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Issues That Affect House Prices Which Are Out of Your Control

Issues that affect house prices

Understand what property buyers want from homes in the UK, and selling your own home shouldn’t be too difficult. Or so you might think. According to a study by My Home Move, many house buying priorities may be out of an owner’s control.

Does this mean that getting your home in great shape is a waste of time? Of course not. But it does mean that there might be a price cap on your property that is almost impossible to raise.

More than half of the respondents in the survey revealed they had bought a home simply because they fell in love with it. This subjective approach isn’t all that surprising. After all, we develop a very emotional bond with the place we call home.

But what makes someone fall in love with a property?

It might surprise you to learn that buyer love is rarely generated by a stunning kitchen or a converted garage. Various external factors play a bigger role, at least according to My Home Move. Here are a few of the most common issues that affect house prices.

Location

Issues that affect house prices

Location is still the most crucial factor driving house prices and demand. According to the survey, 58% said location was the single most important issue. In many cases, proximity to a place of work was key. But also important to home buyers are the proximity of local schools, transport links and public services.

Financial issues

The second most important factor related to house buying decisions was fiscal responsibility. Does the asking price reflect the current market conditions? Does the property offer long-term investment opportunities and growth potential? How much will need to be spent on maximising the property’s value potential?

The neighbours

Sadly, you can’t really choose your neighbours — regardless of how much you’d like to. One of the questions most house buyers will ask during a property viewing is: What are the neighbours like? And if you can’t talk about them in glowing terms, you might be at a disadvantage.

Issues that affect house prices — nuisance neighbours

While there are certain legal opportunities at your disposal, dealing with nuisance neighbours takes time. And if lawyers are involved, it also takes a lot of money. But at the end of the day, who lives next to you is out of your control.

If you’re struggling with nuisance neighbours, the value of your home could be affected. And selling it may take a lot longer than you initially bargained for. That’s where we come in. SellPropertyFastCash is a national house buying company that cuts out much of the hassle and stress of selling property. Sell your home directly to us in a matter of weeks — and leave the problem of nuisance neighbours to someone else.

Factors you can control

Thankfully, respondents in the My Home Move survey identified a good garden as a top priority. And although you can’t do much about the space you can offer, you can ensure your gardens are attractive and functional.

And then comes all the other stuff. Everything from the number of bedrooms your home has to its general condition affects both price and demand. Issues such as mould, historical movement, unsatisfactory searches and energy efficiency all contribute to your home’s value. Crucially, they’re all very expensive to rectify. If you’re not planning on staying in your home for the long term, cutting your losses by selling up may be the best option.

If you want to sell your home as fast as possible — leaving someone else to deal with its issues — we can help. Contact us to discuss your house selling requirements, and you won’t need to worry about what buyers on the open market are looking for.

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