Things That Can Reduce Your Home’s Market Value

  • Post category:Blog

A Home’s Property Value

As a homeowner, you usually give more thought to initiatives that will raise the home’s value. However, there are several, if not more, factors that might lower it.

Home values can change over the course of days, months, or even years due to various circumstances. While many of these elements are beyond your control, some of them are changeable.

Your strategy for maintaining or selling your house should be influenced by your understanding of how your home value can easily fluctuate. Let’s take a look at some of the factors that you can control and when you should call Whole House Home Inspection’s residential home inspectors in Atlanta to come and take a look at your property.

A messy home with newspapers lying on the floor

Poor Home Maintenance

Fix the problem as it arises. Not so difficult, right? After some time living in the same house, you could grow weary of spending a lot of money repairing anything that breaks. However, doing so will increase your home’s value.

If potential buyers learn that the house needs extensive repairs, they might not make an offer if they believe the repairs are costing too much. The longer you ignore issues like a dysfunctional HVAC system or leaky faucet; the lower your home value goes.

A home inspector will be able to do a complete pre-listing home inspection and examine everything thoroughly. Pay close attention to any issues with your basement, roof, gutters, heating and cooling system, and pests. You ought to take quick action to address these repairs.

The paint on your walls also has to be maintained. Similar to external house paint, interior wall paint that is damaged, of poor quality, or even simply unappealing will decrease your home’s value. That doesn’t mean you should try to cover mold or other infestations with paint. Get pest and mold inspection done beforehand.

Ineffective Or Unnecessary “Improvements”

While improvements and additions frequently increase the value of your house, this isn’t always the case. Firstly, unless you’re very certain that you are capable of performing work of a professional caliber, contact an expert home inspector in Gwinnett County if you wish to install a pool, expand the kitchen, or renovate the bedroom.

Even if you’re skilled at doing DIY tasks, large redesigns and makeovers have a million tiny things that could potentially go wrong. You could put up with a misaligned light or some mediocre tile work, but the majority of potential purchasers won’t.

Similarly, some improvements can dramatically decrease your house’s value. A prime illustration is including a pool when you live in a cold region. The more sensible improvement is letting a residential home inspector improve your water heating systems. Potential homeowners would appreciate working hot water more than a heated pool that may cost a lot to maintain.

No matter what big improvement you’re planning to make, a residential home inspection in Atlanta should be the first order of business.

Whole House Home Inspection provides numerous commercial and residential home inspection services that will help you get a better price. Our pre-listing and pre-purchase home inspection services include termite and mold inspection, air quality and radon testing, HVAC system checks, and much more.

Get in touch with us today!