Get ready for your remortgage valuation
People often think that home staging is solely a tool for selling your property, but being forward thinking and effectively staging your home for your remortgage valuation brings great benefit.
With home improvements and lifestyle changes being so in demand, homeowners are seeking ways of benefiting from the boost in property value and reduced interest rates to free up equity to help them achieve their goals.
“Remortgaging is where you take out a new mortgage on a property you already own – either to replace your existing mortgage, or to borrow money against your property.” - Money Saving Expert
More than 650,000 people remortgaged in 2020.
When undergoing an application to remortgage a property, it is common for a valuer to view your home to assess its value, especially when the anticipated value is significantly higher than original purchase or online estimates.
Being ready and prepared for this valuation is going to help the valuer to see your home in a much more favourable position, resulting in a positive outcome in your valuation figure.
Whilst some elements of the valuation are out of your control, many are! So use our top tips to tick them off your list and get the property valuation you want!
Here are our 5 top tips to staging your home for valuation
Declutter
As with staging to sell, you want to make sure that you are showing off the available light and space in your property. Less clutter will make a room appear bigger, fresher and more appealing.
For support in declutter, reach out to our APDO registered Staging Support Associate, Faye. She can book you in for a free kickstart call to help you get organised for valuation.
2. Redefine the true purpose of rooms
Whilst you may use your third bedroom for another purpose, eg. storage or craft room, it may be more financially valuable staged as a bedroom. Making sure that your property has the correct number of useable bedrooms and reception rooms is essential. If you are unsure, speak to a local agent or get in touch with one of our Home Staging experts.
3. Touch ups
Carry out any of the small repairs that you have been putting off. The general presentation of a property may impact its valuation, so take time to fix any loose tiles, creaking doors or scuffs on walls.
4. Make beds
Whilst making your beds isn’t going to add money to your valuation, it will present an organised and well cared for property, which in turn may enhance the valuer’s impression of your home.
5. Bathroom blitz
A simple 20 min bathroom blitz can add thousands on to your valuation, and can give you the opportunity to show off the quality of your bathroom.
Want a bathroom blitz checklist? Get in touch and we can send you over a FREE pdf guide.
6. Kitchens are gold!
Kitchen’s are absolutely gold in adding value to your home. No matter how old your kitchen is, taking time to remove everything from the sides, organise the cupboards, clear anything from cabinet tops and deep clean will take years off of your kitchen’s age. According to the Nationwide building society, a new kitchen can add 6% to your home’s valuation, so any steps to give your kitchen a facelift pre-valuation will be well worth the effort.
Bonus tip
Get in the garden. Take time to make sure your valuer’s first impression is a great one. Check out our curb appeal blog to spruce up your property exterior.
If you have a valuation coming up and want advice or hands on support to make sure that you are ready, get in touch.