What’s in a name? Do you live in ‘Rose Cottage’, or just ‘number 37?’ Do you know that the name of your house can make your buyers turn off, or reach for their cheque book? That it can even affect your chances of achieving your asking price? Here are some surprising facts about house names:
• Land Registry figures show that around 5.4% of homes in the UK currently have a name instead of a number.
• If you have your eye on a place called Courtenay House, named after the Earl of Devon, you’ll need deep pockets. Homes with that name tend to be more expensive than those with any other. To buy one, you would typically need about £4.8m.
• Since 2000, more than one house called The Cottage has sold every day. According to Mouseprice, the typical value of a property with this name is 50% more than the average.
Here’s what one national estate agency chain has to say on the subject: “House names are generally always included on property particulars. They are felt to add interest for many would-be buyers, and often seem to generate more enquiries”.
What should you name your home in order to attract a buyer willing to pay a premium for a desirable name? Forget ‘Dunroamin’, ‘Cheznous’ or any name that is made up of your own names! Instead, improve your sale chances by taking your pick from this list:
- The Cottage
- Rose Cottage
- The Bungalow
- The Coach House
- The Barn
- The Lodge
- Ivy Cottage
- Orchard House
Feeling inspired? Or do you have a better alternative? Let us know!
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