Factors which can have an impact on your home's value

August 17, 2016 by Brendan O'Neill

Advice & Tips

There are many factors which can affect the value and saleability of a home, potentially adding or reducing the value of a property. However, there are some factors which are slightly more unusual, which you may have to consider when selling your home.

Most people realise that having pets which are smelly or intimidating can put off potential buyers, but did you know that having children who are messy can also knock value off your house? According to research conducted by ING Direct, an untidy children’s room can knock off £8,000 from the value of your home.

The number of your home can also impact on the value, with even numbers selling for £6,500 less than other homes on the street. A study by Zoopla also revealed that homes with an odd number will sell for an average of £538 more than even numbered properties.

If you live near a local pub which is noisy and has people leaving late at night, you may lose money on the value of your home. However, if you live close to a local which serves craft ale and lunches, you may find that your home sells for more. Your neighbours may also affect the price of your property, with noisy or anti-social neighbours costing you up to £31,000 off your property.

If you are considering buying a house and would like to know what to look for before making an offer, speak to your mortgage adviser, as they have had CeMAP training and will be able to advise.