Counting The Cost of Your Home
Why your dog, dodgy home improvements and decor choice could be devaluing your home.
Property experts have revealed that cluttered bedrooms could knock £10k off the price of an average UK home, while an overgrown garden can devalue a property by 20%.
Online local services marketplace Bark.com has teamed with a panel of 20 estate and lettings agents, interior decorators, plumbers and gardeners that advertise their services through the site to create a comprehensive guide to help homeowners secure the highest possible asking price.
While the research revealed that cluttered bedrooms could knock £10,000 off the value of a house, and an overgrown garden can devalue a property by 20%, it found that adding an off-road parking space to a property could boost its value by up to 10% and replacing a dated bathroom suite could earn you £2,500 more when you sell.
The experts also revealed that on average, homeowners in the UK planning a renovation of their property in the next year will spend more than £20,000 on home improvements.
Top buyer bugbears included:
• Evidence of pets
45% of people in the UK own a pet, but buyers won’t necessarily welcome them when they’re viewing your property. Concerns over pet hair, pet odours and the general cleanliness of a house can reduce its value.
• Illegal improvements
A surprising number of people have made home renovations without receiving or even applying for the proper planning permission, but it’s not surprising that this can cause problems when it comes to selling and can even render your home untouchable for buyers.
• Unusual decor
People do judge books by their covers and potential buyers will want to envision the house in their own personal style. While you might love your avocado bathroom suite and parrot-patterned wallpaper, they might not!
• Overgrown gardens
Many people won’t even consider looking inside a house if they don’t like what they see on the outside, but if they do decide to book a viewing, a potential buyer could negotiate a 20% discount for an unappealing exterior.
• Poor parking
Having a parking space is highly sought-after by potential buyers. Not only could it add thousands of pounds to the value of your property but converting your front garden into a driveway provides more space, security and even the opportunity to earn extra income.
Other things that make buyers cautious when looking for a new home include anti-social neighbours, a history of suspicious activity, expensive additions such as solar panels and the performance of local schools.
Superstition can also have a major influence on house prices. Research conducted by Zoopla found that homes at ‘unlucky’ number 13 could be worth £3,900 less than neighbouring properties.
• For more information, visit bark.com