An experiment conducted by insurance company AXA has revealed how sloppy photographs can alter the perception of a property in the eyes of the public – and can therefore make a home harder to sell, and possibly fetch a lower sale price.
The test property was a one-bedroom flat with a shared garden that was shown to 1,000 members of the public.
One half of the sample saw the property in its ‘before’ state, and the other half saw it after a ‘mini- makeover’ totalling just an hour’s effort for a photographer and his assistant.
AXA says that they boosted the property’s value in viewers’ eyes by 21 per cent, despite these changes costing nothing and taking little effort.
Those who saw the ‘before’ version of the property estimated it at £609 per month to rent, while those viewing the ‘after’ version put it at £752 per month – a difference of £1,716 per year. When AXA applied this to the sales price, it meant the difference between selling the property for £180,000 and £220,000.
Only five per cent of those who saw the ‘before’ version gave the property an ‘excellent’ rating compared to 47 per cent of those who saw it ‘after’ the quick makeover.
The ‘before’ version included those features which agents routinely advise vendors to avoid: these included personal items on display in rooms, closed curtains and blinds which emphasised the lack of natural light in a property, and used towels and clumsy shower curtains hanging over the end of a bath.
The ‘before’ outside photographs included some washing still hanging on a line, a wheelie bin on display and some gardening tools left on a lawn.
Here at Love Your Postcode, we pride ourselves on the highest quality property photos. We not only make sure your property isn’t worth less than it should be, but also add value on top of what any other agent can get you for your property.
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