Mistakes that Decrease Your Home’s Value
Whether you’re looking to sell your home, boost the long term resale value, or if you just want to feel the pride of having the most curb appeal on the block, there a many ways to go right- but even more ways to go wrong. There are so many ways to lower the value of your property that we could never cover them all. Here at Bancroft & Associates in Tucson, we’re always looking for ways to help you buy better, sell better, and live better. So, to help you avoid the most common property value draining disasters – here are the five fastest ways you could suffer a severe decrease in home value.
While there are many ways to turn off potential buyers, here are some of the top five homeowner mistakes that are sure to drive any potential home buyer away.
First Glance Value
First impressions are everything. Let’s face it- every house we see- even for a moment gets an instant appraisal. Houses with rotting wood, peeling paint, encrusted dirt around the windows and doors, piles of leaves, decommissioned appliances or vehicles in the yard are all sure ways to make your house look unlivable. Always keep exterior surfaces clean and sealed- and keep that yard tidy.
Here in the desert heat of the Southwest, the extremes of temperatures will tend to crack pavement. This may not be the biggest threat to your home’s resale value- but property managers and experienced professionals will tell you that it is a persistent one. Fortunately, pavement cracks are easy to seal with a little spread-on cement or blacktop sealant. An excellent long term solution is to provide shade for the pavement with trees, awnings, and overhangs.
An Unkempt Yard
Yard maintenance can get out of control pretty quickly. It’s essential to stay on top of it as overgrowth and yard waste provide cool, moist spots for mold to grow in. This ruins wood and attracts pests and vermin. Keeping your yard clean and tidy is vital for the long term value of your home, but it’s also a big part of the first glance value we talked about earlier.
This might be a hard pill to swallow for some of you creative landscaper/homeowners out there. But few home buyers are eager to maintain the strange landscaping left behind by the previous owner. Every real estate professional will tell you- this is a drag on your resale value and will make your home remain on the market longer than it would otherwise.
Finally, we come to pool neglect. Letting a pool go uncared for is a sure way to turn a great feature into an unpleasant burden. However, if you keep it nice and clean, it will do wonders for the value of your home.
To learn more, get in touch with Bancroft & Associates. We’ll help you make sure your home holds onto its value, so you can get the most out of it when the time comes to sell or rent.