Every house-hunter has their own taste when it comes to interior décor and the features they’re looking for in a new home. However, once you get past someone’s love for puce walls and day-glo crazy-paving, there are some core features that will discourage buyers no matter how – ahem – niche their sense of aesthetics is.
Satsuma Loans recently asked 2,000 people for their top nine turn-offs that will either nix a sale or lead to a lower offer.
Old boilers and clunky old radiators are a major negative – they’re not only expensive to either replace or run, but they’re also a potential hazard to occupants. If someone spots a dodgy-looking boiler, they feel quite justified in asking for £750 off.
You’ll face a similar request if you don’t have double glazing, with offers coming in at £725 below your asking price.
Outdated wiring and bathrooms
Outdated electrics or wiring and avocado bath suites will lose you at least £700 on your asking price.
Beware of mould in the kitchen or the bathroom, as it could cost you up to £500, as could threadbare or particularly grubby carpets or scratched wooden or laminate flooring. If your taps are rusty or just a bit decrepit and leaky you’ll lose up to £270.
In addition to old carpets, a lack of natural light can cost around £450, with insufficient storage options knocking off £360.
You should also pay attention to your garden, as an overrun or messy space will knock off at least £300!
The survey worked out which locations in the UK were the worst for asking price reductions. Gloucester came top of the list, with sellers losing an average £1,100 off the original asking price. Then came Belfast with an average of £1,025, followed by Worcester, Leeds and Leicester.
The moral of this story, it seems, is to look for anything that’s seen better days and to bring it up to date!« Back to Latest News