Worth Their Weight in Gold, Literally
Borrowing an egg from time to time and having friendly chats over the hedge good neighbours can make your home that much nicer, but who knew they would also be important when the time came to sell.
A recent survey of over 2,000 adults, from findaproperty.com, showed how important good neighbours are when it comes to selling your house. 40% of people reported they would be willing to pay more for a house, if it came with quiet and trustworthy neighbours.
It’s going to be difficult to prove your neighbours are nice and don’t have raucous parties every weekend. However viewers will make immediate assumptions on the quality of the people next door and the whole neighbourhood, based on the outside of their houses as much as yours.
A Neat Neighbourhood
You’ve just finished attending to the curb appeal of your house, when you look up and notice the overgrown, paint-peeling horrors on either side.
A recent survey found that 88% of estate agents agreed that a well-kept property next door would increase the value of a property. They estimated an average 12% increase, which equates to an impressive £19,400 at current housing prices. I bet you’re interested now. The opposite is also true. Almost all estate agents surveyed agreed that an unkempt neighbour’s property would have a negative effect on the value of your house.
A Helping Hand
Whether you’re on the best of terms or only catch glimpses of each other in the mornings, the topic needs to be tackled with diplomacy. If they aren’t selling their house it’s likely they haven’t noticed that their exterior needs attention. Approach them with a letter or a polite visit and explain the situation. Offering to do the work yourself will often make people more amenable to the idea.
Make sure that you don’t sound accusatory, rather that it’s in everyone’s interest to keep the neighbourhood house prices up. If you’re worried about approaching people individually you could try organising a street meeting. Getting enough people involved could have an amazing impact on the appearance of the whole street.
Tenants who live in council owned houses have a responsibility to keep the house and outdoors in a respectable condition. Although this may seem like a good route for some unreasonable neighbours, who are having a negative impact on your sale, be aware that any disputes with the neighbours must legally be declared.
If you complain in writing or report them to an authority this has to be recorded on the Seller’s Property Information Form, or risk being sued by the buyer. Try to communicate problems in a reasonable and tactful manner, considering others’ feelings.
Hopefully you’ll find most people will be reasonable, and prove that your neighbours can be extremely helpful to the sale.