Factors Affecting Prices Of Property For Sale

When looking for property for sale, you’ll find that there is a number of factors that can affect the price of a property. Some aspects can push houses up to asking prices of much higher than is average for a particular area, and how much of a bargain you propecia does it work can secure depends partly on how willing you are to compromise, or how much or little the price-determining factors actually affect you.

For example, research last year showed that being located near a good primary school can mean 19,500 pounds in price difference between a house near a good school and a virtually identical property elsewhere in the country.

Schools

The closer proximity to a top-performing primary school a house was, the higher the premium, as primary school catchment areas are usually relatively small and are set by a candidate’s proximity to a school.

The biggest premium for this factor was found to be on property for sale in Yorkshire and Humberside.

It’s families with young children who would be keenest to snap up property for sale based on this criteria, understandably being willing to spend more money in order to give their children the best start in life.

If your children have already grown up, or you’re not planning on having any, then you can happily avoid paying this extra premium on property for sale and simply choose a cheaper area.

Crime levels

This is something you can’t really change on your own. If an area has a high crime level, the property prices will subsequently be affected.

Home improvements

Property for sale that’s been modified and improved will have an added premium compared with surrounding houses that haven’t had work in the same area. For example, research by the Nationwide Building Society published last year said that an added bathroom would increase a house’s value by roughly 1.3 per cent, the house would gain 4.8 per cent in value if floor space was increased by one tenth, an additional bedroom would push the price up by 11.4 Kamagra Gold per cent and a converted loft would hike it up by 20 per cent.

Of course, if you’re especially keen on DIY and can cast an eye over property for sale and see its potential, you can avoid these extra premiums too. If you’re confident you can perform all of your own modifications on a property at a decent price, then you can snap up a real bargain and transform it into the home you want.

Author Bio: Dominic Donaldson is a property expert with many years of experience in the industry. Find out more about Property for sale Cialis Professional and the great deals available.

Category: Finance/Mortgage
Keywords: Property for sale

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