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How your neighbour’s home affects your property's value

May 3, 2021 9:00 am by Upside

When it comes time to sell your home, you’ll need to start thinking about everything that might attract buyers, or even put them off.

From fresh coats of paint to weekends in the front garden working on curb appeal to piles of items for the donation bins, home sales are often preceded by a flurry of activity.

Yet what isn’t usually considered is not just your own home – but your neighbour’s property as well.

Here are a few ways in which a neighbour might affect your property value - and what you can do to minimise the impact!

Poor curb appeal

Whether it’s an old, wheel-less, rusty vehicle sitting in the driveway, an overgrown lawn, or a mouldy couch, an unattractive property right next to yours could negatively impact the property value estimate you receive from a valuer.

This can be a prickly problem, but it’s not completely unsolvable. If you don’t already know them or have a good relationship with them, start by getting to know one another – pop by with some baking, invite them over for a BBQ, or simply stop to say hello when you’re both outside.

Once you’re on good terms, you can mention that you’re selling your home, and sprucing up your own curb appeal to make the sale. Ask if they’d be happy for you to mow their lawn while you’re at it, or if they’d be able to remove any junk.

If you don’t feel comfortable speaking with them directly, you can also check your local council guidelines to see if they are breaking any rules, in which case a third party can ask them to tidy up.

RELATED: 9 surprising factors that affect your home’s value

Noisy neighbours

Problem neighbours - what to do?

Nobody wants to hear a neighbour’s noisy dog or thumping music at all hours of the day, and anyone who has dealt with these issues before knows the frustration of trying to enjoy some peace and quiet (or simply get some sleep).

And should that neighbour start up their boom box, or leave their pooch outside during your open home, potential buyers are unlikely to be impressed.

As per above, the question of how to deal with noisy neighbours often comes down to your relationship. A friendly relationship and a patient request for peace and quiet is often the easiest route, but you can also check with your council for rules around noise complaints.

Excellent curb appeal

Keep in mind that a fantastic neighbour can also increase your real estate property value.

If your street is filled with tidy homes, trimmed lawns, and no dumped vehicles, rubbish, or other junk, it will be easy for potential buyers to consider this a ‘good neighbourhood’, and the kind of place they would want to live – and potentially raise their kids.

Even then, if you have an open home coming up and see that your neighbour has forgotten to bring their bins in, or their berm is looking a little unkempt, you can always build that relationship and offer them a hand!

When you sell with Upside, your local Upside real estate agent can offer plenty of advice when it comes to tidying up your own home for sale. This can be a useful sounding board when wondering what to do about the neighbours. Get in touch with us today for a free, no-obligation appraisal of your property.

Upside

Upside is an Australian-owned, full-service real estate agency with local real estate agents, low fixed fees and zero commission. Our standard is other agents’ ‘extras’, delivering vendors a complete agent managed service including a full appraisal, open home management, copywriting, photography, signage and advertising. It's the way real estate should be.

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