4 Ways To HURT Your Home Value
Most of our blogs talk about ways that you can improve the value of your home. However, there are a few things that you can do that will actually decrease the value of your home. Some of the things that can devalue your home are beyond your control, such as your neighbor’s property going into foreclosure, so why take the risk of bringing the value down even further. Make sure that the changes or renovations are smart and will pay you back when you sell your home.
- Going over the top with your home improvement in a neighborhood that swimming pool behind a $60,000 house. An appraiser cannot give the full value of the improvement because your home cannot be valued drastically higher than the other homes in your area.
- Closing off the front porch is another mistake that homeowners make when updating their homes. If you think that gaining an additional room by closing off the porch will increase the value of your home, think again. Potential buyers may see this as a turn off if they’re interested in the area and the people in it. A closed-off porch prohibits easy interactions with the neighborhood. If you want to enclose it, consider screening it or enclosing a portion of it while leaving the rest open.
- Having an above-ground pool after you’ve made the decision to put your
- Most people fancy themselves as part of the DIY movement, but when it comes to big projects in your home, it’s best to leave them to the pros. Homebuyers can spot a sloppy job a mile away. What you save in renovations, you will lose when it comes to sell. Plus, going with a professional can help you make good choices, because they usually know what’s popular but not too trendy as to look dated in a few years.