7 Tips to Make your House Sellable or Rentable in a Buyer’s Market

The Covid-19 situation in 2020 has had an unprecedented impact on businesses and people. And real estate is no exception. If you are a property owner looking to sell or rent out your property for extra cash, then you should know that it is a 100% buyer/renter market in Kuala Lumpur now!

And this applies to even prime locations that are conveniently accessible with ample amenities like Mont Kiara and Damansara Perdana. These are selling at below valuations.

So, as a seller how to make sure you get the best deal for your property? Read on….

Common Concerns for Sellers / Landlords

As a property owner, some questions will cross your mind, such as –

1. What gives my property the strength to generate profit while leaving the competitors behind?
2. What does my property offer that the others don’t?
3. Will I need to spend a bomb on renovations to make my home buyable/rentable?
4. How do I entice a prospective buyer/renter to choose my property over others?

To address these questions, here are some practical ideas that will help you stage your home and make it more attractive to prospective buyers and tenants alike.

7 Smart Tips to Stage your Home

While a full renovation would be ideal to present the perfect opportunity to prospects for selling a condominium unit or a landed house, you don’t have to fork out a fortune for that overhaul to spruce up the home, especially in times of such economic hardships. But do the essentials and don’t be stingy on those. Here’s what I mean….

1. Clean it up

Cleaning and tidying up your property are the most crucial and effective ways to leave a good first impression. Start from the exterior of the house as this is the first thing the buyer/renter will see. As you clean, remember to declutter as well. This will reduce the number of things lying around plus you will have less to pack when you are ready to move!

2. Fix /update hardware

While doing the cleaning up, also take note of objects that need fixing or hardware to update. Make sure that doors, handles, appliances, and electrical and plumbing fixtures comply with current building specs and are in working order. Potential clients want a home that is in move-in condition, one where they can move right in and start enjoying their new home, rather than having to spend time and money fixing it up!

3. Paint it up

A fresh coat of paint can do wonders to the overall effect of any room. Choosing neutral colours like beige or grey makes the home look clean and appealing. Add pops of colour through accents like rugs, throw pillows, and framed art.

4. Light it up

Buyers want to walk into a bright room. If your home has good natural light coming in, draw the curtains and pull up the blinds for daytime viewings. Likewise, if using artificial light, ensure that all bulbs are working, and the lighting is sufficient. Invest in a few tables or floor lamps if necessary. Switch on all the lights before a prospective buyer/renter comes.

5. Pet peeves

Are you a pet lover and have furries running around in your home? Find out in advance if the viewer has any allergies or fear of animals. The incessant barking or mewing of your pet can be quite distracting. So, keep pets at bay as they can sometimes be a hindrance during viewing. The last thing you want is the buyer not entering your house!

6. Brag about amenities

You know your neighborhood best! Create appeal and highlight all the plus points of your neighborhood. Brag about the best roti canai shop nearby or that top-notch school for families with kids. Play up on amenities and accessibility available according to the type of families coming for the viewing.

7. Price it right

Know what your home is worth. Attend other open houses in your area to know your competitors. Educate yourself on the price, type of sale, and condition of the houses you are up against. Do not overprice or undervalue your property.

Summing it up

Selling a home does require some extra work. A smart homeowner will embrace ideas like home staging. Do your best in getting the home in excellent shape. We hope these tips, coupled with an attractive offer price, will increase the odds of getting your home sold quickly.