When you decide to sell your HDB flat, the best way to increase its value is by applying reverse engineering. Think of how much money and time the potential buyer needs to spend on renovation and what problems they need to fix if they buy your flat. When the buyer saves on renovation costs and has fewer problems to fix, they are more willing to offer a higher price for your flat. Learn more about 5 tips to sell HDB flat at the highest price.
Some property agents are talking about “home staging” by renting furniture from the staging company.
Do you think potential buyers will emotionally purchase your flat due to the furniture in it?
You may use the money to improve your flat by doing the necessary repairs.
Keeping your home clean and decluttering is the first step when preparing your flat for sale. Consider home styling to elevate your home design to the maximum.
The kitchen and bathrooms always make the strongest impression on the buyers; these areas are the most used in the home and more prone to wear and tear. Generally, people buying resale flats spend most on renovating the kitchen and bathrooms.
Clean the kitchen, keep the cooker hob, hood, and cabinet doors oil-free, clean the cabinet door handles, and change rusty cabinet door hinges.
Keep the bathrooms clean and dry during viewing, and make sure all sanitary and water taps are in working condition.
It mostly happens to older HDB flats due to the wear and tear of the waterproofing, typically in wet areas near the floor traps. This may be a bigger problem for the potential buyer; get the proper repair done by the HDB approved contractor. HDB will send a technical officer to inspect your flat after the submission of the resale application. If the ceiling leaks are not repaired on time, it may delay the resale completion of your flat.
Another common issue with older HDB flats. Get the spalling concrete repair done by the HDB approved contractor before starting the selling process.
Clean the lighting covers, replace blown light bulbs, or change to brighter bulbs; that can make a difference in how potential buyers feel about your flat during a showing at night.
By replacing cracked or broken titles, you help reduce one problem for the potential buyer to fix.
For every problem potential buyers see in your flat, they reduce their interest in it and deduct the cost of fixing it from their offer price. If the buyer sees too many problems that need fixing, they even pass your flat completely.
Schedule a non-obligation discussion on how to help increase your flat value with the minimum cost.
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