When it comes to owning a home, property value is a big deal. Homeowners want to make sure their investment retains its value or increases over time. Unfortunately, there are many things that can decrease the value of a property. Here are some of the most common culprits:
DIY projects that went wrong: While DIY projects can be a great way to save money, they can also hurt property values if not done correctly. Poor workmanship, outdated styles, or unfinished projects can be a big turnoff to potential buyers.
Insufficient curb appeal: The exterior of a home is the first thing a visitor or potential buyer will see, so it’s important to keep it looking nice. Overgrown yards, peeling paint, and an unkempt appearance can all hurt property values.
Interior wall paint that is ugly: The colors you choose for your home can have a big impact on its perceived value. Bright, bold colors and outdated wallpaper can turn off potential buyers.
Inadequate maintenance: Regular upkeep is essential to maintaining property values. Neglecting necessary repairs to the roof, HVAC system, or foundation can all hurt a home’s value.
Carpeting that runs from wall to wall: While some people may prefer carpet over hardwood floors, wall-to-wall carpeting can be a turnoff to potential buyers. Carpet is notorious for trapping dust and allergens that can affect air quality, and it can also be harder to clean.
Unnecessary clutter: When it comes to home value, less is often more. Overcrowding a home with too much furniture, knick-knacks, or family photos can make rooms look smaller or cluttered.
Unpleasant smells: Finally, bad odors can be a huge deterrent to potential buyers. Cigarette smoke, mold, pet odors, or strong cooking smells can all turn off visitors and hurt property values.