Latest consumer research by leading fixed fee estate agent, eMoov.co.uk, has revealed what UK homeowners believe add the most financial value to a home during the selling process.
eMoov surveyed over 1,000 UK homeowners and asked them what they think adds the most financial value when looking to purchase a property? To see the breakdown of the national results you can find the full report here, or check out the results from homeowners in Yorkshire below.
Unlike the rest of the nation who believed a spare room added the most value during the selling process, it appears that the people of Yorkshire would rather have a place to store their tools, bikes and cars, with them placing having a garage at the top of the list. 22% of those asked believed a garage adds the most value, 6% higher than the nation as a whole.
Despite the introduction of a spare bedroom tax, the spare bedroom was a close second, with 19% of those asked believing it adds the most value during the selling process. The appeal of the spare room stretches far beyond its use as an extra place to sleep and can be utilised in many ways whether it be a home office, salon, nursery, workshop or play room.
Although the British summer is often a brief one, an outside space was the next best justification for a higher property price, with 15% of homeowners believing it added the most value. Just falling short of third place was having an en-suite bathroom for the main bedroom, with 13% of those asked thinking it added the most financial value.
Surprisingly having a car parking space/s came in fifth place, with just 11% of those asked thinking it added the most financial value, completing our top five.
Good local amenities and a strong internet connection are in joint sixth position (8%). A strong mobile phone signal was amongst the other assets that could increase a property’s financial strength (2%). A good community atmosphere came in last both nationally (2%) and in Yorkshire, with no one in the North East county believing it added any value.
“I think unfortunately as time has gone by community spirit is not as influential as it used to be with regards to buying a property, hence it propping up the table. Now when people are looking to buy they value more practical things and a garage, for example, gives them more storage space but also offers the potential of extending it into an additional living space.
Locally people like to buy properties now with space and so having a spare bedroom, garage, separate bathroom is some what a norm for people buying in today’s market. Properties that come on the market with these bonuses in Yorkshire are selling far faster than those without the extra living accommodation or option of an extension.”Kathleen Taylor
If you’re looking for an estate agent in Sheffield, click here to contact Kathleen Taylor and get a free valuation.