What puts potential buyers off?
If you’re looking to sell or rent out your house, what would you consider the biggest potential problems that might put people off?
New research shows that the number one offputting factor for people looking for a new home is, perhaps unsurprisingly, the risk of having the ‘neighbours from hell’.
Nasty neighbours not wanted
Most people have suffered with less than perfect neighbours at one time or another and the thought of buying a house next to a loud, obnoxious or just annoying household is enough to put most people off a property – no matter how perfect it seems otherwise.
Unfortunately, this is the one factor that isn’t under the control of the vendor – we can’t choose our neighbours, after all.
Research from mortgages and secured loans broker Ocean Finance shows that having to put up with poor neighbours is the most offputting factor about potentially buying or renting a property, with results showing that more than half of us would be put off a particular home by them.
Fixable versus unfixable
However, it’s not only the insurmountable problem of having the neighbours from hell that discourages would-be home buyers. The research also shows that people are pretty savvy and forward thinking when it comes to viewing properties and looking for possible flaws. For example, just 4% of us are put off by a messy or overgrown garden. Presumably this 4% really hate gardening, as it’s something that’s simple enough to put right should you move in.
However, a quarter would be put off by the garden being in a similarly poor state next door – and this would be something that would be very difficult to fix. It could also suggest to buyers that the neighbours may not look after their house very well either, which could have an impact on the health of the property they are thinking of buying. At the very least, an untidy garden is aesthetically displeasing and outside of the control of the new tenant/owner.
What else puts people off?
Closely following noisy neighbours comes the scourge of visible mould in the house. This would, quite understandably, upset nearly half of us and put us off moving in. Other offputting factors listed by respondents included lack of central heating, unpleasant whiffs (smoke or animals), shabby communal areas in flats, lack of double glazing, unfinished decorating and properties being in a poor state of repair in general.
All of these seem quite obvious, but perhaps more bizarrely, stone cladding would annoy 7% of us and a brown or green bathroom suite would put off 4% of us (equivalent to 2 million people). There’s an easy lesson there if you’re looking to sell or rent out your house – stick with a white toilet!