Here are some of the things that can affect your home’s value:
If you are trying to sell your home, you want to get the best price possible. However, it’s important to understand that there are many factors that determine how much your home is worth. For instance, things like your home’s location, your home’s age, and the state of the housing market, which can influence your home’s value. Additionally, there are certain factors within your control that can also affect your home’s value. Here are some of the most surprising things that can negatively affect your home’s resale value.
- Having Too Many Belongings
When your home is cluttered and messy, potential buyers will have a hard time looking past the disorganization. This bad impression will hinder your ability to sell your home. In fact, surveys show that homes that are professionally staged and organized spend 73% less time on the market than homes that are not. So, for the best chances of selling your home quickly and at the best price, you should thoroughly clean and declutter your home.
- Showing an Empty Home
Ironically, while clutter is a turn off for buyers, so are completely empty homes. Oftentimes, empty rooms can appear smaller and can make a home seem barren and sad. To help buyers visualize your home’s potential, you should keep your home furnished and decorated. When a home looks move-in ready, buyers are far more apt to put in an offer for the home’s list price.
- Having a Converted Garage
While it may have made sense for your family to convert your garage into an additional living space, chances are this will not sit well with buyers. Even if you have all the necessary permits, converting your garage is not a smart resale strategy. Typically, buyers prefer having a place to park over an additional recreational or living space.
These are some of the factors that can affect your home’s resale value. Are you in the market for a new home? Then you should also be shopping for a new Homeowners insurance policy. For assistance with all your coverage needs, contact an insurance professional at Westwood Insurance Agency today.