Property Turn Offs Are Good News For Property Investors

Property Turn Offs Are Good News For Property Investors

The Top 20 Property Turn-Offs
That Are Good News For Property Investors 

There are a number of obvious things that can put the general public off buying a property including damp, rotten windows and lack of a garden among the list of deal breakers for potential property buyers.

A survey by popular comparison website gocompare.com found that 70% of potential property buyers would not buy a property which had damp patches or stained walls or ceilings, 63% were put off by properties in a poor state of repair and 15% were put off by clutter.

Properties with problems are good news for landlords and property investors, as they have experience of rectifying issues in order to turn a profit and problems mean discounted sale prices, allowing equity to be locked into the deal from the start.

Generally, ordinary home buyers are afraid to spend money on issues that they know nothing about, however landlords and property investors can see beyond the solution and realise potential profit by fixing the issues that put off everyday home buyers.The Top 20 Property Turn-Off’s Identified By The General Public Are:

  1. Damp patches, stained walls and ceilings – would put off 70% of home buyers
  2. Property in poor state of repair e.g. rotten windows – would put off 63% of home buyers
  3. No garden – would deter 57%of home buyers
  4. Bad smells, including pet odours, cigarette smoke, damp and food – would put off 56% of potential home buyers
  5. No parking – would put off 56% of potential home buyers
  6. Poor natural light, dark rooms – would deter 54% of home buyers
  7. Unfinished building work – 54% of general public would be put off
  8. Small rooms – 51% of home buyers put off by this
  9. Small kitchen – 44% of general public would be put off
  10. Bad DIY – 43% of home buyers put off by this
  11. Dirty house – 37% of home buyers put off by this
  12. Stone cladding, render or pebble dash on outside walls – 31% of potential buyers deterred
  13. Outdated bathroom – 25% of home buyers put off by this
  14. Outdated kitchen – 25% of home buyers put off by this
  15. Artex or textured ceilings – would deter 18% of general home buyers
  16. Plastic windows – would deter 18% of home buyers
  17. Overgrown garden – would deter 16% of the general public
  18. General untidiness – 16% of home buyers put off by this
  19. Cluttered rooms – 15% of home buyers put off by this
  20. Dated or over the top décor 14% of home buyers put off by this

What the general public see as a potential problem may put them off purchasing property but property investors can see past such issues and problems identified prior to purchase can be rectified easily and the property can be made ready to rent or sell on very quickly

 

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