Selling Your Home? Look Out for these Value Killers
by Office Staff
on Saturday, November 23rd, 2013 at 12:39pm.
When you’re selling your home, there are countless little things around that can drive your price down. If you can get an idea of what people want, and what people expect to see, you can get yourself ahead of the game in getting your home market-ready.
While there are some things that you can’t do anything about (you won’t exactly be moving your entire home to a more desirable location), there are certainly things that you can control. Here are some common threats to your home’s value that you can stave off before you sell:
Lack of updates
This is one that can actually do more damage than good sometimes – if you drop a huge amount of money on a brand new kitchen, there is always the chance it doesn’t bring in more money than you spent. But, there is a happy medium to updating your home that gives you the most bang for your buck. Shop for good deals on up-to-date appliances and accents around your home, and when you eventually sell, you’ll see that money (and more) go right back into your pocket.
The big stuff
Before you sell, make sure you send an inspector around your home to check for the major issues that could seriously damage your home’s value. Things like the roof, electrical system, plumbing, and more should be in tip-top shape before your home goes on the market. A buyer will be sending an inspector of their own around too, so nip the problems in the bud before they take a huge dent out of your wallet.
In our beautiful Southwest Florida climate, it may seem absurd to think that a swimming pool could bring your home’s value down. But, while they do offer cool relief on a warm day, they aren’t for everyone. Some people will have concerns about safety for their children or pets, and some simply won’t want to deal with the maintenance on something that they plan on only rarely using. So before you put in that new pool, think about whether or not you plan on selling in the near future.
No, not the sport – if your home doesn’t have a fence along the perimeter, a lot of buyers may be turned off. In an area where families with children will be more likely to shop for a new home, having a fenced-in property is practically a must. Many potential buyers will be very interested in a home like this, because it would allow their children and pets to play within the property in a safe manner.