Property owners advised to seek consultants’ help for improving saleability

Posted under General by Michael

The UK property owners have been advised to seek help of experts in making home improvements to improve saleability of their properties.

Renowned property expert, Phil Spencer, has called owners, intending to sale their houses with expectation of good returns at a time when house prices are falling sharply, to consult experts in making their houses more attractive to potential buyers.

He encouraged homeowners to obtain professional advice on all matters related to property since it would save them lot of money in the long run.

Phil Spencer explained that some of the decisions that owners take including whether to improve or move, and if they decide to improve, the next question arises what should be improved to get more returns with minimum investment, are very important and require deep thinking.

Spencer suggested that improvements such as insulating hot water tank, which are relatively cheap and small, could result in handsome returns.

A research involving property owners as respondents, commissioned by Lloyds TBS in October, revealed that 73% owners in London believed that improvement of kitchen was the best thing to do for making property more sellable.

The research also showed that nearly 50% of estate agents in London reported substantial increase in number of properties being taken off the market for improvements.

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