First-time Buyers
A third of homebuyers would not buy home with bad exterior
The average homebuyer takes only 10 seconds to decide if they like a property from the outside, and 35% would not look inside if they were unimpressed.
Over half (53%) admit they would buy a property that had an appealing exterior, even if the inside required extensive improvements, according to a survey by Barclays Mortgages.
The outside of a home could also affect the sales price. 44% of homebuyers would take up to 20% off a property’s asking price due to an unkempt exterior. In London, this would amount to a loss of £107,400, while the UK average is a loss of £57,600 on each home.
Nice gardens most desirable
Some 69% of respondents said a well-manicured garden is the most desirable ‘kerb appeal’ feature, followed by double glazing (60%), parking space (59%), appealing looking neighbour houses (54%) and neighbours having well-manicured gardens (51%).
In contrast, vermin control outside of the property was the most unappealing outside feature with 68% of respondents finding it a deal-breaker.
Others included an unkempt front garden (58%), being close to noisy communal buildings such as pubs (53%), being close to busy transport links (51%) and closeness to fast food outlets (50%).
Style matters
The traditional new build is the nation’s favourite property type with over a third (36%) of people preferring that style.
Victorian houses (29%) and Georgian houses (27%) are also very popular, while uninspiring 80’s homes and Mock Tudor properties were at the bottom of the list with 8% and 9% of homebuyers choosing those styles.