Once you’ve bought a house, you’re going to spend and invest a lot to improve it and live a better life. Don’t let these efforts go to waste, especially when the time comes that you have to sell your house.
When it comes to raising your house value, first impressions matter. Here are the avoidable mistakes that will affect your home appraisal:
1. Failed DIY projects and renovations
With the rise and popularity of “Do It Yourself” projects, it’s tempting to join and try making your own to save on money and create your design. However, a lot of these projects can go wrong in an instant, especially if you’re new to the task. Some DIY projects and renovation ideas may seem easy at a glance, but once you get into it, troubles may occur which may affect your house value.
To prevent this, you can start with simple tasks such as applying new painting. You can also do your research on the best materials and practices or ask for help from people to assist you.
2. Unpleasant house situation
You wouldn’t want to live near mould, mildew, and other moisture problems that seep into your walls and flooring. Another unpleasant situation to avoid is having an old or musty smell. In a home appraisal, most homeowners try to mask these through chemicals, but experts will smell through it (no pun intended) immediately.
To ensure your home is in pleasant condition, you have to eliminate the root cause of the problem. For moisture problems, you have to check for leaks and fix water problems. For odours, you have to clean your house thoroughly and remove the source. Sprinkling baking soda on affected areas is one of the best things that gets the job done.
3. Poor location
From the neighbourhood to your neighbours, your house location also plays a role in improving your home value. If you’re located in a place with poor conditions such as being near railroad tracks, having loud neighbours, and poor construction quality, chances are your house value will decrease (since most people wouldn’t prefer to live with these stressful circumstances).
When choosing a location, you also have to factor the environment. You have to be close to lifestyle centres, the business district, transportation systems, and public parks. Research the location well by talking to neighbours and studying the area so you can live with peace and quiet.
4. Not having enough space
There’s always room for more space in a house. This is an indicator that you’re preparing for changes in the future in case you have a growing family, need more storage, or want to transform rooms into work or fun spaces.
To give you an overview, a house appraisal and inspection covers most of the following: number of bedrooms and bathrooms, square footage, amenities (pool, garden, balcony, curb appeal, etc.), overall layout, appliances, and garage/storage space.
5. Changing market conditions
The real estate market is volatile and ever-changing. One day the market is in your favour, and then the prices suddenly drop the next week. To prepare for this, you have to get expert assistance to help you navigate the market. The expert must be able to predict the prices and should be familiar with the location you’re in so you can get a highly competitive price.
Your home is valuable, don’t let these mistakes affect it
If you’re thinking of having a home appraisal, you have to avoid these mistakes beforehand to avoid decreasing its value.
Take care of your home’s market value. For assistance, you can get a free consultation from the buyer’s agents at Buying Perth Real Estate. Contact Clive at firstname.lastname@example.org or give us a call at (08) 6215 0200 or 0412 926 190.