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Quality of property matters

Posted by Sinks on 27th Jun 2017

By Neil WatermanThe quality of a property makes a difference to the price it will go on the market for, new research indicates.A study by Nationwide suggests that while location remains the largest factor affecting house prices, the quality of the space also has an effect.Items such as new fitted kitchens, including updated kitchen sinks, may help to add value and improve saleability, the building society notes, although it points out that what may appeal to some prospective customers may put others off.Martin Gahbauer, chief economist at Nationwide, said Over time, buyers expectations have changed and overall the general quality of property in terms of amenities is improving.Besides making improvements to the fixtures and fittings in a kitchen, homeowners can take a number of other steps to boost their chances of securing a higher market value for their home.Creating extra space within a property remains one of the key ways to boost the value of a home.Those short on space may be able to utilise space-saving options in the kitchen to help create the feeling of more room.ADNFCR-1321-ID-19211740-ADNFCR