Two property mistakes have been revealed which could reduce the value of your home by £36,000 and put off buyers. Homeowners have been warned about real estate mistakes that could cause potential buyers to reject thousands of dollars from their offer.
Experts have warned of property “mistakes” that can reduce the value of your home by up to £23,000, based on the average house price of £282,776. Yopa said: “If a garden is shabby, unloved, neglected, untidy and overgrown, it destroys first impressions.
“Sellers need buyers to fall in love with a property the moment they see it, so showing them clutter and chaos can hurt your chances of getting a good offer. It’s estimated that a garden in poor condition can cost between 8.2 per cent to 20 per cent discount on the value of a home, which, even at best, equates to an average loss of £23,188 based on the current average house price of £282,776. “
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They added: “First impressions count. Tidying up your home before potential buyers come to see it is the easiest and most basic thing you can do to achieve the highest possible price. It is estimated that an impeccably presented home can increase the value of the properties. offers by an average of 4.7 percent.
“So if a house looks dirty and you miss out on this extra 4.7 per cent, you’re saying goodbye to a potential £13,290.” Verona Frankish, CEO of Yopa, added: “Selling a home is not always easy and often a lot of work needs to be done on a property to present it well and achieve the best possible price.
“All of these seemingly minor problems can cost you thousands of pounds, but the good news is that, for the most part, they are usually easy to address and rarely cost much to rectify. Just remember, the more welcoming and cared for your home appears to be, the more comfortable and attractive it will seem to buyers.
“A house is worth what someone is willing to pay for it, so do everything you can to make it irresistible.”
