First in, best dressed
Under Level 4 lockdown the property market in New Zealand is inactive. However, once we make our way back down the four-level system, activity will undoubtedly resume.
During this period at home, many of us have had the space and time to consider or reconsider our living options.
- You may want to continue working from home all or some of the time
- You may have identified a business idea or opportunity that requires you to free up cash to pursue
- You may require more space to accommodate all within your bubble
- You may just decide that your home is not meeting your needs anymore and it is time for a change
If this means you are thinking of selling your current home, you may be interested in this list from Better Homes and Gardens. It breaks down the key features buyers are looking for in a home. You can use this list to decide if you want to make some changes before putting your home on the market.
- Downstairs toilet – 58%
- Built-in storage (wardrobes/cupboards) – 54%
- UPVC double glazing – 54%
- Separate shower cubicle – 52%
- Lawned garden – 51%
- Separate living spaces (opposite of open-plan) – 49%
- Security system – 47%
- Paved patio – 45%
- Outdoor lights – 41%
- Underfloor heating – 41%
- Marble work surface in kitchen – 38%
- Kitchen island – 37%
- Bi-fold doors to the garden – 35%
- Decking – 33%
- White window frames – 30%
(Rated People Home Improvement Trends Report: 2020 ranked by the percentage of homeowners who said each feature would make them more likely to buy a property).
What you can do now
With this knowledge, you can start researching what changes you can make to maximise your home’s resale value. Remember, this lockdown has been hard on everyone, and now is the time to support local so we can reignite the New Zealand economy.
- Buy supplies: Even though the retail stores are currently closed, their websites are open and many stores will have staff working remotely who are willing and able to help you. Get in quick and start ordering your supplies, so you are ready to go when you are able.
- Book tradies: You want to hit the ground running the minute you can. Remember, first in, best dressed, so get onto the phone with your preferred trades so you have first dibs into their work queues once they can get back to work.
- Interview agents: Start interviewing the real estate agents you would like to work with. This is a good time to get their undivided attention and identify what is important to you and what they can offer. They should be able to guide you on the optimal sale method; price by negotiation, tender, expression of interest or auction.
Review realestate.co.nz to identify the agencies and agents who are active in your suburb. Local knowledge and a database of potential buyers looking in your area will contribute to a quick sale.
- Research: Do your research to determine the recent sales for properties in your area. The website, homes.co.nz provides good information. You may be able to work out the sale price you can potentially achieve with your property.
Bear in mind that the lockdown may impact the property market. The real estate agents you interview should be able to guide you.
- Talk to your bank: Find out how much you can potentially borrow (if you need to). Mobile mortgage managers should be ready and available to work with you now (by video or over the phone). You could potentially lock in the current low interest rates. We have found the blogs on squirrel.co.nz to provide a wealth of information.
Making sure your home looks great will help it stand out from the rest. We spoke with a real estate agent to find out how you could do that, check it out here.
If you want your home painted by award winning Auckland Master Painters when we move into Level 3, get in touch for a quote.
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