Embracing new beginnings and change are all part of life’s journey. As we evolve, so do our needs and aspirations, and it’s only natural that our homes should adapt to reflect these transformations.
If you’ve reached a point where your current home no longer aligns with your changing lifestyle, it may be time to consider a different path, like building a new custom home.
However, ensuring that your custom build home matches your lifestyle starts with your approach to how you sell your house.
Understanding the intricacies of navigating the ever-shifting real estate market will benefit the journey from selling your house to building your dream home will ensure that the process is seamless and rewarding.
In this blog, you’ll gain valuable insights and practical guidance, focusing on empowering you to sell your house strategically and embark on the next chapter of your life.
The current housing market landscape
The New Zealand housing market has changed dramatically in recent years. In the past, sellers had the upper hand, with buyers often competing for properties in hot markets.
However, the market has cooled in recent months, with prices falling and buyer demand slowing. This has created new challenges for sellers, who must now be more strategic in their home selling approach, which includes understanding the impact of economic factors and buyer preferences.
The economic factors that are impacting the housing market include:
- Rising interest rates: Interest rates have been rising recently, making it more expensive for people to borrow money to buy homes.
- Inflation: Inflation is rising, which is reducing people’s spending power.
- Buyer preferences are also changing, with more people looking for affordable, energy-efficient homes located in walkable neighbourhoods. Sellers catering to these preferences will be more successful in selling their homes.
Strategies to help sell your house
In the face of any challenge, the key to overcoming is planning and strategy.
In today’s evolving housing market, strategically selling your home can significantly impact the home you’ll later build.
Here are some tips to help:
- Pricing homes competitively: Sellers need to price their homes competitively in order to attract buyers. They should also be prepared to negotiate on price.
- Making your home visable to the market: Sellers need to use effective marketing strategies to reach potential buyers, like using professional photography, virtual tours, and well-crafted descriptions that will capture buyers’ attention and generate more interest.
- Providing excellent customer service: Sellers need to align with reputable real estate agencies who can provide excellent customer service to potential buyers. Check Google reviews or ask friends for feedback on the best agents in your area.
By adapting to the changing landscape of the housing market, sellers can increase their chances of selling their homes successfully.
Consider your new home
How closely your new custom home aligns with your lifestyle depends on how well your adapt to the housing market in order to get the most out of your current home.
Part of this also includes partnering with a custom home builder early in the process, before you even sell your house.
Engaging with a builder early allows them to consider the market value of your current home and provide insights into what you might be able to expect to get out of it.
Their expertise can help you make informed decisions about renovations or updates that could potentially increase your home’s value, providing you with more resources to invest in your new custom home. By leveraging their market knowledge and design expertise, you can optimise your financial position and set realistic expectations for your custom home project.
A good custom home builder will guide you through the entire process, from assessing your current home’s market value to designing and constructing your new dream home.
They will work closely with you to understand your lifestyle, preferences, and budget, translating your vision into a well-designed, functional, and personalised living space.
How Cambridge Homes can help
In today’s housing market, strategic selling is essential for maximising your resources and creating the home of your dreams. By understanding the changing dynamics, pricing competitively, and using effective strategies, you can increase your chances of selling your home successfully. Additionally, partnering with a custom home builder at an early stage allows you to capitalise on your current home’s market value and make informed decisions to enhance its potential.
At Cambridge Homes, we specialise in crafting custom homes that reflect your unique lifestyle and aspirations. Our experienced team will guide you through every step of the process, starting with selling your house.
Contact us today to start your journey towards selling your home and building a better one.