Selling New Build Houses: How To Sell New Homes Fast
When it comes to selling a house, there is a lot to consider. This is the case for every property type and new builds are no exception. With the paperwork, viewings, solicitors and estate agents, there are lots of different factors at play, which is you are looking for a quick sale is not ideal.
In this blog post, we will be looking at whether new builds increase in value, how to boost value when selling a new build, and how we can help sell your new build fast...
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How soon can you sell a new build house?
How soon you wish to sell your property is up to you as the homeowner. You may decide to sell your home within the year, however, this will not come without cost. Selling your new build home within the year can bring with it complications, such as Capital Gains Tax.
You pay Capital Gains Tax when you gain a profit from selling an asset, in the case of a property. If you want to sell a property after a year then you face paying up to 20%. If you decide to sell it less than a year after you have purchased the property, you may find yourself paying even more.
Do new builds have resale value?
The value of a newbuild property will depend on how long you have had it. If you own the property for years, then it has the potential to increase in value, as older properties do. When you are buying a new build property you may pay more for it initially, and they have been known to depreciate in value early on.
How much do new build homes increase in value?
According to a study done by the Financial Times, new build properties can lose as much as 10% of their value in the first seven years after they are purchased. This amount will depend upon how popular that particular housing development is and the performance of the wider market.
However, the reality for many new builds is they either don't lose value or they will quickly regain value once they have been sold.
I want to sell my house, how much is it worth?
One of the most important things you will need to find out when selling property in the UK is the value of your property. Exactly how much your property is worth will depend on the following factors:
One of the factors that can have the biggest effect on the value of your new build is one that is ultimately out of your control. The local market plays a big role in the value of your property, so before putting your house up for sale it is a good idea to do a quick analysis of it. Is there an influx of interested buyers in your area? Are there many other local properties on the market? What is the average sale price of houses similar to yours?
If you are unsure, you can always consult an estate agent.
Another aspect worth considering is the condition of your new build. Have you lived in it long? Is the property well maintained? Have you had any building work or renovations done? Are you still within the National House Building Council warranty period?
The property itself
If your new build has any unique features to it, these can often add value to your home. What direction does your garden face? Have you any smart appliances?
How can I boost the value of my new build before a house sale?
If you are looking to increase the value of a new build property, then there are a few extra steps that you can take in order to attract potential buyers and boost your final total. Below we take a closer look at some of the ways how you can boost the value of your new build home before a sale:
When it comes to helping boost the value of your new build, it is important to remember that first impressions matter. That's why one of the best places to start when giving your home a light makeover is with the front. This can involve anything from getting a new front door to just going over it with a fresh coat of paint. Other ways you can improve the value of your home is by boosting your kerb appeal. Simply mowing the lawn or planting fresh flowers can do wonders for the front of your home.
Whilst it can be easy to go overboard when selling, a full-scale kitchen remodel is rarely the answer when it comes to adding value. Instead, you should opt for changing cabinet doors, updating worktops, painting units, and adding new lights to your kitchen.
One of the best ways you can add value to your new-build property and give it a new lease on life is with simple redecorations. Simply painting tired-looking walls a new colour can refresh any room instantly. If you fancy a change, painting rooms in neutral colours can help open up rooms, and make them appear larger and brighter. Simple DIY hacks such as replacing any broken or loose tiles, filling any cracks, and replacing any lightbulbs can all do wonders for your home.
Tackle your bathroom
A major point of interest for your home can be the bathroom. A great way to increase the value of your new build home is to make small changes, such as adding a fresh coat of paint, upgrading your tiles, or adding a new mirror.
If you have a new build property with a garden then you are in luck. Gardens can be a great way to increase the value of your home and you only have to make very minimal changes to see the difference. Mowing the lawn, planting fresh plants and flowers, repainting any tired-looking fences, and cleaning the patio are all great ways to help boost the value of your home.
If you own a new build flat or property that has single-glazed windows then a great way to help boost your value is by upgrading to double-glazing. Double glazing brings with it numerous benefits, such as additional soundproofing and energy efficiency.
What renovations to avoid when selling your house?
Whilst renovations can be a good way to increase the value of your home before you sell, there are also renovations to avoid when you are looking to sell your new build house. Below we take a look at the renovations that you should give a wide berth to if you are planning on selling shortly.
Whilst often hailed as the go-to renovation when it comes to adding value to your property, kitchen renovations may not be the way to go after all. A brand-new kitchen very rarely pays for itself, and you find yourself forking out for very little in return. Most buyers will tailor a kitchen to suit their own tastes and needs, which will very rarely add enough value to make a whole remodelling worth the hassle and cost. If you are looking to give your kitchen a quick refresh, then you may be better off updating appliances or trying a quick coat of paint.
Extensions and conversions
Other renovations that are often hailed as value adders are conversions and extensions. Whilst these are great if you are looking to add more space to your home, they are also disruptive and expensive without adding enough value to your property to justify the expense.
Are new builds hard to sell?
Selling a new build can be difficult, however, it doesn't have to be.
If you are looking to sell your new build home without the solicitor fees, estate agent fees, and in a timescale that suits you then look no further, we are here to help.
Here at The Property Buying Company, we buy any house, in any condition, in any location. As we are a genuine cash buyer, we specialise in quick house sales. We can buy any house in a timescale that suits you, whether that's 3 months from now or in as little as 7 days.
We are also proud members National Association of Property Buyers and The Property Ombudsman, as well as being rated excellent on Trustpilot.
In order to confirm our initial cash offer is correct, we will only require one quick viewing. Once you have accepted our offer, that is the amount that you will get in FULL in your bank.
We will also cover all of the solicitor and conveyancing fees that are typically associated with selling a home, it's just one of the ways that we make selling easy.
Looking to sell your new build fast and for free? Then get in touch today or fill in one of our online valuation forms to receive a no-obligation CASH offer which we could have in your bank in as little as 7 days...