5 Things to Watch Out for that May Lower Your Seller’s Home Value
Several factors affect the worth of your house, such as the number of bedrooms and bathrooms, the square footage, proximity to local transportation, school districts, etc. While most of them are not in your control, there are several variables that you can control.
As a homeowner, you need to think about what features can add value to your house or which features can decrease it. With the help of the MV Realty Homeowner Benefit Program, you can shape and modify your house perfectly to boost its value and eliminate things that retard the selling process.
Here are the five surprising things that can devalue your home.
- Low-Quality Exterior Paint
Curb appeal is the most important aspect that attracts buyers. Exterior paint that’s cracked, peeled, or faded can ruin your house’s impression. According to MVRealty, another thing that can devalue your house is painting it with an offbeat color. Typically, buyers look for neutral colors, like cream, white, gray, and beige.
- Low Maintenance
Listing your house without repairing and maintaining it is the biggest mistake. Damaged siding, a leaky roof, and a non-functional HVAC system can significantly decrease house value, even if you plan to improve them later. It’s better to fix and repair everything in your house before inviting interested buyers to inspect your house.
- Extraordinary Personalization
Personalizing your house is fun and a lovely way to decorate your property. But personalization projects prevent buyers from visualizing themselves in the house. While inspecting, buyers also take note of projects they need to do once they purchase your house.
The list might include painting over unusual colors, removing bizarre wallpapers, and replacing old fixtures. So, if your house has something offbeat, make sure that you remove or replace it before listing.
- Garage Conversion
Many people believe that converting a garage into a home office, playroom, gym, etc., is a cool idea and boosts home value. But it’s surely a way to lower your property value.
This is because many homebuyers want a place to park their cars and store garden equipment. Convert it back into a standard garage to sell your house according to the market value.
- Highly Decorative Yard or Garden
Everyone is busy, and no one wants to have a yard and garden that requires a lot of maintenance. Having lots of plants, decorative pieces, and outdoor furniture may prevent people from purchasing your house. So, declutter your yard and garden, and keep the items that need less maintenance.
Improving some of the above things may need a bit of money. You can enjoy the benefits of MV Realty’s Homeowner Benefit program to improve your house and make improvements. If you want more tips about how you can sell your house at a greater value, you can check out MVArticles. This platform offers you tips and tricks to sell and buy homes, as well as some factors and considerations that every homeowner should know.
Whether you’re buying, selling, or joining our innovative Homeowner Benefit Program ®, it's the Smart Move. MVRealty