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Homebuyers most swayed by kitchens

Friday, January 12, 2018

Buying a new home is not a decision to be taken lightly but recent research has shown that a new kitchen installation can seriously impact a potential buyer’s decision and their offer price.

According to a recent survey by home marketplace Zoopla almost half (47%) of home buyers are most influenced by a new kitchen.

More than a quarter (28%) of buyers would be prepared to pay more with a higher offer price as a result.

Closely behind a new kitchen installation is a new bathroom, which affects 46% of new home hunters’ decision to buy. 

Also, just over a quarter (27%) of those surveyed in the report  said a contemporary bathroom would warrant a higher price tag.

new kitchen installation

New windows came in as the third most important home improvement, affecting 45% of people’s decision to buy. 

You can see the full results below:

Which of the following new home improvements would influence your decision to buy or your decision to offer a higher price?

Home Improvement

Affects decision to buy

Affects decision to offer a higher price

New Kitchen

47%

28%

New Bathroom

46%

27%

New Windows

45%

23%

New Boiler

43%

20%

New Extension

34%

26%

New Loft Insulation

33%

17%

New Kitchen Appliances

31%

22%

New Conservatory

31%

23%

New Garden Landscaping

29%

18%

New Lighting

23%

12%


“Many buyers keep an eye out for particular renovations when searching for their next home. It goes without saying that costly renovations are high on the wish list for most buyers. These can add significant value to a property and incentivise buyers to offer a higher price.”

Read more the original article at Zoopla

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