Selling Your Home? These Top Factors Could Affect Your Property’s Value
Selling Your Home? These Top Factors Could Affect Your Property’s Value
If you want to make sure that you get the most value for your home, then you’ll want to make sure that it goes as smoothly as possible.
Written by Liz Bayardelle, PhD | See Comments | Updated 06/30/2021
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Selling Your Home? These Top Factors Could Affect Your Property’s Value
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If you want to make sure that you get the most value for your home, then you’ll want to make sure that you are not experiencing the below issues. If you are, it may be best to get them remedied before you put it on the market.
Japanese Knotweed Invasion
This may seem like a very harmless plant but at the end of the day, it can greatly impact the value of your home. It may even make it un-mortgageable as well. The root systems for these plants can easily grow three meters deep. It can burrow into your foundation, your wall cavity and even your underground structures too. If you see any signs of this at all then you have to make sure that you take the right steps immediately. You may struggle to sell your home if you don’t, and this is the last thing you need.
Basement Issues and Flooding
If you can, you need to try and make sure that you explore the idea of getting your basement issues sorted out too. If you have water leaking into your basement then this will really affect your property value. Basement waterproofing will certainly help you to sell your home faster if you are having issues like this.
Structural Damage to your Property Foundation
When you live in a property, you may not notice cracks in the foundation or even the odd damp patch, but surveyors and buyers certainly will. They’ll be keeping their eyes out for any kind of fault, so make sure that things like this are addressed or you may experience problems with your house price.
Unfashionable Furnishings
Shag carpets and orange wallpaper are not a good combination if you are trying to sell your home. Sure, it may have been the height of fashion when you first bought it but at the end of the day, it will impact your home’s value. Buyers are turned off by out-of-date furnishings and the same goes for scuffed paintwork or even floorboards. A lick of paint could work wonders for your property value.
General Street Appeal
Buyers will often form an impression of your home long before they step inside, so you have to make sure that it is a good one if you can. By cleaning up your garden and by fixing your paintwork, you can be sure to boost the appeal for your buyers and you can also make it look way more attractive.
Housing Surplus in your Area
If there is a housing surplus in your area, then this will also affect you. You have to make sure that there are not too many houses for sale when you list yours. If there are then you may find that you end up losing out. You need to wait to try and see if some of the houses get snatched up if you can because if you do, then you will have less competition to compete with and this will work in your favor more than you realize.
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Liz Bayardelle, PhD
Founder | Contributor
Liz (or Dr. Mommy, as her toddler started calling her after learning what a PhD was) is the happily sleep-deprived mom of a toddler (and professional raccoon noise impersonator), a sparkle-clad kidnado, a teenage stepdaughter, 200 cumulative pounds of dog, and herd of dustbunnies (if daily vacuuming doesn't occur). During nights and naptimes, she uses her PhD in business psychology as an author, speaker, and consultant. She also serves as an executive and principal for three companies, two of which she co-founded with her very patient (and equally exhausted) husband.