Four out of five homebuyers would consider reducing an offer if they found maintenance issues when viewing a property.
The insurer’s poll found that poor maintenance could knock 14% off a house price, the equivalent of more than £40,000, based on current UK house prices.
Loose roof tiles, blocked drains, cracks in walls and unserviced boilers were among common concerns from would-be buyers.
However, three in five residents admitted delay dealing with minor maintenance issues in their own homes.
m a survey of 2,000 UK adults conducted by insurer Aviva.
It reveals more than half of viewers (54%) would “definitely” reduce an offer, while a third (32%) would possibly do the same.
A further 7% simply wouldn’t make an offer at all, if they discovered problems while viewing.
The insurer’s poll found that poor maintenance could knock 14% off a house price, the equivalent of more than £40,000, based on current UK house prices.
Loose roof tiles, blocked drains, cracks in walls and unserviced boilers were among common concerns from would-be buyers.
However, three in five residents admitted delay dealing with minor maintenance issues in their own homes.
Commenting on the research, Joanne Richards, senior area director for Connells, said: “During 2022 across the Midlands, demand and house prices have remained high, with properties so far this year achieving 101% of the asking price.
“However, breaking that down we do see that properties that have been maintained to a high standard, both internally and externally, genuinely tend to achieve the best results with offers being generated at asking price or higher.
“Those that have not been maintained to a high standard are the ones that potential purchasers will try to negotiate on price, either at the point of offer or during the transaction, particularly after a survey. Offers will and can be reduced to reflect works required.”
Home maintenance issue
|
Percentage of home-viewers who would find this off-putting
|
Signs of damp or dry / wet rot
|
65%
|
Cracks in the walls / ceilings
|
59%
|
Loose or missing slates / roof tiles
|
46%
|
Blocked drains
|
44%
|
Draughty or unsecure windows / doors
|
43%
|
Unserviced / out-of-date boiler
|
41%
|
Loose / overflowing guttering
|
35%
|
Dripping taps or showers / leaky toilets
|
29%
|
Uninsulated loft / roof-space
|
29%
|
Wobbly / worn / crumbling paths, paving or steps
|
28%
|
Poorly painted or maintained windows / doors
|
26%
|
Damaged seals or tiles around baths / showers
|
25%
|
Overgrown trees / garden
|
24%
|
Broken garage door
|
23%
|
Wobbly / damaged fences or gates
|
19%
|
Unswept chimneys
|
14%
|
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