Property turn-offs
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These common property turn-offs could reduce the value of your home.
Prospective home buyers have revealed what they definitely aren’t looking for in their property searches.
Asbestos topped the list, with 64% of Australians saying they wouldn’t purchase a home if it had been built using the potentially deadly material.
Nearly two-thirds of Aussies would avoid buying a home in a suburb with a high crime rate, while 61% would rule out purchasing a small property.
Finder Money Expert Bessie Hassan said these turn-offs could shave thousands off the value of a home.
"Buyers can nab a bargain if they're prepared to think outside the box when coming up with solutions to property bugbears, Ms Hassan said.
"There's nothing you can do about living on a main road but installing high fencing or soundproofing can work wonders.
“A lack of parking can also be supplemented with a rented garage or parking space."
More than half of respondents would refuse to live near a noisy bar, on a flight path or in a property with bad parking.
Despite the potential for savings, Ms Hassan also urged prospective buyers to be realistic.
"Sometimes there's only so much you can do to improve a property – if you can't think of a reasonable way to fix it, then it's best to keep looking,” she said.
"It's a good idea to seek out pre-approval before you start hunting around.
“That way when the perfect house does turn up, you'll be ready."
Asbestos topped the list, with 64% of Australians saying they wouldn’t purchase a home if it had been built using the potentially deadly material.
Nearly two-thirds of Aussies would avoid buying a home in a suburb with a high crime rate, while 61% would rule out purchasing a small property.
Finder Money Expert Bessie Hassan said these turn-offs could shave thousands off the value of a home.
"Buyers can nab a bargain if they're prepared to think outside the box when coming up with solutions to property bugbears, Ms Hassan said.
"There's nothing you can do about living on a main road but installing high fencing or soundproofing can work wonders.
“A lack of parking can also be supplemented with a rented garage or parking space."
More than half of respondents would refuse to live near a noisy bar, on a flight path or in a property with bad parking.
Despite the potential for savings, Ms Hassan also urged prospective buyers to be realistic.
"Sometimes there's only so much you can do to improve a property – if you can't think of a reasonable way to fix it, then it's best to keep looking,” she said.
"It's a good idea to seek out pre-approval before you start hunting around.
“That way when the perfect house does turn up, you'll be ready."
Top 10 property turn-offs for Australians
- House with asbestos in the walls/ceilings.
- Above average crime rate of suburb.
- Bad smells.
- Located near a noisy pub or bar.
- No parking.
- Located in an industrial area.
- Close to a major road or highway.
- Being on a flight path.
- Located near a brothel.
- Lack of natural light.
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The information in this article has been prepared for general information purposes only and is not intended as legal advice or specific advice to any particular person. Any advice contained in the document is general advice, not intended as legal advice or professional advice and does not take into account any person’s particular circumstances. Before acting on anything based on this advice you should consider its appropriateness to you, having regard to your objectives and needs.