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Can't sell? - Take a look next door
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ioscorpio
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Can’t sell? - Take a look next door
If you're having trouble selling your near-perfect home, you could blame the neighbours - as the state of their home, not yours, could be putting off potential buyers.
According to Yorkshire Bank's latest housebuyers survey, one in three people (34%) would be put off buying a property if the house next door looked in a state of disrepair or had an overgrown garden. A further one in five (22%) would turn their noses up at a property that was otherwise perfect in every way if there was an unusual smell.
Gary Lumby, head of retail at Yorkshire Bank, said: "When selling their home, most people think of giving it a spruce up so it looks its best for potential buyers. However, our research shows sellers should try giving their neighbours a nudge to do the same."
"Buyers are becoming increasingly fussy, with many now put off buying before they've even stepped foot inside a house. Remember, to the buyer, the exterior of your neighbour's house is a reflection of their personality and any laziness will certainly show through!"
"Our research shows that first impressions really do count and demonstrates the validity of the belief that the smell of fresh coffee or baking bread greeting buyers as they walk into your home really could make all the difference when trying to sell. The smell of stale smoke is a big turn off."
Buyers in the South West are the nation's fussiest with one in two (47%) saying an untidy neighbouring property would put them off and two in five (30%) admit a bad aroma would make them look elsewhere.
DIY dilemma
Naturally it's not just the neighbour's house that buyers want to be perfect, but also the house they are buying. One in three (31%) would like to buy a home they could move straight into, without the need for any DIY work. However, one in five (20%) would look to buy a house that needed lot of work doing to it in the hope of adding value.
Gary Lumby said: "It is perhaps no surprise that buyers are preferring to buy properties that need no work. Rising house prices in recent years have stretched the purse strings of buyers to such an extent that there is now less to spend on DIY or bigger improvements. As a result, the ideal solution for many is to buy a property that needs minimal changes."
Can’t sell? - Take a look next door
If you're having trouble selling your near-perfect home, you could blame the neighbours - as the state of their home, not yours, could be putting off potential buyers.
According to Yorkshire Bank's latest housebuyers survey, one in three people (34%) would be put off buying a property if the house next door looked in a state of disrepair or had an overgrown garden. A further one in five (22%) would turn their noses up at a property that was otherwise perfect in every way if there was an unusual smell.
Gary Lumby, head of retail at Yorkshire Bank, said: "When selling their home, most people think of giving it a spruce up so it looks its best for potential buyers. However, our research shows sellers should try giving their neighbours a nudge to do the same."
"Buyers are becoming increasingly fussy, with many now put off buying before they've even stepped foot inside a house. Remember, to the buyer, the exterior of your neighbour's house is a reflection of their personality and any laziness will certainly show through!"
"Our research shows that first impressions really do count and demonstrates the validity of the belief that the smell of fresh coffee or baking bread greeting buyers as they walk into your home really could make all the difference when trying to sell. The smell of stale smoke is a big turn off."
Buyers in the South West are the nation's fussiest with one in two (47%) saying an untidy neighbouring property would put them off and two in five (30%) admit a bad aroma would make them look elsewhere.
DIY dilemma
Naturally it's not just the neighbour's house that buyers want to be perfect, but also the house they are buying. One in three (31%) would like to buy a home they could move straight into, without the need for any DIY work. However, one in five (20%) would look to buy a house that needed lot of work doing to it in the hope of adding value.
Gary Lumby said: "It is perhaps no surprise that buyers are preferring to buy properties that need no work. Rising house prices in recent years have stretched the purse strings of buyers to such an extent that there is now less to spend on DIY or bigger improvements. As a result, the ideal solution for many is to buy a property that needs minimal changes."
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