Tuesday, November 21, 2017

14 Things That Could Decrease The Value Of Your Home

As difficult and complicated as buying a home may be, selling your home can only ever be more difficult and complicated. Even if you’re ready for the challenge, your home may not be. Unfortunately, there is a lot that can affect the value of your home, some of which you can’t even control. Regardless, it’s always better to be prepared in these situations, rather than get your hopes up, only to be disappointed with the offers on your house. With that in mind, here is a list of fourteen things that could be bringing down the value of your home:

1. Messy House

While clutter won’t directly the value of your home, it does give potential buyers an excuse to offer smaller amounts in the selling process. This is because a cluttered home suggests that you don’t take care of your property, meaning that there could be damage that hasn’t yet been noticed. To avoid this, make sure that your home is clean and tidy for inspections and viewings.

2. Pebble-dash

Pebble-dash is a style liked by very few people, which explains why pebble-dashed properties sell for a lot less than similar ones without it. It’s also common knowledge that pebbledash was used to cover poor quality bricks, which might also put people off buying. Luckily there are solutions for pebbledash, so have a look and see which one is for you.

3. Bold Exteriors

Any type of bold exterior, including pebbledash, could easily put off people from buying your home, or, at the very least, decrease the amount of money that people are willing to offer for it. You might absolutely love having a lime green door or bright red walls, but other people might not, and this will cause problems. Therefore, if you want to sell your home, I’d start taking action to make everything a little more neutral.

4. Bold Interiors

The same goes for the inside of your home as it does for the outside. Haven’t you ever noticed that the walls of homes that just been sold are usually white or cream? That’s because it’s neutral, and no one can complain about a neutral home. Because of this, you should consider getting rid of any bold colors or wacky wallpaper. 

5. Dated Fixtures

If your door or cabinet handles or your taps are old or dated, then potential buyers could use this as an excuse to give a lower offer. Luckily, these are things that can easily be changed. It won’t even be too expensive, so you have no excuse not to.

6. Old Appliances

If you’re selling your home with all of its appliances, then you might want to take a look at them before you have any viewings. If your oven is rusty or your freezer doesn’t stay cold, then you’re not going to be able to charge extra for them when selling your home. In fact, you may as well charge even less, so that the new tenants have the cash spare to get rid of them.

7. Your Yards

Your front and back yards give potential buyers some indication as to how you have looked after your home while you’ve been living there. If the grass is freshly trimmed, you have a clean patio, and a thriving flower bed, then they will know that you’ve looked after it well. On the other hand, if your grass is overgrown, and you’ve got weeds everywhere, then they won’t be too pleased.

8. Pests

Never try to sell a home if you’ve got pests; As soon as any viewers notice, they will be out of there for a shot. Instead, use this exterminator, and get the problem sorted before you do anything else.

9. Structural Damage

Structural damage is a huge problem and is one that you are going to want to get fixed if you want the best price for your home. Usually, the cost of repairs is likely to be less than the value deducted in the selling process, so it makes sense to get it sorted as soon as possible.

10. Your Neighbours

If you’ve got unpleasant neighbors, then you are probably happy to be getting away from them. Unfortunately, if those viewing your home notice that your neighbors are less than friendly, then they may not want to buy your home at all, and will likely offer much less if they still do.

11. Noise Pollution

If you live near a busy pub or club, an airport, or a train station, then prepare to sell your home for a lot less than similar properties in different areas. Unfortunately, the noise pollution caused by these is going to knock a large amount of money off your property’s value. 

12. Bad Schools

A lot of people looking to buy a home either have children or will want children in the future, so will be looking for a property near a good school. Unfortunately, if the school’s closest to your home have a bad reputation and bad reports, then you might find that people will make smaller offers to compensate. 

13. Electricity Pylons

Electricity pylons are incredibly unsightly, but they are also a hazard, especially to small children and pets. If you’ve had an electricity pylon built near your home since you moved in, then it will have likely affected the value of your home. The same goes for cell phone towers and even wind farms.

14. Potholes

Potholes can cause a lot of damage to your car, which is why most people avoid them when driving. Unfortunately, if there is a large pothole in your street, then it’s a little harder to avoid. This could mean that people offer less money for your property. To avoid this, contact your local council and explain the situation; They may get it repaired for you if you’re lucky.

It’s always good to be prepared, especially with something as important as selling your home. Hopefully, this list means that, for better or worse, you know what you’re getting yourself into when you sell your home.

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