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What do Estate Agents look for when valuing your property?

8 replies

SpringChicken · 04/10/2004 12:47

Me again!

We are currently looking at moving but dont yet have our house up for sale.
Reason being i don't think it is in good enough condition to be sold yet - things like crappy paintwork, no double glazing, no central heating, the cheapest of cheap doors upstairs.

Do these things make a big difference in the price you will get for your house? If so, we will correct these things before putting it on the market but if it's not going to make a great deal of difference we wont bother.

Our house is only a 2 bed mid terrace so will only be first time buyers looking (i think)!

OP posts:
zubb · 04/10/2004 12:52

you could always get an estate agent round to get a valuation and to advie you on whether they think that its worth doing the work.
The lack of central heating will be reflected in the price IMO, as most people expect that now I think.

krocket · 04/10/2004 12:53

I would definitely correct small things like paintwork etc Bigger jobs like central heating make a big difference to the price but it's whether you can be bothered to go to the hassle of getting it all sorted before you put it on the market. If you did it would be viewed positively as would be marketed as 'recently renovated' or similar

SoupDragon · 04/10/2004 12:55

I'd be tempted to put the central heating in. Are the existing windows in good condition? If so, leave them but repaint if necessary.

I would tart up the existing paintwork and maybe put nicer handles on the cheap doors to disguise them.

Some things may not add value but will make your property more attractive to a buyer and easier to sell.

NomDePlume · 04/10/2004 12:59

The lack of central heating and double glazing wil lreduce your price. But I wouldn't do anything about it, it'll be too expensive.

The poor paintwork/presentation may not make a huge difference valuation wise, but it will put a lot of buyers off or will make them offer a very low price for your property. Dodgy looking walls may make the buyer think that there is a problem with the plastering etc, which is very expensive to rectify. I'd give it a general spruce up. Maybe get one of those carpet cleaning companies in etc and give it a good once over. A fresh coat of paint and clean windows should sell it. Although I'd be more inclined to sell any house in the summer/warmer months, especially one with no d/g or c/h.

sponge · 04/10/2004 13:05

I wouldn't do double glazing as personally I don't rate it as that important. People make snap decisions about how thet feel about houses so things that affect first impressions are important - so I would tart up the paintwork, make sure everything's sparkling clean etc.
I do think no central heating is a big one. Especially if you are appealing to first time buyers who will probably already be mortgaging themselves to the hilt and won't have cash for improvements. They're likely to see it as a big job and so it will be off-putting. Doing the work will probably cost less than the value it will add and going into winter the lack of it could well prevent a sale IMO.

ks · 04/10/2004 13:06

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NomDePlume · 04/10/2004 13:14

Trouble with that, ks, is that the 'do-er up-ers' make stupidly low offers.

ks · 04/10/2004 13:27

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