November 16, 2010--A new survey conducted by Relocation.com finds that 75 percent of Americans believe the most important factor in determining a neighborhood's safety is the up-keep of surrounding homes, especially the conditions of the front lawns, which trumps even Googling neighborhood statistics to get a feel for a community.
This is taken from the story by Relocation.com and in reality just reinforces what we all know. That if a neighborhood is well maintained and the homes are all seen to well kept and attractive then it will attract buyers. Buyers do want to get good deals but they also want to live in an environment that they will be happy with. It is clear that some subdivisions may represent better value on paper, but the higher number of foreclosure and minimally maintained yards will devalue the appeal of the neighborhood. This will be reflected in lower sales prices as people buying in there areas realize that they will have to invest in the subdivision which can be fruitless.
The latest Relocation.com survey finds that 74 percent of respondents indicated they would select a neighborhood based on "word-of-mouth" or its local reputation over any other reason, while 67 percent of the respondents say they pay attention to local crime reports and statistics as reported in the local media. Less compelling, according to the survey, are "a gated community with security patrols" and "proximity to a police or fire station" when determining the safety of a neighborhood.
"It's interesting to see how home buyers determine neighborhood safety based on the neighborhood's appearance and not as much based on police statistics or crime reports," says Relocation.com Chairman and Founder Sharon Asher. "Our findings suggest that some home sellers who are struggling to generate interest may want to go the extra mile and help their neighbors with landscaping needs in order to create buyer interest."
So..when there is an oversupply of homes, ie a buyers market, the home sellers will have to work harder to sell their home in terms of making it stand out and more attractive to the potential home buyers. The online curb appeal may make the difference from 1-2 showinsg to 10-15 showings in a week. if the picture of the home gras the attention of the buyer on line, then you have helped to market your home effectively! Also, when buyers are looking at other homes in the neighborhood, if the well maintained home will definately make a good impression...the interior just has to match the outside appeal so as not to disappoint!
The Relocation.com survey was conducted in mid-October, 2010, in a continuing effort to provide information on lifestyle factors that drive moving and relocation decisions in the U.S.
The Ashton Real Estate Group of RE/MAX Advantage
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