Study reveals impact of junk in yards and inside homes on property value
SEATTLE, Sept. 4, 2024 /PRNewswire-PRWeb/ -- StorageUnits.com, a reliable and user-friendly platform for finding the best and most convenient storage facilities, has published a recent survey report examining the impact of junk and clutter on property value. Responses were collected from close to 500 licensed real estate agents in the United States.
The findings highlight the significant role that curb appeal plays in determining a home's marketability and overall value. According to the survey:
- 55% of real estate agents believe that junk or clutter in a neighbor's yard has a significant impact on a home's property value.
- 47% of agents report that junk or clutter in a seller's yard significantly decreases the property's value, with an additional 36% noting a moderate impact.
When assessing the impact of particular items on property value, the survey reveals:
- Top items in a seller's yard believed to decrease property value include trash (81%), excessive clutter (78%), yard waste (67%), old cars (51%), building materials like pieces of wood (48%), and indoor furniture (40%).
- Top items in a neighbor's yard that are thought to decrease property value include trash (85%), excessive clutter (82%), yard waste (69%), old cars (57%), building materials (52%), and too many cars (42%).
The survey also examines the impact of clutter inside a home:
- 42% of real estate agents believe that excessive indoor clutter significantly decreases a property's value, while 40% report a moderate impact.
"Excessive clutter inside can decrease a home's value by 10% or more as buyers struggle to see past the mess. Buyers assume significant repairs are needed and that the sellers did not properly maintain the home. I always recommend decluttering and staging a home before listing it for sale," says Real Estate Expert Scott Beloian, broker/owner of Westcoe. "Outside, yards filled with trash, junk cars, and overgrown landscaping are instant turn-offs for buyers. No one wants messy neighbors or safety issues."
These findings underscore the importance of maintaining both interior and exterior spaces when selling a home, as well as the impact neighboring properties can have on a home's value.
This survey was commissioned by StorageUnits.com and conducted online via Pollfish in August 2024. The survey included 484 U.S. licensed real estate agents. To view the study write-up, please visit: https://www.storageunits.com/half-of-real-estate-agents-say-junk-in-neighbors-yards-decreases-your-property-value-by-20-or-more/
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SOURCE StorageUnits.com
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