12 Mistakes Homeowners make that Decrease a Home’s Value
1. Enclose the Garage
You may want a family room, but when it comes time to sell, an enclosed garage is a huge turnoff to Buyers. Where do they park their cars now? Plus, such enclosures usually look amateur, and are often done without proper permitting.
2. Illegal Additions
If you choose to remodel or add on, get permits and use licensed Contractors. Aside from breaking the law, and aside from affecting the value, you may void your Homeowner’s Insurance Policy.
3. Lack of Maintenance
Neglecting simple maintenance can cost you thousands of dollars. For example, clogged gutters can cause rain water to wick up under the shingles, rotting the underlying deck. Failure to change the air conditioning filters strains the system and shortens its life. Neglected maintenance can be a Red Flag to home inspectors and Buyers.
4. Trendy or Gaudy Paint Colors
Tallahassee, Florida is a College Town. I saw a house recently that had FSU school colors. Every room was painted garnet (dark red), the doors and baseboards were painted gold. No Buyers liked it; no Agents liked it. Use neutral or subtle paint colors for the interior and exterior of your house.
5. Too much Yard for the Neighborhood
A house for sale in Tallahassee has more plants than many nurseries. But the neighboring houses have grass lawns with hedges. The house for sale, with all of those plants and foliage, sticks out like a sore thumb.
6. Overdoing the Outdoor Living Area
A Tallahassee homeowner just spent $100,000 on an incredible pool, patio, and outdoor kitchen. It looks like the cover of Southern Living magazine. The problem? The house is worth $200,000 at the most. He is asking $299,900. Not a chance!
7. Above Ground Pool, Trampoline
Get rid of these. They distract from the view of the yard. Plus, even though these pools and trampolines are expensive, they often cheapen the appearance of the property.
8. One Bathroom
People expect a minimum of two bathrooms, even in a small house. The best investment that you can make in your home is to install a second bathroom.
9. Losing Bedrooms
Converting a bedroom into an office or a gym? If you knock out walls, remove closets, or make structural changes, you have just reduced your house by one bedroom. Your 3 bedroom house is now a 2 bedroom house This makes a huge difference in value to Buyers (and Appraisers).
10. Bad Floor Coverings
If your carpet or vinyl floor coverings are worn or out of date, replace them.
11. Old Appliances
A Seller told me that her 1960’s kitchen range was still working perfectly, why should she replace it? Because it looks like a 1960’s range, that’s why! Your kitchen look old and outdated.
Smoke odor (especially cigarette smoke) is offensive to most Buyers. It is difficult and very expensive to get rid of smoke odor. Smoke outside, away from the house.
Coutesy of http://activerain.com/