New Year and Real Estate Trends

Every year, more and more people are investing to buy their own house. With different sizes and different locations, types of homes have drastically changed through the years. From bungalows, 2-storeys, to condo units, each type of home has a specific target of buyers. This year 2015, new trends in the real estate industry are starting to emerge. Here are some of the trends that you need to look out for if you are buying or selling a home this 2015.

 

Improved Market for Buyers

2015 is expected to be a good year for home buyers, more specifically for middle class home buyers. Calling your trusted estate agent this year will be a good thing because more and more homes for sale would become price-friendly in the market due to home prices being expected to flatten out this year. Top that off with low interest rates and a stable economy, and we see that the field of real estate is healthy and buyers can enjoy its wealth this 2015.

Low Rates to Stay This Year for Mortgages

2015 is a prosperous year ahead as interest rates are going to stay low due to geopolitical unrest. Inflation will be in check, and even lower oil prices will be felt. This will pave way for more buyers who are planning to buy homes this year to pursue their plans.

Setting the Stage

Staging is not a requirement to sell your estate, but it is recommended. Before doing anything, first you need to identify your target market, and consider getting help from a professional.

Estate sales require a lot of paper work. One must make sure that the title, taxes, mortgages, billing, and all safety codes are taken care of before putting the property up for sale. Also identifying possible prospects is a must to set the selling price, and effectively land a buyer. This entails determining what type of neighborhood you are living in: is it young (single active people) or mature (families)? Determining if it’s hip or conservative will help you on how to stage your home.

An estate agent from Finlaybrewer.co.uk has the expertise on paper work, and the estate market. Hiring one is a no brainer, especially when you’re having trouble identifying your target market.

Staging

A handsome looking house sells fast. That means you have to set aside a budget for renovations and repairs.

Welcome buyers with a warm appeal not from your exteriors alone, but include the living room, kitchen, and the master bedroom. You can transform these spaces by making simple repairs like patching up holes on the wall, replacing wall paint/paper, fixing drawer doors just to name a few. Turning your bathroom into spa, does not require much spending. Simply replacing the old-stained mirror with a new one would work. You can take things further by replacing the towel bars, tissue holder, waste basket, and trays as an ensemble. As an option, add soft white towels, toiletries, soaps, and scented candles as a complement to that smooth finish.

Decor and furniture need to be carefully selected around the house. Paintings should complement the theme you’ve chosen for the room. Avoid being specific with art as not to turn off buyers from a room. Room size and furniture quantity should be proportional. This is important to ease prospects in, instead of repelling them from an overfilled room.

Here are just a few staging suggestions that make a quick sale. When going through the process, it’s you who make the ultimate decisions. Careful planning and proper execution is required for a successful staging. So, take your time and make sure to cover all bases for a successful property sale.