Inheriting a property can be both a blessing and a challenge. On the one hand, it can be a valuable asset – for many people it’s what enables them to get on the property ladder or clear a mortgage – but it can be complicated. Getting the house ready for sale is one thing, but there may well be emotional challenges to work through too.
In this article we’ll look at some of the key steps to getting the house ready for sale, so you can at least feel more in control of the practical side of things.
Assess the situation:
Before you rush into anything, take some time to consider the bigger picture including deciding for sure that you want to sell and factoring in everyone’s opinions and feelings. From here you can build a timescale. This is hard as while everyone wants to know the answer to the all important question, how long after probate is granted can you sell the house, it can be very hard to predict how long the process will take. Assume the worst and give yourself plenty of leeway.
Look at the property condition:
Inherited properties may have been unoccupied for some time, or may have belonged to elderly relatives who were unable to keep up with maintenance, so your first step is to take an honest and unblinkered look at where you stand. Walk through the property with a critical eye and note any repairs that need to be addressed, including obvious issues such as leaky roofs, outdated wiring or damp as well as the more minor cosmetic changes like repainting walls, replacing worn carpets or updating fixtures. Small changes can often make a big difference.
Clear out personal items:
Inherited homes are often filled with the personal belongings of the previous owner and while you may hate the idea of disturbing them or getting rid of anything, it’s important to declutter the space before listing the property for sale. Potential buyers need to be able to envision themselves living in the home, and personal items can be distracting. Consider moving some things into storage temporarily if you feel you need more time to sort through them properly, although be wary of falling into the storage trap and paying the store things for years that could have been dealt with quickly at the time!
Do a deep clean:
This step isn’t the most fun, but a clean, fresh-smelling home creates a positive first impression and helps potential buyers feel more comfortable as they look around. If you can’t face it yourself, it might be worth investing in a professional cleaning company for the day. They will be much more efficient than you as they will have all of the specialist equipment and can bring multiple staff members to blitz the house. Don’t forget the outside too – a gardener might be a good investment and cleaning the windows is vital.
By taking these steps, you can maximise the value of your inherited property and navigate the selling process with confidence.
Disclaimer:
CBD:
Qrius does not provide medical advice.
The Narcotic Drugs and Psychotropic Substances Act, 1985 (NDPS Act) outlaws the recreational use of cannabis products in India. CBD oil, manufactured under a license issued by the Drugs and Cosmetics Act, 1940, can be legally used in India for medicinal purposes only with a prescription, subject to specific conditions. Kindly refer to the legalities here.
The information on this website is for informational purposes only and is not a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of your physician or another qualified health provider with any questions regarding a medical condition or treatment. Never disregard professional medical advice or delay seeking it because of something you have read on this website.
Gambling:
As per the Public Gambling Act of 1867, all Indian states, except Goa, Daman, and Sikkim, prohibit gambling. Land-based casinos are legalized in Goa and Daman under the Goa, Daman and Diu Public Gambling Act 1976. In Sikkim, land-based casinos, online gambling, and e-gaming (games of chance) are legalized under the Sikkim Online Gaming (Regulation) Rules 2009. Only some Indian states have legalized online/regular lotteries, subject to state laws. Refer to the legalities here. Horse racing and betting on horse racing, including online betting, is permitted only in licensed premises in select states. Refer to the 1996 Supreme Court judgment for more information.
This article does not endorse or express the views of Qrius and/or its staff.
Stay updated with all the insights.
Navigate news, 1 email day.
Subscribe to Qrius
