Your home is an investment, we have all heard that before. Most guides focus on ways to improve that investment, and there are a lot of them out there. However, what we sometimes forget are the things we are doing that HURT the value of the home. This guide will go over the myriad of ways that you can destroy the value of your home on the market.
Poor Lawn Maintenance
Curb appeal is an essential component in real estate, making lawn maintenance important. Failing to take good care of the yard can result in reduced offers from buyers who treat the state of the yard as a sign of problems within. So, make sure your grass is mowed regularly, landscaping is well trimmed, and try to hold off on the weed killer – the last thing you need is an ugly patch of brown in the middle of your lawn.
Obvious DIY Repairs
There is nothing wrong with doing your own repair work, but make sure that if you tackle such a project you can do a professional job of it. Visible duct tape, cracks in the walls, discoloration, and more can reduce the property values. Furthermore, no matter how confident you are that you successfully hid the problem from the buyer, a professional inspection will reveal any cover-ups or unprofessional repair jobs. These revelations can not only reduce the sale price, but also kill a deal on the spot.
Clutter during the Walkthrough
Making your home look like it featured in an episode of Hoarders is a very good way to hurt your chances of recouping your investment. When a potential buyer goes through a house, one of the concerns on their mind is how much space they will have to work with. A lot of clutter conceals that space, and can make it difficult for the buyer to know what kind of square footage they’re getting. Furthermore, if your home is messy, the potential buyer isn’t sure if that clutter is covering up a serious problem like mold (intentionally or no).
The last thing any realtor or seller wants to hear from a potential buyer when they walk into a new home is “what’s that smell?” The sense of smell is the strongest sense tied to memory, and when making an offer (if they make one at all), it is the one trait that will stand out most about the home. Ideal would be to leave no odor at all. Light use of air fresheners may help, but it is better to err on the side of caution as you don’t know if the air freshener you use will irritate the buyer in some way.
Molds and Growths
Before you put your home up on the market, perform a thorough mold check. Inspectors will find such things, and it will impact your bottom line. Remember that mold can grow inside walls or under shower tiles, so do not merely glance at the walls and think you are in the clear. If necessary, hire a professional to perform an inspection for you. This way you can spot and clean up the problems before a buyer comes in with their own inspector.
There are many ways you can up your home property values, and even more ways to undermine it. The best way to identify parts of the house hurting your bottom line is to go through and look at all the faults, cracks, and other problems. Once you are done, ask yourself – if those faults were the norm, would you want to buy? If the answer is no, then go ahead and fix it, because those seemingly tiny faults that represent the exception rather than the rule WILL leave an impression.