Property turn-offs
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."
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.
