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Common Things That Lower A Homes Value

Common Things That Lower A Homes Value

Buying or selling a home is a major life decision and there are many things to consider before you actually list the property.  If you are selling a home, you will want to make sure that it is in tip-top condition before listing it. If you are buying a house, you want to be aware of anything that might lower a property’s value. 

It is important to note that both the interior and the exterior of a home are equally important. When a person first buys a property, they will often spend a good deal of money on interior decorating and they will ignore the exterior of their new abode. When preparing a home for sale, you should make sure any problems with the outside of the structure are addressed.

Where is the Home Located

Most people have heard the old adage that the most important thing in real estate is “location, location, and location.” You may think that this only refers to the walkability and safety of the neighborhood in which the residence is located. However, there are other issues with the location that may come up.

If your home is located near a railroad track, it may decrease in value because no one wants to be wakened by a passing train in the middle of the night. If a potential buyer has children or pets, safety may also be an issue if you are too close to a railroad track. 

Being near a highway or major road can cause similar problems. The sound of traffic and the glare of headlights can be very disquieting.

 If your home is near power lines, it can also lower your property value. Although studies have been inconclusive, some people believe that power lines can be bad for your health. They are certainly unsightly and the noise from them can cause a person to have insomnia. 

Be sure to check out the registered sex offender list before buying a home. Safety is a major concern for any potential buyer and that begins with getting a good idea of who lives in the area.

Unusual Modifications

Although it may be good to have your own style, it is not always a good idea to distinguish your home from others in the neighborhood. Neighborhoods tend to have a similar aesthetic theme. Some people may not like it if you add a sunroof or a porch to a structure or if you put in a backyard tennis court when no one else has one.  It may ultimately hurt the value of your property. 

The Color Scheme

It is also a good idea for a home’s exterior to be the same color as those around it. If you choose anything radically different from the overall look of the neighborhood, you may have problems selling the house. It is best to keep the exterior conservative and similar to the homes in the immediate vicinity. The interiors should be a neutral color, so potential buyers can get a good idea of the home’s potential without the distraction of loud paint or ornate wallpaper. 

Finding a Realtor

When you look for a realtor, make sure to get references and ask them about their work experience. If you need to sell your home quickly you may want to consult a Florida cash home buying company. Selling your home for cash can be a fast and hassle-free way to get rid of it. The sooner you get your money, the sooner you can start decorating your new house. A little knowledge and planning can make your home’s sale both fast and painless.

Authoritative Sources:

https://www.forbes.com/sites/stevensalzberg/2014/09/01/do-high-voltage-power-lines-cause-cancer/#4d4398bc6497

https://www.nsopw.gov/

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