Monday 5 August 2019

Factors that reduce the value of your house

People put their house for sale expecting a certain minimum sale value. At times, your home could fetch you an amount which is far below your expectations as it hosts some factors that work against the property, pulling its value down. Some factors could be unavoidable whereas the others, if given due consideration helps in enhancing the value of your home. Here are some of the things that needs quick attention to prevent reducing the value of your home:
Poorly maintained property
Uncared and poorly maintained properties have little to recommend and slashes the value of your home by a huge margin. And this includes cracked and neglected ceilings; peeling paint and flashy décor which are too loud; cracked or dull floors; an unsightly kitchen with worn-out cabinets and one that is over-personalized; bathrooms that lacks in aesthetics with leaky faucet or an outdated one, etc.

Inadequate parking space
Homebuyers check for homes that have sufficient space for car parking and one that provides a hassle-free parking experience. A property without adequate parking space is a big negative especially in tier I and tier II cities.

Poor location
A location that has bad neighborhood conditions like one that is surrounded by highways or with unpleasant views, or a location that is close to power plants or cell-phone tower will fetch a low price for your home.


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