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Do you know what turns buyers off properties and what attracts them? It may not be what you think it is.
Sellers often think they need to spend thousands upgrading the kitchen or bathroom, but they are better off making small improvements instead.
According to a national survey conducted by Pureprofile for Mozo.com.au, dated kitchens and bathrooms do not make the top five list of buyer turnoffs, falling behind lack of parking, mould, dark rooms, no outdoor space and small rooms.
Mozo property expert Steve Jovcevski said sellers should focus on improvements such as damp and lightning if they want to stop potential buyers from walking away.
“Our research shows that outdated kitchens and bathrooms are a turnoff for just three in 20 potential buyers,” Mr Jovcevski said.
“This isn’t too surprising given a lot of buyers like to add their own style to a space, so an unrenovated kitchen or bathroom could be a drawcard for them.”
Buyers, however, care about space. Mr Jovcevski suggested decluttering, painting the walls white and removing bulky furniture to make small rooms appear bigger.
He said sellers have to consider their market before putting a property up for sale.
“Only make the changes that will drive up value for those most likely to be interested in your home.”
Pureprofile surveyed 1,002 Australians aged 18 years and above in September to compile its top ten list.
Top 10 buyer turnoffs
- No parking (59%)
- Damp /mould (50%)
- Dark rooms / poor natural light (34%)
- No outdoor space (28%)
- Small rooms (16%)
- Dated / unrenovated kitchen (16%)
- Dated / unrenovated bathroom (15%)
- Lack of storage (14%)
- Flooring needs to be replaced (12%)
- No laundry (11%)
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