4 Issues That Can Bring Down Your Home Value

4 Issues that can bring down your home valueThere are a huge number of factors that affect the value of a home; some you can fix, others are more permanent. If you want your home to sell for the price you believe it commands, you need to take action to ensure everything in your power has been done to remedy any issues that are fixable.

With this in mind, let’s take a look at four issues that usually bring down the value of your home and see if there is any way they can be remedied.

1. Physical issues reduce home value

Wear and tear in the home is one of the main considerations potential buyers take into account. While many people like a well lived-in home, they also understand that considerable signs of wear and tear increase the likelihood of repairs and replacements in the near future.

No one wants to buy a new house and then spend large amounts of money on repairs or replacements. Any noticeable damage is likely to come off the value of your home, but taking the time to repair problems before they escalate could prevent this.

2. Faulty appliances

Faulty appliances are another reason homes lose value when viewed. The appliances in the home you are selling don’t have to be particularly modern for a house to hold its value; instead functionality and durability are required.

It is well worth getting appliance repairs specialists into your home to fix any appliances before anyone views the property. Spending a little time and money getting everything ready for buyer visits will save you a considerable amount of money in the future.

3. External factors

External factors are generally something homeowners don’t have a lot of influence over. These can include visual or auditory nuisances such as train lines or telecommunications pylons that are in close proximity to your property.

In these situations, it’s a good idea to make the best of what you have. Strategically grown trees and bushes and cleverly positioned fences can make a big difference and detract attention away from any eyesores.

4. Garden

Even if you don’t use your garden very often, it’s a good idea to have it in good condition when people come to view your home. Although a lot less time is spent in the garden compared to inside the house, potential buyers often place importance on good curb appeal.

You don’t have to create a fantastic floral display that will dazzle buyers. Instead, keep the area well maintained with simple tricks, such as making sure the grass is cut, borders are tidy and any patio space is kept reasonably clean and clear of debris.

3 comments

  1. Jane Kennedy says:

    Hello Walt, thanks for your interest in ComFree. Please visit our website at http://comfree.com/ and click on “Our Packages” for more information.

  2. Wout (Walt) Brouwer says:

    We own the 5-acre lot in Benson Meadows, at 3056 Meadow Drive, Lot 1, Section 14, Range 3, Mountain District, Plan: VIP 80081, and want to put it up for sale. How much for you to list in through Comfree with MLS?

  3. Pingback: Tips to Nurse Your Home Back to Life on a Budget — My Personal Finance Journey

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