5 Things that could Destroy the Value of your Home
In the current economic climate selling homes has become a lot harder, which is why it’s always a good idea to maintain your home as well as possible. That way when buyers visit, they’ll find it hard to come up with a reason to make you a lower offer. But sometimes circumstances can completely ruin your house valuation and make selling through traditional methods very difficult. Take a look below for more information on 5 things that could completely destroy the value of your home:
1. Rubbish Dumps
Homes close to rubbish dumps or power plants tend to have lower than average asking prices. In fact, being close to a dump can reduce the value of your property by as much as 7%. In addition, homes only a mile or two away from a power plant can experience a drop in value of 4-7%.
If you’re collections are getting out of hand then do something about them before the time comes to move. For viewers, when a home is full of rubbish and clutter it’s very hard to visualise how it would look with their things in it or even how big it is. On recent article reported that a vendor had ended up taking £30,000 less than the asking price simply because he refused to fix a few problems and clean up.
Even if your home is fine, when other homes in your area are being repossessed it can drag the entire price bracket down. So if there are lots of boarded up houses near you it could affect your sale. In addition, messy neighbours with poorly maintained driveways can also put people off your home is if it’s possible try to get your neighbours to clean up.
4. Bad Schools
If your home is in the catchment area for a poor or closed down school then you’re likely to have less viewings from family buyers. Conversely, those who want to purchase a property in a good catchment area could find themselves paying a hefty premium.
5. Noisy Neighbours
Property experts always recommend that you should view a home several times before you purchase and one of the main reasons for doing so is to check out the neighbours. If the people next door to you are causing problems with pets, noise or anti-social behaviour then it’s best to speak to them about it first. If nothing changes then contact your local council.
So what if your home has been affected by a problem that’s seriously reduced its value? Whilst selling with an estate agent may be difficult, it’s quick, easy and completely free to sell your home for cash. When you need a quick sale it doesn’t have to be a disaster so why not get in touch with us today and find out how you could benefit from a cash house sale.