An open house is one of the oldest marketing tricks in the book. It’s not always what attracts buyers first but it’s one that will eventually happen at some point in the transaction prior to closing a UK property investment deal.
In its simplest definition, an open house is as literal as it gets. The asset is open to everyone who wants to check it out for purchase. Because people will want to see the property for themselves first before committing to a decision, it has become very crucial in hastening, let alone making a sale happen.
So for today’s topic, we’re sharing some tips on what to do before one so that your property investment UK sells out fast and for a good price.
Depersonalize the space. Clean the property not just of dirt and grime and dust but also of things that serve as a reminder of the previous tenants. We want to welcome the new owners in and it would be difficult to do that if the investment still feels like it’s owned by someone else. We need to create the right aura and this is how to start.
Perform repair and maintenance. Make sure that the asset is at its best shape. No buyer will want a property that screams work and all the more if it looks dilapidated.
Replace old and worn out fixtures. Why? Refer to the previous bullet point.
Add a fresh coat of paint. It’s the cheapest task and one that has quite the massive impact. White is the safest of choices because it appeals to everyone regardless of age or gender. It also helps elongate the space making it appear bigger and brighter than it actually is.
Manicure the garden. Mow the lawn too. We want every inch of the space to look as sterling as possible and considering how much impact the exteriors have on the overall impression of an investment, one should never forget the garden, the lawn, and the garage.
Make an entrance. First impressions count and one of the first things buyers see would be the entryway and the façade. Make sure to clean up the exterior of the property and prep it just as you would the interior. Repaint the front doors or replace the old dingy lamps.
Do some staging. This is one way to make the space look both livable and brand new. It suggests to buyers what can be done and how much potential the UK property investment has.