Whether you’re thinking longer term or considering putting your property on the market soon, TV’s Phil Spencer has some advice. By Vicky Shaw.
Here, TV property expert Phil Spencer, shares his insight into current housing trends, as well as the property pitfalls to watch out for…
“I’ve been involved in the housing market for over 25 years and, as with all things, there are trends. There are elements of fashion and, as with clothing, fashion changes, so be careful of that and don’t go too far out on a limb.
“There was a trend for open plan and generally opening things out, but I’d say that’s changing again.
“More en-suite bathrooms have been prioritised recently. They take up more space and don’t always add huge amounts of value when re-selling, so it will be interesting to see if this lasts. Pantries and larders are also on the up, as we crave more and more space.”
What do home owners need to be mindful of when thinking about making improvements – are there pitfalls to watch out for?
“Simply put – bad DIY. It’s obvious when somethings been done cheaply, we should all be mindful of that. You also need to be realistic with the space you’ve got. Every property has a ceiling price and as long as you’re aware of that, then you’re good.
“I would say you need to be consistent. I’ve seen expensive bathrooms in cheap houses and it can look very out of place. Always match the price bracket of fittings to that of the house.
“Also, not to make things too personal to you and your taste and lifestyle. If you’re doing it for you, great, but if you want to re-sell be careful. You always need to appeal to the largest possible denominator – there is a reason people use magnolia!”
What should home owners bear in mind when considering whether to move or improve?
Forexpert advice on your property valuation and top selling tips, go the McCarthy Holden home page and click on valuation, for a free no obligation property appraisal.