Spending Less Before You Sell Your Home

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spending less before you sell your home

We all know houses are expensive. Many of us spend significant chunks of our lives saving for the next big move. Getting onto the property ladder is hard enough. Though, there’s plenty of information out there about how to overcome that obstacle. But, even when buying your second or third home, you may need to save a considerable amount. After all, it’s likely that you’re moving into a larger property. Besides which, you’ll need to cover agent fees and such.

What you may not have considered is that you also need to spend to sell your current property. Though it may seem strange, this is essential to ensure you gain the full value. But, with all the other costs involved, this could be enough to tip you over the edge. Which is why we’re going to look at a few ways you can save on those expenses.

Home improvements

Most of us like to make home improvements before putting a property on the market. But, if you aren’t careful, you could easily break the bank with this. That’s especially the case if you’ve let things go a little. But, saving money here is quite simple.

The main thing to bear in mind is that significant repairs, rather than small issues such as repainting, most impact value. So, focus on these. Don’t worry about changing your kitchen worktops, or painting every room. Focus on issues such as areas of damp, or broken window catches. These are the things potential buyers are sure to notice. So, limit your improvements only to these essential tasks.

Agent commission

Estate agent commission can be another costly part of moving home. Admittedly, the majority of agents don’t take payment until you sell. Then, they deduct an agreed percentage. But, that’s still money you could do without losing. In truth, you can’t do this without an agent.

You’d struggle to achieve the same level of coverage any other way. But, you can reduce costs by looking around before settling. Either compare prices yourself, or turn to a company like Hungry Agents. Here, you post your house listing, and agents have to bid for it. Thus, you’re more likely to get a good deal this way.

Time off for viewings

Admittedly, this isn’t a must. Most estate agents are happy to conduct viewings while you’re out at work. BUT, you may well be able to sell your home faster if you take time off and conduct these viewings yourself. After all, no agent can know this property as well as you do. Besides, if people warm to you, they’re more likely to take a shine to your house. But, time off costs, especially if you have to conduct viewings often.

To make this more cost-effective, it may be worth trying to plan as many viewings in as short a space of time as possible. Remember, too, that weekends are prime time for this. Make use of that, and you’ll barely have to take any time off at all.