How You Can Improve The Value Of Your Home In Cyprus Before A Sale
Homeowners, in general, would do all in their power to ensure that they are able to make as much profit as possible when selling off their properties.
This is exactly what homeowners in Cyprus want and with the increase in the value of the Cyprus property market, most would want to get more profits than they ordinarily would have prior to this time. While most people see the modest increase in the value of the property market as just a slight or small increase, the difference is in the thousands of Euros homeowners stand to make when they sell off their properties at the moment.
While a majority of the buyers in the Cyprus property market cannot be categorized based on the type of property they plan on buying, the Brexit deal has made it possible to identify the type of buyers taking over the property market right now. With Brexit scheduled to take place at the end of October 2019 according to the newly elected UK Prime Minister, Boris Johnson, most British expatriates are currently looking for ways to remain in the country. The best way to do so is by purchasing a property that is worth at least €300,000. With the purchase completed, these expatriates are eligible for permanent residency. This has contributed to the increase in the value of the country's property market as more British expatriates see it as the best place to own a property.
While there has been an increase in the current value of the country's property market, you will find it surprising to know that most homeowners who have sold off their properties to foreigners and locals alike did not make as much profit as they should because they did not put in effort to improve the value of the home right before the deal was completed. This is exactly why this piece was created. We'll be offering you helpful ways you can improve the value of your home to ensure that you make as much as profit as possible.
How To Improve Your Home's Value
Improving the value of your home is a pretty simple task which most people have overlooked either because of ignorance or negligence. Improving the value of your home simply involves putting in the effort and most of the times incurring extra expenses. Some of the things you can do to improve the value of your home before a sale include but are definitely not limited to these;
- Repair And Clean
Whether this is a new property or not, it is of utmost importance that you clean thoroughly before a sale. To enable you to do this, you'll need to hire the services of a cleaning company. The job of the company would be to thoroughly and carefully clean the apartment without damaging anything in the process. Before you decide to hire a cleaning team, it is advised that you get rid of that excess stuff in the basement and in other parts of the building. You could give them out to a friend or even donate to charity. This is important because it gives the new homeowner or potential buyer the opportunity to imagine what it would feel like living there. With your personal stuff scattered all over the apartment, it would be difficult for these potential buyers to get a full view of the apartment, thus, affecting how they value the apartment.
Once your items have been disposed or well taken care of, the next thing to do would be to get the cleaning service company to thoroughly clean the place. If there are minor or major renovations to be done, it is advised that you get to work. If the painting on the wall is old and does not look appealing, you could decide to repaint before putting it up for sale. If the flooring is outdated, dirty, or in need of major renovation, you have to attend to them too. Also, examine the doorknobs, windows, cracked tiles, carpets, kitchen walls, and other kitchen accessories. If any is damaged or in need of a change, it is advised that you do so.
Depending on how the kitchen is styled, you could decide to change the cabinets. If you find it too expensive to do, you could settle for the cheaper option which is to reface the cabinets. The countertops should also be changed if they are old, damaged, or are not stylish enough. If there are bulky kitchen appliances that take up a considerable amount of space, do well to have them removed. If you have extra cash to spare, you could also decide to update the plumbing fixtures. Once all this is done, the next thing to do would be to clean. While most people may want to do the cleaning job themselves, it is best you hire the services of a cleaning company. This is because they have the right cleaning materials and skill to ensure that your home is sparkling clean.
- Get A Gardener
The outdoor space would be the first place potential buyers will see right before checking out the property. To give them a good impression as well as increase the value of your home, you'll need to hire the services of a gardener. The duty of the gardener would be to take proper care of the outdoor space. If there are flowers, he would have to trim them to look appealing. If there are bushes, the duty of the gardener would be to cut them. He'll also have to clean the patio, specks of dirt and lichens from pieces of furniture. Although gardening does not directly add to the value of your home, it makes it easier to sell off as potential buyers will visualize themselves owning and taking care of the garden.
You will find it surprising to know that you can hire gardeners to do this for as low as €20 to about €50 for a day's job. Depending on your big the bushes to be cleared are, the job could be completed in less than three days.
- Attend To Unfinished Work
Before putting up your home for sale, it is best that you attend and complete all unfinished work. If the property is a new one and there are certain unfinished work to be done, you'll need to complete them if you are to make as much profit as you would love to from the sale. To do this, you can choose from two options - you can choose to hire the services of a construction agency or you can do the job yourself.
The option to choose will depend on the volume of work to be done. It is advised that you complete the job to the point that it becomes easier for potential buyers to renovate or add extra features if they want to.
- Have The Necessary Paperwork Ready
When it comes to buying properties in Cyprus and in other parts of the world, one issue that both potential buyers and homeowners dread is that of filling the necessary paperwork. Depending on the location, size, etc. it could take time for these buyers to have this paperwork filled and submitted. To save your potential buyers and yourself the stress, you could have the paperwork ready. For example, to determine the structural integrity of your home, you'll need to present the necessary paperwork. If you have them with you to present to potential buyers, it does not just encourage them to buy but also gives them this confidence that what they're buying meets the standard. This would move them to pay more than they would ordinarily.
In addition, you could also present potential buyers with paperwork that show that your home meets the features of the latest technologies as far as tremors and earthquakes are concerned. If you have more proof that attests to the fact that your home is secure, it would become more appealing to buyers and they'll be willing to pay more.
Surprisingly, most of these traditional homes have been built to stand the test of time and would be more appealing to these British expatriates who would love to acquire properties in villages. If you have these type of properties to sell off, you have come to the right place. We can conveniently evaluate your home as well as have our experts list your home for sale. This saves you time and ensures that you get to sell your property in a stress-free manner.
While we do not just offer sellers the opportunity to sell off their homes without stress, we also help potential home buyers get the best properties. To get started, they'll have to speak to our professionals who are familiar with the property market. They can also check out the properties we have listed for sale. We assist you in buying and selling off your properties in a stress-free manner.
Source: C.N. Property Canvas Ltd.
Author: Christos Nikolaou
BEng Mechanical Engineering, MSc Real Estate, ETEK Property Valuer, Register and Licensed Real Estate Agent.Christos Nikolaou is the founder and Managing Director of Property Canvas, he holds a license as an Estate Agent from the Association of Real Estate Agents of Cyprus and he is a registered Property Valuer in the Technical and Scientific Chamber of Cyprus (ETEK). He is the author of our “How You Can Improve The Value Of Your Home In Cyprus Before A Sale ” and is a certified advance negotiator.
