Lack of street ap­peal can be costly

The Weekend Post - Real Estate - - Front Page - BIANCA KEE­GAN

buy­ers were dis­sat­is­fied with the out­side of the prop­erty.

The sur­vey found nine out of 10 Aus­tralians would of­fer be­low a prop­erty’s ask­ing price if the exter­ior was not ap­peal­ing – with house hunters of­fer­ing 13 per cent, on av­er­age, be­low the ask­ing price.

A third of prop­erty buy­ers said they would of­fer 15 to 20 per cent if they were unim­pressed by the exter­ior of a prop­erty. Eight per cent ad­mit they would knock a quar­ter off the ask­ing price when mak­ing an of­fer on a house that looked un­ap­peal­ing from the street.

Money ex­pert at Bessie Has­san warned first im­pres­sions should never be un­der­es­ti­mated.

“Sellers could be left bit­terly dis­ap­pointed with of­fers if the kerb ap­peal of a listed prop­erty is not up to ex­pec­ta­tions,” she said.

Queens­land res­i­dents were the most likely to get de­terred by un­tidy prop­erty ex­te­ri­ors.

“They dis­count their of­fers the most – 15 per cent on av­er­age,” Ms Has­san said.

“Mi­nor tasks such as in­stalling a new fence, paint­ing the front fa­cade, in­vest­ing in a mod­ern let­ter­box, spruc­ing up your out­door path­way or re­plac­ing the front door with a more mod­ern one, can make a sig­nif­i­cant dif­fer­ence.

“A bit of ef­fort can go a long way where dol­lars are con­cerned.”

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.