Fittings and fixtures may seem like small details, but those details can be crucial when purchasing, selling or renting. Choosing the right ones for your home will improve the functionality, aesthetics and value of your property in a competitive housing market. Every situation is different, but we’ve outlined a few important things to consider below:
Building: If you’re building a home for your future, deliberating over your fittings and fixtures and how they fit your lifestyle and personal taste is the most important detail. Futureproofing your home with timeless and durable design will also reduce the need for repair and help if you or your family ever choose to sell the property.
Selling: Just as it’s essential to read over all documentation before purchasing a property, it’s crucial to outline the fittings and fixtures included to avoid any confusion. Fittings and fixtures can improve your selling price in many ways. For example, well picked and placed lighting can enhance the appearance of your home and the perceived size, pushing up the price. Additionally, showing servicing and maintenance records for any fixtures or fittings can improve valuation and give potential buyers more confidence in their purchase. Branded items can make a difference as well, purely based on the outward perception of those brands. Choosing well-known quality branded fixtures and fittings can increase the perceived value of your home.
Renting: Fixtures and fittings can also drive up your asking price on rentals, with simple things like modern showerheads, vanities and ample storage space attracting higher prices. However, it is worth noting that you may want to consider the longevity of your fittings and fixtures through frequent use versus the upfront price of purchasing and installing them. Choosing quality brands of fixtures and fittings can increase the perceived value of your home and, therefore, may allow you to ask for a higher weekly rental price from your tenant.
Buying: Unless stated otherwise, a property will generally come in the state it is sold, but some properties may be staged or stipulate the removal of certain items. When purchasing, carefully read over all contracts and documentation to clearly understand what your purchase includes.