It might be tempting to believe that the pandemic has been destructive and all-consuming on all fronts, especially in relation to the property market, which virtually ground to a halt a few weeks ago. But we British are a resilient lot! Our compliant “keep calm and carry on” mentality has meant that we have/continue to do our bit to protect our community, without losing our focus on those other things in life that are important to us. Our home comes close to the top of the list, along with family, relationships, job, pets, well-being and general prosperity.
Over the years the kitchen has evolved from a utilitarian workspace to a fundamental heart of the home. It often enhances open plan living areas so that couples and families can interact between preparing food, working at a desk or watching TV.
And just as homebuyers are impressed by a good kitchen, so are tenants too, with a recent survey suggesting that a third of tenants regard the kitchen as the most important aspect of the property they rent.
In a competitive market, we know that as long as your property is priced attractively, it will sell. However, many people spend a fortune on improving their home expecting at least the cost of the improvements to be returned to them via an increased sale price. This can be a mistake, as around 90% of a property’s value can usually be attributed to its location and size – the two things you can’t change!
Many sellers who receive a good offer for their home turn it down because they have not yet found “the right property” and worry that they will in effect become homeless should they sell first (although we have never known this to happen!)
It would not be unreasonable to assume that the job of an estate agent is roughly the same, irrespective of the type of property. However, the skilled agent should have a comprehensive understanding of the delicacies involved in the sale of a more up-market home.
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