Home Features to Watch Out For That Can Decrease Your Property Value
So, you’re looking at selling your home. You’re likely persuing the internet, looking tips and tricks for you to make last-minute renovations to your beloved homestead to make sure that you’re getting maximum value before you pop it on the market. But what most homeowners don’t realise, is that there are several expensive changes that many people make to their homes that can actually do your property value more harm than good.
Many homeowners looking to sell fall into the classic trap of believing that the more money they put into their house before selling, means more money out once the house has been bought – but oftentimes this is not the case.
Here’s Greenaway Residential’s list of what to avoid if you’re looking at shaping up and shipping out:
Wallpaper is a fantastic way of adding a pop of personality to an otherwise bland room. The key word in that sentence is personality… that is unlikely to be the same as your potential buyers. For anyone who has decorated their home with wallpaper before, you know how long it can take to both remove old wallpaper and apply the new.
For this reason, it is best to avoid garish prints and instead opt for a few tins of flattering, light reflecting paint – this will be far more viewer-friendly, and less likely to make them gaze at that busy pattern you spent hours putting up, wondering how long it’ll take them to rip it down.
Save the quirky feature wall for your Pinterest board.
This one kind of goes without saying. Most rental landlords won’t accept tenants with pets for exactly this reason – they devalue the asking price of a property (as much as 5%!). Scratches, damage to skirting boards from chewing and just general “wet dog” smell can be very off-putting to someone looking at putting an offer in for your humble abode.
Of course, the very last thing we’d advise is to kick your beloved furry family member to the kerb – cats and dogs alike should be absolutely fine in your home, provided you’re able to mask their presence and keep any potential damage to a minimum.
Oh, and don’t forget to hide any toys, beds and bowls if you are to take a viewing. Being honest about your pets is great, but the less evidence that potential buyers can see of your pets, the more likely they’ll be to put an offer in!
We’re talking hyper-modern bathrooms and lavishly decorated kitchens. What do they all have in common, you ask? Expensive upkeep. And lots of it.
When faced with advice on how to increase your home’s value, predominantly the go to is to give your bathrooms and kitchen a makeover, as they can be costly and a cumbersome task, especially to a person who has only just moved in.
Because they’re expensive, we tend to decorate these spaces to suit our own eccentric tastes, which can be off-putting to a potential buyer if your sense of style is not compatible with the buyer! Stick with designs for mass appeal, and only renovate the parts of your kitchens and bathrooms that REALLY need some TLC.
Feeling inspired by the stunning home swimming pools you’ve seen in houses in the US? They look incredible, but before you go considering how you can cram a 20m pool into your back garden – would you believe us if we said that they can actually devalue the asking price of your property?
The maintenance and added expense that goes with the upkeep of a swimming pool is likely to far outweigh the excitement that a potential buyer might feel when they initially see it. It may also be off-putting to any families viewing your house – if they have small children, it could potentially be a hazard!
Thinking of making a few adaptions to your home yourself just before you get your property valued? Think again. A badly done DIY job can be really harmful to your prospects – even a poorly or partly done professional job should be struck off your list.
If you are going to DIY to save your pennies, make sure you actually have the time to complete it and have the know how to do the job properly before you begin. You may think that by doing it yourself you’ll be saving more money in the long run, but if you’re constantly having to fix your own work, chances are it will be more expensive than just getting it done by a reputable, professional company.