for a great campaign. If the property is marketed correctly, you should get great momentum through your campaign and hopefully secure an amazing price. As much as you will have to sacrifice a few months’ rent and spend money on getting your property up to scratch. It’s usually minimal to snagging yourself an amazing result and hopefully setting a record for your street.
The following advice is of a general nature and intended as an opinion and broad guide. For all legal, financial or real estate advice you should obtain independent professional advice to do with the specific nature of your circumstances before making any legal, financial or real estate decisions.