Even though there is considerable demand for property at the moment, with supply not matching demand, homeowners cannot afford to become complacent.
Buyers still want to find great value for money when they look for a home. It is true to say some buyers will accept compromise when it comes to finding a home, but they aren’t going to settle for a home that doesn’t meet their needs.
Therefore, you need to know what buyers want, and what they are unwilling to accept.
At Austin Property Services, we are pleased to say we are highly experienced in connecting homeowners with buyers. We know the things buyers desire in a house, and we know the issues that see buyers deciding against making an offer on a home.
We help you make informed property market decisions
We also stay in touch with the latest market studies, ensuring we help you in making informed decisions at all times.
A study by designer radiator specialists, BestHeating, which spoke to more than 2,000 people, found the issues which put people off when looking at a home.
The following reasons were cited:
63% of prospective buyers said structural issues put them
62% of potential buyers are put off a home by damp
57% of buyers say mould puts them off buying a house
52% say cracks are the factor that turns them off making an offer on a home
51% of buyers say leaks are the factor that stop them desiring a house
46% of potential buyers are put off by neighbours
27% of buyers are thwarted by the layout of the house
10% of buyers are put off by the décor of the property
People want to be certain when making a major commitment
John Lawless, content marketing manager of BestHeating commented: “Buying a house is the biggest commitment you can make so it is interesting to see that we appear to favour moves to less populated areas rather than the liveliest and most inhabited cities like London or Birmingham where Brits really don’t want to live. As seen by the desire to live in either York or Bath, we want space and greenery for our homes but would also like to be somewhere with history so that it strikes the right balance between not being too busy but being well known.”
John concluded by saying; “It is vital that when looking for the next property that you do all the correct checks as the last thing you want is a financial headache later when you find out that the house you thought was perfect has lots of problems. Remember, no issue is too small to question even if it is that the neighbours are nosey.”
Contact Austin Property Services for all your housing market needs