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The property market has gone through some swift changes in the last few months due to the pandemic. As virtual viewings become the norm and house prices show signs of a strong recovery following the lockdown, there’s been a huge surge in demand. However, buyers are now looking for more space – which could leave flat owners in the lurch.
Recent research from Rightmove found that flats had dropped out of favour as the property market bounced back to life.
The coronavirus lockdown has clearly had an effect on what Britons want out of their homes, with space and outdoor areas becoming more important than ever.
The property experts reported that more than one third of buyers in the market said lockdown has impacted what they’re looking for in their next home.
Searches for homes with gardens on Rightmove had increased by 42 percent in May compared to the previous year.
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It’s good news for the property industry that people are looking to move again – no doubt in part to taking advantage of the new stamp duty holiday scheme.
But where does the new trend for larger homes and garden space leave those who are hoping to sell their flat?
For many flat owners it could have been their first step on the ladder – but if they’re hoping to follow the curve and sell up to find something bigger, they may struggle to attract buyers.
According to Zoopla, it takes 50 days, on average, for a flat or house to sell – but for flat owners it may take even longer if the current trend continues.
However, regulated property buyers Good Move have revealed how you can make your flat more appealing – and sell it fast.
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The experts have suggested a number of ways to make your flat appear bigger, as well as tips to improve it and increase your chances of someone wanting to snap it up.
Fix the little things
While you may not notice the odd bit of wear and tear as you’re so used to it, prospective buyers will spot it fast.
Whether you have a cracked bathroom tile, chipped window frames or scuff marks on the wall, get them fixed to make a good impression.
Have a deep clean
In the same vein, a deep clean throughout is a must before you launch into viewings.
Banish limescale and mould from your bathroom and kitchen, wax wooden floors, and make sure built-in appliances such as the oven are sparkling clean.
Getting the professionals in to clean the carpets could be a good move if they’re looking particularly dowdy, and you can brighten up the place with flowers and fresh towels to dress up the space.
Keep it neutral
Your home will obviously have your stamp on it – but if you’re selling up, be aware that your personal preference might not be the same as a prospective buyer’s.
If you’ve got a statement wall or too much of your own clutter lying around, consider changing it to prepare the flat for sale.
A lick of paint in a neutral colour or a quick declutter could help buyers to imagine themselves living there.
Create the illusion of space
You can make your flat feel bigger with a few clever interior design tips.
Good Move recommends adding mirrors to not only bring in extra light, but space – especially if you place them in small areas such as hallways.
The reflection will help make the room look bigger while adding style to your home.
You can also make the room look bigger by making sure you open up as much floor space as possible, while giving furniture a bit of room rather than squeezing it up against the wall.
Nima Ghasri, Director at Good Move, says: “It’s no secret that flats can’t offer the inside and outdoor space most houses can.
“However, although consumer demand for flats across the UK is decreasing, there are still many ways sellers can make their apartment look more appealing to potential buyers.
“The process you take to sell your flat can also help speed up timings.
“For example, if you opt to go with an estate agent, this can take between three to six months.
“An auction can take between six to ten weeks, and cash house buyers can sell your flat in as little as seven days.
“So, it’s definitely worth weighing up your selling options in the first instance.”
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