4 Factors that Devalue Your Home

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Before listing your home for sale on the market, a few home improvements may be needed to increase your property’s value. There are some important factors that could devalue your property, some of which are in your control and others which aren’t. By being aware of these issues, it might provide you with additional perspective when it comes time to sell your property.

  1. Poor Location Above all, location may be the most important consideration when a home buyer looks for a new home.Properties close to key services and transportation options are usually high in demand. You can’t do much about the location of your home, and it’s possible that your home used to be in an ideal location but the neighborhood has changed around it. An experienced local real estate agent may be able to find creative ways to enhance the property’s positives and downplay its negative aspects.
  2. Bad Renovations You may try remodeling your home to increase its value, but poor renovation choices can have the opposite effect. Repainting a home to a garish color, going overboard on kitchen or bathroom renovations or over-personalizing certain rooms can sometimes devalue your home. That’s why most remodeling experts suggest that you undergo fairly modest renovations if you plan to sell your home in the near future. By choosing neutral colors and depersonalizing the home, home buyers may be more attracted to it.
  3. An Unattractive Front Yard The front yard is the first thing a prospective home buyer sees, and they can become immediately disinterested in the home for sale if the yard is unkempt and unappealing. Keep your yard neat and simple to attract a home buyer. A home that looks outdated or worn down on the outside can be unattractive to a potential buyer. A lawn with complicated landscaping and amenities might also turn away a home buyer looking for something that requires less maintenance.
  4. The Home’s Interior Home buyers want to feel comfortable in a prospective home, so it’s important that your home provides an appealing atmosphere. Pet smells, an unclean interior and evidence of shoddy upkeep can all deter a home buyer. Maintaining a clean home is a must during the home selling process.

https://www.coldwellbanker.com/article/four-factors-that-devalue-your-home

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