Our doors may be closed, but we’re still here for you. In line with government advice on the outbreak of Coronavirus (COVID-19), all our Martin & Co branches will be temporarily closed until further notice. The health and safety of our staff and customers is, of course, our number one priority. But while we might not be able to see you, we are still here if you need us. The Martin & Co teams are all working remotely, ensuring we can provide continuous support for all our customers. Please email your nearest branch directly through the website and, most importantly, stay safe and healthy during these difficult times

A scruffy exterior knocks over £50,000 off an asking price, claims bank

A scruffy exterior knocks over £50,000 off an asking price, claims bank

A poor exterior of a property on sale knocks an average £57,600 off the price that a home fetches from fast-deciding purchasers, according to research from Barclays.

It claims that the majority of house-hunters take just 10 seconds to decide whether they like a property from the outside - making kerb-appeal more important than ever. 

Some 35 per cent of property buyers make their decisions purely on a home’s exterior and won’t even venture inside if they’re unimpressed, claims the bank. The same research suggests 53 per cent admit they would buy a property that looked appealing on the outside, even if the interior needed extensive redecoration.

Almost half of homebuyers would take up to 20 per cent off a property’s asking price if an exterior was not appealing, with homes in London losing as much as £107,400 in resale value. On average the UK loses £57,600 on each home sold because of an unkempt exterior.

Predictably, some of the off-putting characteristics revealed in the research include not only a scruffy garden but close proximity to a pub and nearby fast food shops. 

A well-manicured garden, the presence of double-glazing, a neat neighbourhood and of course parking were all positive points.

Article courtesy of Estate Agent Today | Sign up for Estate Agent Today newsletter | Get this news on YOUR site!