8 Factors that Lower Your Home's Value
When it comes to your home value, there are known factors that contribute greatly to the price, such as location, number of rooms and square footage. A homeowner can influence only some of these factors.
Besides those factors, homeowners rarely think about how some of the home improvements or little details that can decrease their home value. Here are 7 things you can change and improve in a short matter of time:
1. Exterior of the house
When a potential buyer sees the front of the house with the driveway, he wants to be impressed and to feel that the owners take a really good care of the house. Bad paint, uncut lawn, and broken fence leave a poor first impression.
Pay attention to every detail - clear the driveway, dust off the cobwebs on the porch, fix the garage door and make sure the outdoor lighting works. If needed, trim the bushes and remove withered flowers.
2. Swimming pool
While it's generally a sign of a luxurious home, having a pool doesn't always have to be a plus. A lot of people find having a pool in their yards a tiring and expensive thing. Pool maintenance is something that some people don't want to be thinking about. And when a piece of the pool equipment eventually brakes, the costs can be significant.
Another thing with a pool is that people with small children have that "what if" fear when it comes to safety. A lot of them will just choose to look for something else instead of being worried all the time.
3. Towering trees
Even though having beautiful trees in front of the house making pleasant shade is a nice thing, having really tall and branchy trees too close to the house can eventually create problems with the house's foundations. The tree roots will make their way as the years go by and can seriously affect the house. Also, frequent pruning will be needed if you don't want big branches breaking your windows during a storm. Small breed trees, some 15' from the house, are a safe bet. Large breed trees should be at least 20' away from the house.
If the buyer notices a cockroach on the porch, chances are they will think there are even more bugs and insects inside the house. If there is a wasp nest close or ant mounds, you are in danger of looking like a homeowner who doesn't take care of the property. Termites also decrease the home value, even though their presence isn't actually connected to house damages. Still, if you are in need of termite control in Sydney, there are several companies that can deal with them in no time. Bed bugs are something that you also need to take care of as quickly as you can.
5. Interior aesthetics
You need to make the buyer feel at home. So, make sure that home is pleasant to look at. Dusty shelves, cluttered rooms, old paint and weird wallpaper can make a negative impression, and they are really easy to deal with. Simple decorations and warm colors will also do the trick.
This is one of the most important rooms in the house, so make sure everything is in great shape. If you decide to make some renovations in it, don't go overboard with decorations and huge bathroom elements. Keep it simple and elegant.
7. Not Doing Small repairs
Stained ceilings and leaking roof are something that will have to be fixed eventually. You shouldn't expect from the buyer to do that once they have bought the house. Find a professional to do that if you don't know how, but don't leave it to the buyers because it's not their job.
Contributor Bio: Hannah Thomas is a gardening and home décor enthusiast. Garden is the place where she feels most comfortable, that’s why there are always a lot of books and empty coffee cups on the back porch. Always learning, exploring and smiling.
Photo credit: provided by contributor