The Chief economist of the Nationwide building society commented that “there is little doubt the housing market has recovered with 15 straight months of increases”.
This means that if you are planning on selling your home then you could be in for a nice surprise and some welcome news. It also means that the house you planned on moving to is also higher in price than some months before.
Maximising your asking price is therefore very important so that you have more money to move with. One way of doing that is to make sure your home is in a good state and appeals to a wider market. This will generate bidding wars in some areas and you could find offers in excess of what you asked for!
Mike Harmer from Mills Build in London, a high end building developer said:
“We are finding that home owners have the confidence to really invest in making their home the best it can be. We are getting more enquiries from people seeking to make improvements to capitalise on the shifting market. Our developments are at the high end where we work with luxury properties so we are finding customers who really want the best.”
This is a more common trend for building developers, not just in the capital but up and down the country who are busier now homeowners can see their efforts will be rewarded with increases in their home’s value rather than when the market was stagnant.
The experts are warning the house prices will continue to rise in 2014 with some areas reaching a steep incline in asking prices as there is more competition for housing. The market should catch up however, as homeowners realise the value of their home is high enough to sell and the steep increase should slow down.
That makes it even more important that when you put your home on the market, it is in the best shape it could be. It will sell more quickly and for a higher price.
Find out more about MIlls Build by visiting http://millsbuild.co.uk/