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New research claims that property owners can boost their home's value by £50,000 in less than 48 hours with just a few simple tricks.
Find-a-tradesperson platform Rated People produced the Home Improvement Trends Report by carrying out nationwide survey over 2,000 Brits and also did Google search analysis of 50+ key interior design trends and home improvements.
It found that a dirty home, clutter and bad smells can collectively knock almost £54,000 off a property’s value.
Three in five prospective buyers (61%) say they’d put in a lower offer if a property wasn’t clean when they viewed it.
Meanwhile, more than 40% (43%) say they wouldn’t even arrange a viewing for a property if it looked unclean in photos.
Bad smells, scuffed paintwork and an unclean bathroom can now knock almost £30,000 off a home’s value.
However, pandemic improvements like garden offices, home gyms and bars are now among the most lucrative home improvements for 2021, adding almost £25,000 to the value of a property.
The report found that mess and clutter inside would see an offer decrease by an average of £9,290. A dirty bathroom would now reduce a home’s value by £8,966, and rubbish or debris in the front garden would take off £8,964.
Bad smells inside, often a sure-fire way to make a bad first impression, would also result in almost £9,000 being taken off a home’s value.
An unclean kitchen would reduce the price by £8,882 and dirty and stained furnishings would knock off £8,849 from a property’s value.
These types of issues could easily be fixed within a day or two, either with a bit of elbow grease or by getting the professionals in.
By getting them sorted prior to selling, offers are likely to be £53,897 higher than if the issues weren’t fixed.
The top five issues most likely to devalue your home in 2021, and how much they’d knock off, were signs of damp/mould (£9,571), cracks in walls (£9,495) mess and clutter inside (£9,290) scuffed paintwork and marked walls (£9,254) and double glazing £9,144.
Meanwhile, the top five home improvements that now add the most value are a self-contained annex (£14,385), loft conversion (£12,951), kitchen extension to create a large kitchen diner (£11,514), a newly renovated kitchen (£10,649) and a summerhouse/garden room (£9,188).
Adding a home gym will also add £8,004 to the value of your property, while an office adds £7,630.
It seems the coronavirus pandemic has also boosted the needs for home pubs, with a garden bar adding £6,687 to your property value, while one inside the home adds £6,575.
Adrienne Minster, CEO at Rated People said: “We wanted to discover how the last year has impacted homebuyers’ priorities and to find out what they’re now looking for from their properties in a post-pandemic world.
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"Given our increased emphasis on hygiene, including washing hands, social distancing and cleanliness in general, it’s easy to see why a messy or dirty home can spoil your chances of securing a good offer if you’re looking to sell.
"Yet, it’s still surprising to see just how much these types of issues will now affect the value of your home."
She added: "It’s also no surprise that some of the things that have helped to enhance our lives over the past twelve months, like outdoor entertaining areas, home offices, and ways to create more flexible living, are now more valuable than ever to homebuyers."
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