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Promoted by HomeVault.
An annual subscription to MyHomeVault provides homeowners the ability to add value to their property from day one. And it gives them the competitive edge.
The property market is turbulent right now. Price growth has slowed, sales volumes are trending lower, while listings continue to rise.
Potential buyers are taking their time, meaning properties are taking longer to sell. At the same time, interest rates are increasing, meaning buyers may have their borrowing capacity limited if they wait too long.
Competition is at an all time high. Not only for homeowners and potential buyers, but for the industry as a whole.
Because MyHomeVault has been designed to add value, and transparency to the property life cycle, it’s an instant asset that can be offered to vendors to help them stand out from the crowd.
For only $9.99 per month (or $8.33 on the annual plan) homeowners can begin filling out their home vault with critical information about the property. Think of it as the home ‘log book’ or the ultimate owner’s manual.
Each room or space within the property is documented or logged within the app with visuals and relevant documentation. From floorplans to recent renovations, paint colours, custom fixtures, appliances and warranties.
“Features have been designed to help maintain and enhance the value of the property,'' says Mindy Mindy Powell Hodges, COO of MyHomeVault.
“If you found two houses in the suburb you wanted and one had a MyHomeVault account and one didn’t, I can guarantee the one with the vault is going to give you more confidence” she says.
“After all one of the biggest things we buy in our lives is a home. MyHomeVault provides people with the assurance they need that they are making the right decision”.
In fact more than half of agents interviewed by MyHomeVault said that keeping home records up-to-date was the biggest pain point during the sales process and with more information about a home, buyers would be more confident to purchase.
With MyHomeVault the selling process can be streamlined and shortened as relevant documentation can be shared with agents at the touch of a button via email or SMS.
Users can easily upload zoning and property certificates, land documents including easements and drainage diagrams to the app without the need for google drives, dropbox folders or multiple email threads.
In addition to legal documentation, users can upload history about recent home improvements, completed or ongoing maintenance tasks including the company or individuals who completed the work and their contact details.
“After interviewing specialists in the field almost 30% of them said knowing the contact details of tradespeople that had completed works on a property were essential to the smooth transition of selling a property.” says Ken Aoyama, CTO of MyHomeVault.
Verified recommendations are really important when it comes to trade contacts, says Mr Aoyama. “People prefer recommendations over finding companies online as the price can fluctuate so much and they want to ensure they can rely on the work being completed on time and on budget.”
MyHomeVault will eventually offer a network of highly vetted tradespersons with live data on the projects they have completed including reviews from other users and a rating system.
With prospective buyers becoming more and more discerning it is going to be details like this that win out in the end. MyHomeVault will not only allow prospective buyers an opportunity to look under the ‘hood’ of the property but set them up for the future.
The added value and service level that it provides will become vital not only for homeowners but for those working within the industry that want to stand out from the competition.
An annual subscription also makes a lovely settlement gift too - just saying.
Download now from the App Store or Google Play
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