People spending money renovating their property in order to improve their chances of a successful sale may be wasting their time, a survey has shown.
According to the research, a total of one in five first time buyers avoid properties which were not energy-efficient.
Yorkshire Bank, who commissioned the research found that 30 per cent of people who are purchasing a home including first time buyers decorate their new properties the minute they move in.
The Bank suggests that homeowners who spend so much money in decorating their houses before a sale could be wasting a lot of money and time.
"An energy-efficient home, whether it is motivated by concerns about global warming or the size of future heating bills, is moving higher up the wish-list," said Gary Lumby, the Bank's head of retail.
"New kitchens and bathrooms can add value and keeping the colour schemes simple could help attract buyers as it creates a blank canvas," he added.
The majority of first time buyers could be waiting for next week’s interest rate announcement to make their decision whether or not to begin the home buying process.
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Energy efficient homes sought by first time buyers
Thu, 05 Apr 2007
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