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Would a murder or paranormal activity put you off purchasing a property?
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
New research has revealed the most common turnoffs for Brits looking for a property to purchase.
This research from regulated property buyer Good Move shows that over half (58%) of those involved with its survey would be put off purchasing a property if there had previously been a murder at the property. 44% would reject a house if there had been reports of paranormal activity.
However, more practical issues seem to be higher up on their list of concerns, such as a shared garden (73%), signs of damp (75%) or cracks (73%) and having a short leasehold remaining (76%).
The biggest red flag for those looking to buy is noisy neighbours, with a huge 85% of people saying this would put them off purchasing a property.
The top 10 issues putting house buyers off purchasing a property:
- Noisy neighbours (85%)
- Short leasehold remaining (76%)
- Signs of damp (75%)
- A shared garden (73%)
- Signs of cracks on the walls (73%)
- Front Door opening onto a main road (70%)
- No parking (69%)
- No garden (66%)
- Smelly (63%)
- Busy or high-speed roads nearby (62%)
Over 40% of UK house buyers may have admitted that they would not be put off by the fact that a murder took place onsite, but this would cause them to expect a discount of almost a third (32%) of its market value.
The research also highlighted that buyers would expect a 30% reduction if there had been reports of paranormal activity…
The top five features that buyers would expect the biggest discounts for are:
- Existing tenants (34%)
- Murder (32%)
- Paranormal Activity (30%)
- Pets left behind in the property (26%)
- Being next door to a cemetery (25%)
Ross Counsell, director at Good Move, said: “Although everyone has a different idea of the perfect home, it’s clear from our survey that certain things will put off most people.
“On the bright side, some of these put-offs are easy to address, so if you are looking to sell your house, make sure you sort out small things like cracks and damp.
“These little actions can make a huge difference and help you to make your house more attractive to buyers.”
