Do you have good neighbours?

5 April 2013

Churchill insurance have revealed from a new study that 88% of estate agents think that a well maintained house next door will increase the saleability and value of a property. The main culprits in reducing curb appeal are boarded up or broken windows, run down vehicles and rubbish on the front garden and drive. Even more minor features such as, unmaintained paintwork, overflowing gutters and poor DIY also has an impact.

The Warrington Guardian reported that a poorly maintained neighbouring property could reduce the value of your home by an astounding 13% on average or by around £21,000.

Martin Scott, head of Churchill home insurance said: “Whilst many householders will recognise that the condition of surrounding properties can influence curb appeal, the study shows that the upkeep of a neighbouring property could affect the sale price of a home by thousands of pounds.”

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