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Selling a Unique Property?

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Living in a unique property can be a wonderful experience, but it might pose challenges when it comes to selling. Potential buyers could perceive the property negatively for various reasons, which could lead to difficulties in achieving a quick sale.

Unique properties may vary in style, location, and historical significance. In the UK, you can find unconventional houses such as windmills, country estates, and even former prisons. The features that make these buildings unusual can be the very reason why they are a lot harder to sell than conventional houses.

Here at Property Saviour, we will buy all types of property, so if you need a quicker-than-normal sale, get in touch and see how we can help.

In this article, we’ll help you find that unique buyer for your quirky property.

Table of Contents

How do you value a unique property?

Valuing a unique property can be quite challenging. Looking at the last sale price may not be enough, especially if significant improvements have been made. Calculating the price per square foot is a common approach, but adjusting for unique features like swimming pools or a Clive Christian kitchen can complicate matters. In the end, focusing on these four key saleability factors when determining the value of a one-of-a-kind home:

  1. Your home’s appeal in terms of affordability is key to attracting the right buyer. Understanding who can afford your home, whether a local or a London buyer, can make a significant difference in the selling process. A dated or unsuitable home may not catch the eye of a contemporary urban buyer looking for move-in-ready options. It’s essential to consider the financial capabilities and preferences of potential buyers to maximise your property’s appeal.

  1. Scarcity determines how rare the house is. It might be rare due to extensive modifications over the years, to the point where the original structure is hardly recognizable. Alternatively, its rarity could stem from its historical significance, such as being a house where Elizabeth I once stayed during the sixteenth century.

  2. When considering what else could be purchased for the same amount of money, it’s important to compare the options honestly. Which option would you choose?
  3. If you were a potential buyer, would you see your dream home in this property? Does it have everything a family could wish for? While a pony paddock and swimming pool might not be essential, they could be the extra touch that wins them over emotionally. It’s important to appeal to their hearts, not just their minds, to seal the deal.

 

While unique properties are difficult to value, the most accurate method is to seek professional help with a qualified RICS surveyor.  These are some of the factors that might help determine a realistic price:

  • If your property is on the market, then how many times has price been reduced and what affect it had on viewings and offers?
  • Identify comparables or nearest comparables to see how they are performing.
  • Understanding the overall property market.  The housing market’s performance nationwide is worth examining. The Land Registry’s report offers a reliable house price index based on actual sales.

What makes a home unusual?

A unique home stands out from the rest in a given area. It can be distinguished by its value, layout, or extravagant upgrades. These distinguishing features set it apart and make it an excellent choice for those seeking a one-of-a-kind living experience.

Here are some features that may make your property unique or unusual:

  1. Unconventional location
  2. Distinctive architectural design
  3. Historical significance
  4. Lack or excess of certain features

These are just some of the elements that can contribute to the individuality of a property. Some may have more or less unique characteristics than others that can make them stand out in the property market.

How do you value a unique property
While unique properties are difficult to value, the most accurate method is to seek professional help with a qualified RICS surveyor.

How do I sell my unusual house?

Selling a unique home can be challenging, but staging can help potential buyers see how the space can be utilised. Creating a floor plan can give buyers a clearer picture of the home’s potential.

Finding an estate agent who knows how to market an unconventional-looking property can also help get the job done. If you are planning to sell your property, here are some tips on how you can market your quirky home.

Who would buy your house?

Unique homes are not for everyone. They attract a specific type of buyer, making it essential to identify and reach them effectively.

Whether your property is luxurious and modern or old and traditional, it will attract different audiences. Understanding the unique selling points of your property will help you sell it successfully.

Take professional photos, including in the evening with the house lit up with lights

Your home’s quirky features are unique selling points that your estate agent will want to showcase. Note that the majority of a buyer’s time is spent viewing the photos.

This is your opportunity to highlight the unique aspects of your property, so make it count. Capture the attention with captivating visuals that showcase the charm and character of your property.

Ensure there are no outstanding repairs

Show off your house’s quirkiness, but do not overlook essential aspects. For centuries-old homes, structural issues can come up which could deter potential buyers. Resolving any survey-related issues is important to maintaining buyer interest and securing a successful sale.

Get expert valuation from a RICS approved surveyor

Determining the price when selling an unusual property can be challenging due to the limited comparable properties available. Ideally you would want to instruct a RICS surveyor to help you come up with a sensible price.

Unusual features can significantly increase property value, and the estate agent needs to factor these in when determining the selling price

Rome was not built in a day

Selling a unique home can take longer than usual. It requires patience in selling process. Rushing into decisions like lowering the price should be avoided.

While these tips can help you sell your unconventional property, there are always uncertainties of buyer changing their mind or lender refusing to lend. To avoid the hassle, sell your unique home to us. We at Property Saviour would gladly buy your house for cash.

Sell with certainty & speed

Who pays for property valuation?

Sellers usually cover the cost of a valuation report to determine a fair asking price.  However for higher end properties, a buyer may instruct their own valuation to help them make an informed decision.

How much does a property valuation cost?

Valuation services from the Royal Institution of Chartered Surveyors (RICS) surveyors can range from £450 to £800, depending on factors such as location, property size, and value. The cost varies based on these considerations and can impact the overall expense of the valuation.

Challenges of selling an unusual property

Living in a unique property can be a wonderful experience, but it might pose challenges when it comes to selling.

Potential buyers could perceive the property negatively for various reasons that could lead to difficulties in achieving a quick sale. Here are some challenges that you may encounter when selling your quirky house.

  1. High Price – Some unusual properties can come with a hefty price tag. These homes are often listed for at least a million pounds, limiting the pool of potential buyers who can afford them unless the asking price is significantly reduced.
  2. Blueprint concerns – Your property’s unique design elements might not appeal to all potential buyers. For instance, if your home is a former windmill with an unconventional interior layout due to its original structure, some individuals may lose interest. The same holds for any distinctive design feature that appeals to a niche market but alienates a broader audience.
  3. Building restrictions – Listed properties come with various restrictions that can affect any future construction work, such as an extension or even historical relevance. These limitations may deter potential buyers who are interested in pursuing construction projects.
Challenges of selling an unusual property
Your property's unique design elements might not appeal to all potential buyers.

How to sell a quirky house?

To sell a quirky house, you need to show its unique features, it’s essential to highlight any quirky features. Unusual characteristics can be a major selling point for potential buyers, so make sure to emphasise them in your property listing photos.

For example, if your house has large windows and high ceilings, these distinctive features should be prominently displayed to attract interested buyers. Similarly, a spacious garden with outdoor working space can be a significant draw for individuals who work from home or nature enthusiasts. By showcasing the unique aspects of your property effectively, you can capture the attention of buyers who appreciate these specific qualities.

Don’t forget to include twilight photos. You are selling the lifestyle as well as the house.

One option is selling at auction however with all upfront fees, delays and uncertainty; it won’t be easy to sell a quirky house but what if you need to sell now?

How do I sell my unusual house?

Sell your unusual house to Property Saviour, we buy houses all sorts of quirky properties for cash. Get in touch with us today. 

Sell with certainty & speed

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