Most of us have an idea of the things we can do to increase the value of our homes, but have you considered the things that reduce the value of your home and cost you money. Read out guide so that you can avoid these pitfalls.
Who lives next door to you is something that is completely out of your control, and hopefully you will have good and respectfull neighbours. Having bad or anti-social neighbours can have a negative effect on the value of your property in terms of how much you can sell for to get a sale to make it attractive to potential buyers. If you are having issues with anti-social neighbours, it is always recommended that you try to resolve any issues amicabily face to face, however if you are unable to find a resolution, you should report any issues and provide evidence if possible to your local authority. The sooner you get any issues resolved with anti-social neighbours the better.
You would be surprised how much kerb appeal contributes to the sale of a property. Potential buyers will judge your house on how it looks both externally and internally. You will struggle to achieve the price you expect for your property if potential buyers cannot see themselves living in your house. Make an effort to sell a dream so that potential buyers will pay a premium for your property – otherwise you may find yourself reducing the price to sell.
Alterations Without Planning Permission
Altering your property without the correct permissions could cause you headaches when it comes to selling. Any alternations need to be signed off as safe, and if these additions were made with permission, you may be required to remove these, costing you time and money.
If you are selling your house you are always advised to keep it neutral when it comes to décor. You may think you have the best tastes in the world, but your potential buyers might not agree. Not all buyers have the ability to see past your décor, so make it easy for them, by creating a blank canvas that they can use to imagine themselves living in your house with their possessions.
Everyone wants to feel safe where they live and people will pay a premium for an area with low crime rates. Crime in your area is something that is out of your control, however if this increases I can affect the price of your property, or make it less desirable to potential buyers, meaning you have to reduce the price to achieve a sale.
Owning a property in the catchment area of a good school can add value to your property, and likewise living near less desirable schools can make your property less attractive to potential buyers. If you are looking to buy a property, you should do your homework and research the local schools to make your property more desirable when it comes to selling, so you can charge a premium market value.