Are you currently considering moving house? It’s understandable to be wary given the current climate and the volatility of the property market.
Research has found that houses drop in value as soon as two weeks after they’re put up for sale – and now isn’t a good time to lose out financially.
There are lots of factors that can influence how close you get to your asking price, not least the accuracy of your valuation. A recent study by home storage designer Hammonds Furniture has shown that some are more surprising than others, however.
Discover what buyers are looking out for below.
What features are off-putting for house buyers?
Are there certain sights that would push you out the door at a property viewing? The Hammonds Furniture report discovered that mould, pest infestation and old electrics are the worst offenders and could knock as much as 20% off in value.
Other common buyer complaints include messy gardens, ugly decoration, holes in walls, pet smells and weak showers. Interestingly, these are all issues that should be relatively quick and easy to rectify.
But what about those that are out of your control? Messy or loud neighbours, nearby pubs and rude street names can all turn people away. More surprisingly, some are even deterred by swimming pools and hot tubs.
What features would buyers pay more for?
At the other end of the scale are the features you’ll want to make the most of. Outside space tops the list, which is perhaps to be expected given people’s experiences in lockdown. A good-sized, well-maintained garden can add a massive 25% in property value.
Garages, conservatories and loft conversions are also priorities as buyers look for ways to make the most of their available living space.
New windows, solar panels and underfloor heating can seal the deal too. Less important are log burners and smart meters, though these features can still sway some potential buyers.
Quick ways to make your property more appealing
The study backs up several simple and well-known ways to sell your property at the best possible price.
First impressions are everything on house viewings, so a thorough tidy up and a lick of paint inside and out can be crucial in keeping people interested. It’s also smart to take care of any obvious repairs, such as filling in holes in walls and replacing cracked tiles and light bulbs.
Knowledge is power, and gathering information buyers could want ahead of time can help to keep them from going cold. That includes running costs, council tax bands, local transport links and so on.
And with people comparing hundreds of properties online on tiny screens, taking high-quality photos is worth the effort to help yours stand out.
Have any of the results above made you reconsider your selling strategy?