Does selling a home mean not enjoying the benefit of your DIY home improvements? Not if you choose to sell and rent back.
Millions of people in the UK count DIY as one of their hobbies – and over the years they have added billions of pounds to the value of the country's homes. But when it comes to cashing in on the hard work it can seem a shame to sell the property you've worked so hard to improve – but not if you decide to sell and rent back.
To sell and rent back means, quite simply, that someone buys your home – usually for a quick cash payment – and then becomes your landlord. You don't need to move home – so if you've fitted a luxury electric shower, underfloor heating, or added a games room above the garage, you can still enjoy the fruits of your labour.
Home improvements can add tens of thousands of pounds to a property's value. And that means that, even though sell and rent back offers are usually lower than an estate agent's valuation of a property, successful DIY-ers can still turn a profit from their handiwork.
Do the DIY to sell for more and rent back
According to a Halifax Home Improvement Survey published in 2007, 58 per cent of homeowners undertook some kind of home improvement project in the previous 12 months. Many people did the work to add value to their property.
And the Independent newspaper said that, "a new kitchen was the improvement thought most likely to add value, followed by an extension, loft conversion and conservatory."
But owners can only cash in on that added value if they sell and buy a smaller property – not often a practical idea – or sell and rent back.
Sell and rent back for a quick house sale
The Independent warns that sometimes a home improvement project can actually slow down a house sale. Because of poor planning or execution, or even just because it's not to their tastes, some prospective buyers will be put off by the improvement. And if you spent weeks doing the DIY, that can be infuriating.
One of the benefits when you sell and rent back, though, is that the sale goes through quickly. And at least you know the person who will be living in the house – you – will appreciate the improvements you've made.
Sell and rent back with sellandrentbackltd.co.uk
If you're caught in a financial house-trap, sellandrentbackltd.co.uk can throw you a life-line. Sellandrentbackltd.co.uk offers a sell and rent back scheme for those who like living where they are and want to maintain stability but are facing mortgage arrears, repossession, bankruptcy and debt or concerned financial meltdown is looming. The sell and rent back scheme is an alternative to selling up and moving, allowing you to stay put and find financial solutions. Sellandrentbackltd.co.uk will buy your home and allow you to continue living in it as a tenant. Find out more, call Sell and Rent Back Ltd. today on: 08000 255 870
.