Win tickets to the ultimate village fete with welly wanging and more
Out go the tired carpets, the busy curtains and pine country-style kitchens. In come smart laminate floors, pared-down blinds and pale kitchen units. Walls are given a fresh lick in a fairly neutral hue. The garden is tidied, the front door repainted and the new letterbox polished. How can buyers resist? Quite easily, apparently.
According to recent research by B&Q, we could be wasting our time. The study by the DIY chain, along with the estate agent Haart, tells us that sellers could lose Pounds 47 million this year because they have failed to do the right jobs. It's down to the old style-versus-substance debate. We are spending too much time and money on cosmetic improvements at the expense of all the boring maintenance work that we would all rather forget.
B&Q cautions that superficial improvements might attract a good offer (buyers make up their minds within eight seconds, it seems), but unless homeowners spend as much effort to get the fundamentals right they risk losing their sale if problems show up on the survey. About 10 per cent of buyers choose to have a full survey, of which one in ten shows that about Pounds 4,700 of maintenance is required.
Getting your house in order is sound advice considering the state of the property market. Prices might be rising again and buyers outnumbering sellers, but we are hardly in the throes of a boom. Buyers are still cautious and pricesensitive. They might be prepared to overlook small problems if they sense there is competition from other buyers, but in most cases, if the property is less than perfect, they will demand money off or insist that the problem is put right.