Selling your home is a huge decision that should not be taken lightly. When putting your property on the market, it is important to take every measure to ensure that you are getting the best possible price for your home. However, there are certain things that can devalue your property and ultimately, cost you money. In this blog post, we will discuss 7 things that can devalue your property when selling up.
Poor Curb Appeal:
A good first impression is everything when it comes to selling your home. If your property lacks curb appeal, then potential buyers are less likely to show interest in it. Simple fixes like adding some potted plants, painting your front door or cleaning up your lawn can do wonders for your home's appearance.
Outdated Decor:
Dated features such as wallpaper, old light fixtures, and unmodernised kitchens and bathrooms can be a huge turn-off for potential buyers. It is important to update your property before putting it on the market. This doesn't necessarily mean a full house renovation, but simple updates such as a fresh coat of paint, new light fixtures or updated appliances can make all the difference.
Poor Maintenance:
No one wants to purchase a property that requires a lot of work. Poor maintenance can significantly decrease the value of your home. Simple things like fixing
leaky faucets, replacing broken tiles, and repainting walls can go a long way. Taking care of any necessary repairs and ensuring your property is in good condition can help increase its value.
Unpleasant Odours:
Unpleasant smells can be a real deal-breaker for potential buyers. Smoking, pet odours, and cooking smells can all negatively impact the value of your property. Make sure to eliminate any lingering odours before putting your home on the market. This includes deep cleaning carpets, curtains, and furniture, as well as using air fresheners or diffusers.
Lack of Natural Light:
Natural light is an attractive feature in any home. If your property lacks natural light, it can make it feel dull and uninviting. To increase the value of your home, consider installing larger windows or skylights, removing heavy curtains or blinds, or trimming surrounding trees or bushes to let in more light.
Overpricing:
Overpricing your home can scare away potential buyers and increase the amount of time your home spends on the market. Do your research and work with a reputable estate agent to determine a fair price that will attract buyers without undervaluing your home.
Lack of Storage Space:
Storage is a crucial factor for many potential buyers. If your home lacks storage space, it can be a major factor in decreasing your property's value. Consider installing shelving or built-in wardrobes to maximise storage space and appeal to potential buyers.
When it comes to selling your property, it is important to be aware of the things that can devalue it. By ensuring that your home has good curb appeal, is updated, well-maintained, smells good, has natural light, is priced correctly, and has plenty of storage, you can maximise the value of your property and ultimately get the best possible price. Don't let these easily fixable issues decrease the value of your home – take action now to ensure you get the most out of your sale.
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