In today’s economy, it’s not hard to increase the value of your home, but that being said, there are a number of things that can decrease your home’s value needlessly. If you’re looking at selling your property any time soon, ideally, you will want to make as much money on it as possible. This means you need to do your part to eradicate potential issues before you put your house on the market.
It can be difficult to know what might decrease your home’s value, but here are five things that will almost definitely affect the resale value.
1. Japanese Knotweed
Japanese Knotweed is a homeowner’s worst nightmare, and for good reason. It’s an invasive species that can choke out all other wildlife in your garden. Not just this, but it can cause serious damage to the structural integrity of your home if the roots extend that far. Split concrete and damaged foundations are just two of the issues Japanese Knotweed can cause, both of which are very serious and undesirable for people looking to buy a home.
It can be difficult to eradicate Japanese Knotweed which means anyone who moves into your property will be responsible for dealing with the issue moving forwards. With this in mind, try and get control of the problem before you sell your house as you may find your home will sit on the market for a long time if you don’t.
2. Damp Issues
Another undesirable and potentially costly issue that can impact your home’s resale value is damp. It’s very easy to spot and often fairly easy to treat, but only if it’s caught in time. If your house has an issue like rising damp, this can damage brickwork and the structural integrity of your house. Again, no one will want to buy your house for a good price if they’re going to need to do extensive work on it before they can live in it. With this in mind, make sure you sort damp as and when it crops up.
3. Old Facilities
Unless people are looking for a project house, most people will want a home with nice, modern facilities. This may include integrated appliances and a decent three-piece suite in the bathroom. If your property has old kitchen and bathroom facilities, this could affect the re-sale value, especially if they’re not entirely usable or you have a number of plumbing or water pressure issues.
You don’t necessarily need to install new facilities, but freshening them up in the way of new flooring, bright wall/tile paint, and potentially adding vinyl to the countertops to make them look newer could make all the difference presentation wise.
4. Unkept Garden
A lot of people focus their efforts on the inside of their house, forgetting that the outside has just as much of an impact. The garden is the first thing prospective buyers will see when coming to view your house, so it’s important to keep it well maintained. Fix the fence, mow the lawn, and remove any junk or debris that is taking up space.
5. Lack of General Maintenance
The final thing that can affect the re-sale value of your home is general maintenance. All houses have snag lists of things that need to be looked at, but if yours is a big list, this could be off-putting. For example, if your tap is leaking, a roof tile needs replacing, there is a rip in the living room carpet, or your guttering is broken, these should all be fixed before you think about selling your house in Arizona. Presentation matters, and as mentioned, most people will be put off by small snags – especially if they have bigger ideas for the house anyway. With this in mind, make an effort to fix snags in order to show your house in the best light.