So you are thinking about selling your home soon. Take a look and see if you have made or are planning on making mistakes that could decrease the value of your home. That’s because what a buyer sees as a mistake is not always the same as what a seller considers a mistake. Let’s uncover some of the mistakes that sellers make that can potentially decrease the value of their home.
Following decorating or home improvement trends. Painting your interior walls a trendy color is an easy fix for most people. But keep in mind that trends that are difficult to change could decrease the value when you put your home on the market. Buyers will think about how much money they have to put into the home to fix the trendy mistake. Make your home your style, but if you plan to sell it in the future, think about how renovations may impact the sale of your home. Unusual renovations or poorly implemented “Do It Yourself” projects could cost you more money in the long run.
Not maintaining appliances. Seller’s often want to do no repairs or improvements prior to selling their homes. We often hear Sellers say they want to sell the home “As Is.” When a buyer walks through your home and sees obvious damage or poor maintenance, they are mentally deducting what they perceive the cost to fix those issues from the list price of your home. Secondly, when the home inspector provides the buyer with a a report of issues on the property, you can often lose out on the opportunity to save the sale of your home. Too many issues and repairs will decrease the value. Additionally, most buyers are not willing to or able to spend a lot of money on new appliances. They expect that the appliances that convey at the sale of the home will be in good working order. So, cleaning up appliances that will convey with the home is important. If they’re completely messed up, it’s worth replacing them.
Not keeping it cool or warm in the appropriate season Buyers want to be comfortable when they are viewing your home. You may prefer temperature extremes in your own home or perhaps your heating or cooling just isn’t up to snuff. But if you want buyers to hurry in and out of your home, overheat them and you’re sure to have them running for the door. Stifling, hot, muggy homes are not fun to tour. Turn the AC on to a comfortable temperature to ensure your potential buyers take their time to really see your home. And in the cold winter months, Buyers want to be in a cozy warm home. Any extremes in temperature will turn away buyers and may cause them to assume your home needs repairs to the heating or cooling.
Not Worrying about the Little Stuff. What may seem insignificant to you could be a major issue for your buyers. You need to care enough to tend to even the smallest of issues such as fixing a faulty light switch or replacing burned-out bulbs. Buyers go through homes and turn on lights, flick switches, open closets, cabinets, drawers, and even look in medicine cabinets. Keeping small things like these in good working order can help lead to an overall better opinion of your home. Some of the common items that buyers see as signs of neglect on a home are difficult door knobs, locks and bolts; bad light switches; dripping faucets; running toilets; noisy bathroom fans; wobbly ceiling fans and more. Be sure to pay attention to these items.
Going Color Crazy. So the you just love the Pantone Color of the Year – Marsala 18-1438. You may like a bright purple wall throughout, generally speaking, buyers like paint that is neutral. They are looking for a blank canvas which they can make their own. Extra bright or non-traditional colors can scare them off.
Keep buyers from thinking your home is worth less than you think…don’t make these mistakes. Need help deciding what changes to make to your home before selling, give us a call