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8 Things That Will Kill Your Home's Value

8 Things That Will Kill Your Home's Value
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By    |   Monday, 09 December 2019 11:34 AM

When it comes to your home, it is always important to maintain its value. The things you do to your house now will greatly impact your chances of selling it later and not taking care of your home could cost you. To avoid price-killing pitfalls, here are eight things that can drastically hurt your home's value, according to GoBankingRates.

1. Mind the cracks. It is easy to overlook those cracks and potholes in your driveway and pavement but this is something an appraiser will spot right away and it will raise red flags, said Adrian Muller, president of Hudson View Appraisal Services.

2. First impressions. We've all heard the adage that first impressions last and this is especially true when it comes to your house. A clean and tidy house will have potential buyers feeling more positive about your house than if it were messy.

"At the very least, the lawn, walkway and driveway should be cleared of any debris and look clean and tidy," said real estate broker Mary Case Friedner. "The front door along with the doorframe and window trims should be freshly painted."

3. An unruly yard. It pays to invest a bit of time and energy into landscaping. An unkempt yard has the power to dramatically lower your home's value.

4. Going overboard with landscaping. While a bit of landscaping can increase your home's value, going overboard with the designs could have the opposite effect. "They can be a turnoff to buyers who might want to develop the yard with their own style," said real estate professional Chris Danuser.

5. Splashing out on a pool. It is important to weigh the pros and cons of having a pool. While the idea of cooling off on a hot summer day may be appealing, the work and money required to maintain a pool are not. This is something that potential buyers usually take into account.

"Most buyers fear the maintenance, additional insurance and general added expense that a pool demands," said real estate agent Heather Kandawire.

6. A bad smell. A bad smell can easily put off potential buyers and a strong deodorizer is not going to help — it may actually be an indicator that you are trying to cover something up. Real estate broker Michele Beaudoin has a plan though. 

"Bake a cake, a pie, brew coffee or use a diffuser with a scent of lemon, orange or apple. These odors will appeal to buyers."

7. Clutter. You may be proud of your collection of antiques, books and other knick-knacks but beware that it is not cluttering your house because this could easily deter people looking to buy a house. 

8. Paneling. Following any trend could hurt your home's value as they are constantly changing and you could end up with a house that looks dated. Paneling is a prime example of this. Once a hot trend, today paneling smacks of days gone by.

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When it comes to your home, it is always important to maintain its value. The things you do to your house now will greatly impact your chances of selling it later and not taking care of your home could cost you.
home value, tips
489
2019-34-09
Monday, 09 December 2019 11:34 AM
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