10 things that will affect the value of your home

Last updated: Feb 24th, 2014
Feature by Laura Howard

For a property-obsessed nation with ever-shrinking pension pots, the value of our homes is understandably high on the agenda.

That's why - despite the recession and rising unemployment - more than half of UK property owners have made home improvements over the last year, according to a survey from Halifax.

But equally important is retaining the current value of your home. Here are the top 10 most common things that can devalue your home - and how you can avoid them.


According to a survey conducted as part of Halifax Home Insurance's Peace of Mind campaign, one in five (17%) homeowners encountered serious problems with their neighbours during 2012 - the highest number experienced since 1997.

The most common complaints were excessive noise (49%), rude or intimidating behaviour (23%), and the 'hijacking' of legal boundaries (20%).

However, it's pretty arbitrary, says Trevor Kent, director of Buckinghamshire-based Trevor Kent & Co Estate Agents.

"Firstly the questionnaire has an 'I don't know' option, and secondly, what's a noisy neighbour to one person is a real hoot to another. This means it would be very difficult for a buyer to take up at a later date, although a handful of cases have gone to court."

Halifax says that anti-social neighbours can shave up to £31,000 off the price of the average property. So before changing contracts, check your seller's information form and try to talk to them about their relationship with the neighbours.

If you've already moved in and find that your neighbours are being a nuisance, first try to talk to them and if it doesn't work complain formally to your local authority.


When making major changes or building onto your home, you must adhere to building regulations and, in many cases, seek planning permission.

However, some people don't bother, says Dean Sanderson, managing director of Manchester-based estate agents, Sanderson James.

"If a property has had illegal changes made to it, new buyers will have to factor in the cost of rectifying the problem." Visit planningportal.gov.uk to see what is legal - with and without permission.


The recent level of flooding is testament to the changing global climate - something homeowners can do nothing about.

"A local authority search will throw up whether a house is situated on a flood plain, so it's not something vendors can mask," explains Charles Smailes, former president of the National Association of Estate Agents.

The value that could be washed away from your home will depend on its own particular flooding history as well as measures taken by the local council to prevent it happening again - both of which should be flagged up to potential buyers, he adds.

But, at the very least, sellers should brace themselves for a discount equating to the cost of repairs. According to the Association of British Insurers, the average cost of flood damage is between £20,000 and £40,000.


Failing to keep up with general maintenance, such as a neat front garden, fresh paintwork, effective guttering  and clean windows, can wipe up to 5% off the value of your property, according to experts.

Yet this so-called 'kerb appeal' is one of the cheapest measures you can take to retain your home's value, according to Halifax research.

How to improve the appearance of your home


While you won't have to legally disclose superstitious gossip about your home or if there's been a death in the house, if it's common knowledge, it's a good idea to be upfront about the issue from the start, thereby building trust with a prospective buyer.

Smailes points out, however, that some homes are just unsellable. "For example, if it was still standing, 25 Cromwell Street - the home of Fred and Rose West. You could forget selling a home like that for any price."


Bad taste and workmanship can wipe between 5% and 10% off the value of an otherwise perfectly good home. "Stone-cladding on the front of the house can look cheap, while nasty-looking conservatories will also put off new buyers," she says.

The same applies to other semi-permanent changes that are not in line with modern tastes, such as timber panelling, textured walls and Artex ceilings.


It might be that, soon after you moved into your home, the surrounding environment took a turn for the worse. For example, your garden now sits in the shadow of a mobile phone mast.

While you can campaign and register objections with the local council, in many cases you will just have to swallow the change - which can significantly devalue your home.

If you're buying, don't rely solely on the local authority search,  advises Kent. "What the searches throw up varies.

Sometimes a buyer will only be told about outstanding planning permissions within a half kilometre radius of the property, while other searches explore further."

In this case, take matters into your own hands by conducting your own personal search. This can be carried out at the local council offices for a small fee if you make an appointment in advance.


If your area has seen an increase in crime levels it's not going to bode well for the value of your property.

What's more, local crime levels are now very transparent - prospective buyers can use websites such as upmystreet.co.uk - so you can bet your bottom dollar this will be factored into any offer price you receive for your home.

Fitting approved locks on doors and windows and installing a working alarm should ease the blow. But most importantly, flag up vigilant neighbours. You could even start a Neighbourhood Watch scheme - which is even more difficult for criminals to negotiate.


An estimated 39% of people in the UK own a dog or a cat and in most cases this will have no effect at all on the value of your home when you come to sell.

However, if pets are smelly, intimidating or simply too many in number, it's very off-putting for potential buyers. Even if your furry friend is overlooked, you can expect offers of as much as 5% below the asking price.


After property, good schools must be the UK's most popular obsession. It should come as no surprise then, that the performance results of state schools within the catchment area of your property will have a direct effect on its value.

Should you move location for a better education?

According to the latest report from the Royal Institution of Chartered Surveyors (RICS), buyers will pay an average 8% premium on a home that is located within the catchment area of a so-called 'good school'.

But this works the other way around too and if the local school gets a bad Ofsted report, you can expect the same amount to be wiped off your home's value.

RICS spokesperson, Jeremy Leaf, says: "It is quite normal for potential buyers to check the local Ofsted reports before they even read the particulars for their preferred properties."

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Your Comments

Great post! There are so many things that can affect the value of your property. I totally agree that when you renovate your house you should understand that it can add the value to your home. Some improvements can really help you to sell the property quicker and for a better price. For example, paint the mail box, the entrance door, etc. To make it look fresher. Get a roofer to replace any missing or broken shingles or roofing tiles. Talking about the price, determine your home's fair market value. You need to investigate the prices in the real estate market to know the average prices for similar properties. You can do it by looking through some classifieds like http://birmingham.localmartuk.com/ where other people are selling their property. Nothing loses potential buyers faster than an overpriced home. Be realistic and assume there will be issues. Remember that no home is perfect, especially older homes. Consider the location. Like the article says is you are living in a perfect area with schools, supermarkets, good transport links it will actually help you greatly!

The latest threat to house prices in the UK is Fracking.
Over 50% of the country could be affected. We are a couple of miles from the first proposed bulk fracking site and already houses are not selling in the area. This will inevitably reduce house prices. The potential threat to the environment could be catastrophic if the American experience is anything to go by. What can we do to avoid our life savings going down the drain? Write to our MP? Well, actually no, they are behind it in the big rush for profit - as usual in our democratic country, the common man is sacrificed  on the altar of commercial short term gain.

Someone reported my previous post as SPAM - anonymously of course. How in God's name can it be SPAM. I think there is a political agenda at work here.