Saturday, July 18, 2015

4 Mistakes That Decrease the Value of Your Home

 

Whether you're planning to sell your home in the near future, or further down the road, you don't want to make mistakes that could decrease the value of your home.  When you're selling your home, you're hoping for a meeting of the minds.  What a buyer sees as a mistake is not always the same as what you consider a mistake.
 
Here are four mistakes that could potentially decrease the value of your home.
 
1.     Following Trends - It's easy to get caught up in liking trendy new designs, but if that trend dies quickly, you'll find you won't be impressing buyers.  If it is a trend that is difficult to change, it could decrease the value of your home when you put it on the market.  That's because buyers will think about how much money they will have to spend to fix the trendy mistake.  So, you naturally want to make your home your style, but if you have plans to sell in the future, think about how the trendy renovation could impact the sale of your home.

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2.     Not Maintaining Appliances - You can sell a home "As Is"...meaning in the condition the property is in when buyers see it.  However, having lots of issues and repairs needed will decrease the home's value.  Cleaning up appliances that go along with the sale of the home is important.  If beyond cleaning or repair, it's worth replacing them.
 
3.     Not Sweating the Small Stuff - Show your care enough by tending to the smallest issues, such as fixing a faulty light switch or repairing a leaky faucet.  Buyers go through homes and turn on lights, open closets, cabinets and drawers, and even look in medicine cabinets.  They will also turn on faucets and flush toilets.  Keep small things like these in good working order.  It's easy to do and it will help lead to an overall better opinion of your home when it is time to sell.
 
4.     Going Wild With Color - Although you may like lively, bold colors...buyers generally like paint that is neutral.  That's because they can then see your home as a blank canvas to which, if they purchase, they can paint it the way they like it.  Extra bright or non-traditional colors can scare them off.  So opt for more neutral colors than funky purple and neon orange carpet.
 
Remember, avoiding some of these mistakes can help prevent buyers from thinking your home is worth less than you do!
 
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JUDY WROZIER
(314) 348-4033

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