Property buyers seek out doer-uppers

June 2nd 2016
By: Melanie Hollidge
Property buyers seek out doer-uppers

Homebuyers are now realising the importance of adding value to their potential property, reflected in the fact that seven out of ten buyers are now searching for properties that need some improvements, according the property portal Zoopla.
Their new data also shows that new buyers will typically set aside just under £18,000 to carry out repairs and renovations to a new property, in the hope that it will increase the re-sale value of their new home. Carrying out most of the work themselves without employing any professionals.
DIY jobs new home owners feel the happiest doing are – 13% decorating walls, 12% replacing floors, 9% landscaping the garden.
A large majority of buyers, 61%, would also look at properties where major jobs need doing such as renovating bathrooms and kitchens or a home with the potential to do a loft conversion or build an extension as a way in which they can add the most amount of value to their property investment.
If you are looking at buying a property which needs some work doing to it, including an opportunity to add a rear or side extension then Goodfellows Carshalton Beeches has this lovely detached 3 bedroom property for sale in Wallington with a guide price of £480,000.
Property Features:

  • Freehold
  • Three Bedroom
  • Close To Bandon Hill Primary School
  • No Onward Chain
  • EPC EER Rating: E
  • Private Garden
  • Potential To Extend (STPP)

If you would like further information about this property please contact Goodfellows’ Carshalton Beeches on: 020 8773 2424 or follow this link.
Source: Zoopla