Saturday, August 25, 2018

4 Things That Could Kill The Value Of Your Home


Preparing your home for sale is no simple task. Even if you’ve kept your property in relatively good condition over the years, you have to ask yourself whether or not buyers and real estate agents are going to be wowed. In the world of property hunting and selling, first impressions are crucial and can be the difference between you getting an amazing deal or no deal at all. For this reason, many homeowners try to find ways to add value. Before you do that, you need to make sure that you spot anything that might drag the value down. Here are four things look out for.

1. Lack Of Curb Appeal

When property hunters arrive at your home, the very first thing they’re going to see is your front yard. As I’ve already mentioned, first impressions are vital, so you need to make sure that your home has plenty of curb appeal. If your lawn is overgrown and full of weeds, your driveway is cracked and dirty, and your door numbers are rusting, this is going to cast a shadow over the rest of the viewing, leaving potential buyers believing you don’t take proper care of your home.

2. A Pool Or Pond

You might think that installing a pool or pond in your garden is a great, value-adding idea, but, more often than not, this isn’t the case. When potential buyers see a body of water one of the first things they wonder is how much time and money the maintenance and repairs are going to cost. If the buyers have young children or pets, they’ll also have some safety concerns. For this reason, you should think carefully before adding a pool or pond to your backyard.

3. Outdated Kitchen Or Bathroom

One of the best ways to add value to your property is to renovate your kitchen and bathroom, so it should be no surprise to you that outdated kitchens and bathrooms can drastically reduce the cost of your home. Because of this, you should make sure these spaces look the very best they can, whether that means ripping everything out and replacing it or just visiting a bidet shop. Just make sure that whatever improvements you make are actually worth it or it’s just a waste.


4. Adding Too Much Personality

Owning a house means that you can decorate it however you want, but that doesn’t mean you necessarily should. When potential buyers come and view your home, they want to be able to imagine themselves living there. Unfortunately, this is going to be difficult if they’re not a fan of your tiger print carpet or Betty Boop mural. For this reason, you should make sure you depersonalize your home when you put it on the market and make it as neutral as possible.

Before you can start to add value to your home, you need to identify areas that are dragging it down. From pools to personality, there are a number of ways you could wreck the worth of your home and make it difficult to sell. Now that you know of a few value killers, you should make sure you avoid or eliminate them right away.

xxo
Kim

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