The Overlooked Things that Affect the Value of a Home

You may not be aware of the many things that can affect the value of a home you are trying to sell. Many of these go overlooked and can be the reasons why your property sits on the market for ages. From odours and cleanliness to poor DIY jobs, here are some to be aware of.

The Condition of Neighbouring Properties

While you have no control over this, the condition of a neighbouring property can affect the value of yours. This is pretty unfair, but no one wants to live next to a home that’s in disrepair, no matter how stunning your property actually is. Working with an expert service like Bluefield Realty Group is the best way to get the advice you need when trying to sell your home. An expert realtor service, such as these Estate agents in Holland Park, can also give you realistic approximations of the property’s value.

The Cleanliness of the Property

Buyers will notice the condition of the property immediately, and there are some things you just can’t hide. For example, the walls and ceilings will be stained yellow, and rooms will smell if you smoke. Pets can also put buyers off. While your pooch might be your best friend, a home buyer just smells dog when they enter the property. Of course, a house must also be kept clean with mopped floors, vacuumed carpets and wiped down functional areas, but it’s obvious if these have been neglected.

The Value of a Home is Affected by the Decor

There are many things about the interior decor of a home for sale that put buyers off. For example, one survey found that 46% are put off by old wooden panels, 44% don’t like outdated bathrooms, and 35% were deterred by patterned carpets. Of course, there is nothing inherently wrong with any of these, as it’s pretty much each to their own when it comes to home decor ideas. However, it can help to pay attention to trends when staging your home for a sale.

Poor DIY or Unpermitted Work 

Many people have a go at DIY jobs in their homes, but not everyone is an expert, and a botched job is a major red flag. Buyers will be put off by poorly executed DIY jobs, such as wiring and appliance installations, because they can be potentially very unsafe. Before listing your home for sale, it will be a massive advantage to have an expert rectify any botched DIY job, or you will find yourself waiting for a long time for a sale, especially if the cost of fixing it is unreasonably high.

Numbers and Street Names

You may not believe this, but house numbers and street names can affect property value. Superstition can come into it as well as cultural influence. For example, homes with the number 13 in Europe can sit on the market and sell for less because of the associated negativity. However, this can also be the same for the number 4 in Japan! And the street can have an impact too. For example, “Boulevard” or “Place” are associated with higher property values.

Summary

The condition of neighbouring properties can affect the value of a home. Of course, the interior decor plays a critical role when selling a property. However, you may not know that the number and street suffix can also impact the value, with lower prices for the number 13, for example.

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