Given the heightened demand for homes right now, it is likely many homeowners will be looking to sell their home. If you plan on selling your Letchworth Garden City home, we are on hand to assist you.
We can provide you with a property valuation, which is an essential starting point when it comes to connecting with buyers. Also, we know what local buyers are looking for. No matter what you sell; it is vital you engage buyers, and offer them something appealing.
Buyer demand has shifted
Our local knowledge, allied to the research into how buyer demands are changing because of COVD-19, will ensure you know what buyers want to see in their new home.
It shouldn’t be a surprise to learn buyers are looking for homes with:
· A garden space or bigger garden than what they currently have
· A larger home or a home with more functional space
· An area where people can work from home
A Royal Institution of Chartered Surveyors study from this summer highlights garden space is the pressing need for buyers. More than 80% of estate agents who responded said they expect demand for outdoor space to increase in the next two years.
Simon Rubinsohn is the chief economist at the Rics, and he said; “There are already signs that those looking to buy a house are responding to the conditions created by the pandemic by seeking out properties with gardens or balconies and nearer green space. These and other similar features are likely to increasingly command a premium over higher density urban locations according to respondents to the survey.”
There has also been similar information shared by the leading property portals in the country. Rightmove states 39% of prospective buyers are prioritising garden space and larger homes in their property search.
Give buyers an office space for remote working
If you are looking to attract attention, and add value to your home, an office in your garden is likely to be a great addition. Adding some utility to your garden is helpful, while prospective buyers will appreciate the opportunity to separate home-life and work-life.
There is a wide range of options available to help you create an office space on your property, and given the current demand, there will be many new solutions and options coming to the market soon.
Aedan Mackel of ArdMackel Architects said; “I’ve seen a growing interest in off-the-shelf home office, ranging from £10,000-£15,000 which is built off-site and delivered to your back garden. The more sophisticated models will be wired for electricity and plumbed to allow for running water and toilet and while some people try to link the work space to their home, the preferred option is to have it as a stand-alone work-life unit in the back garden.”
With the stamp duty holiday deadline happening in March 2021, you still have time to be active in the market. At Country Properties, we recommend December 2020 as a good cut-off point for homeowners looking to capitalise on the stamp duty holiday.
Whether you need guidance on a possible move, or you are keen to start the sales process, we can help.
Currently, in line with Government guidelines, our Letchworth Garden City branch has reopened and is again staffed with sales and lettings personnel. To clients old and new, if you have any queries or need advice on property sales and lettings then please call 01462 481100 or email firstname.lastname@example.org.