Lack of street appeal can be costly
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 finder.com.au 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.”