How to spot potential in your hunt for a new home

In that elusive hunt for a new home, it won’t be a surprise to hear that most buyers pay much more than their initial budget in a bid to satisfy all of their requirements.

The previous paragraph means that many are looking for the perfect property; one that’s almost without flaws and in short, something of a dream home.

In a bid to save a little money, we’re today going to investigate the power of potential. In other words, seeing through the flaws and buying a property for a much cheaper price than it really should be in its full-blown glory. Let’s take a look at some of the ways you can achieve this.

Ignore the overgrown garden

Walking up to a potential house and seeing a garden as a jungle is hardly the perfect first impression – but give the home time.

First impressions can be a buyer’s worst enemy. Something like this can really set the tone for the entire viewing, and let it blight your decisions in relation to other areas of the home.

Remember, gardens are an easy fix (and can make a monumental difference). There are now so many landscape gardening services that you really don’t need to worry about the work involved in rectifying this area of the property. Instead, bask in the fact that it might have knocked some value from it – for the time being at least.

Don’t worry about “dated” properties

A favorite term in estate agency lingo is “dated”. This tends to scare a lot of would-be buyers away when really, the opposite should occur.

Sure, some properties might be so dated that it’s well and truly out of the question to modernize them and make them up to your standard. In some cases, it’s just related to the deco or the odd room though – and this is where you can take advantage. A lick of paint here and there isn’t going to cost you the earth, yet it can turn that ancient home into one that’s up-and-coming and on the wish list of most buyers out there.

The property with the bad layout

Perhaps the most off-putting element of a property for a lot of people is the layout. In other words, the bathroom is next to the kitchen (or not, if you are otherwise inclined) and tiny rooms have been created thanks to pointless walls.

At first, this might seem a big job to rectify and reconfigure to your own desires. Again, it’s worth giving the house in question time though, as some configurations can be changed relatively quickly.

Particularly if you are dealing with walls that are not load-bearing, you can quite easily remove and install one in a choice of your own. Sure, it’s slightly more work than the redecorating that we have also mentioned through this guide, but the effect that it can have is miraculous and doesn’t cost as much as a lot of people initially think.