Dozens of details combine to determine how attractive a home is to prospective buyers - including some that many sellers are oblivious to.
Kevin Shaw, national sales director at property specialist Leaders, says: “Great local schools, a south-facing garden and good transport links are often listed among the most attractive features of a property - but there are many more factors that have a positive impact on its appeal and perhaps its price.
“From shops to restaurants and even the name of a road, plenty of things affect how a property is viewed by buyers, which just goes to show sellers should seek professional guidance when it comes to putting their home on the market to ensure they realise its true potential.”
Kevin has identified five things that surprisingly add value to any home:
• Proximity to a supermarket
A house close to a large supermarket is typically worth thousands of pounds more than a similar property elsewhere. What’s more, the price can be even higher if the store in question is an upmarket brand such as Waitrose or Marks & Spencer. The convenience of having a major store nearby is highly valued among buyers.
• A leafy outlook
Tree-lined streets and green views are loved by buyers. Take any home from an industrial landscape and place it in a leafy suburb and it is almost certain to rise in value. Even in roads with no obvious foliage, homeowners can make their property more appealing by planting trees and bushes. It really does make a difference.
• A Michelin star makes the difference
Brits have become obsessed with food. From cookery shows on television to baking at home and, most importantly, eating out, food is a big deal. Studies show those who own a home close to a Michelin-starred restaurant typically achieve higher prices when selling.
• There’s money in an address
It might not sound like a crucial detail, but the address of a property can have a huge bearing on its value. Recent research by Zoopla found homes with Street, Court and Terrace in their addresses were the cheapest of all, while those in a Warren, Chase or Mount are on average at least twice as expensive.
The benefits of being close to main roads, train stations and airports are well known, but being in a position to walk as often as possible can also be extremely attractive to buyers. Being able to stroll to work, local shops, school and the park can ensure a home is in high demand.
For more information on selling, letting, buying or renting property in the UK, please contact your local Leaders branch.