Email Post to a Friend: Sellers: Don't Let These 5 Things Impact Your Property Value

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March
1

Things That Impact Property Value - Sell a Home - CB Prime Properties

Your home's value is determined by two types of issues: (1) things you can control and (2) things you cannot. Despite the things you can't change, you can improve your home's value to ensure that it's among the most desired Albany homes for sale.

Our real estate agents are familiar with the factors you can control and can help you maximize your home's value:

  1. Lack of Curb Appeal
    As the old saying goes: You never get a second chance at a first impression. Curb appeal is shorthand for everything someone sees as they drive up to your home, including the front yard, windows, porch, front door, and exterior paint. If your front yard is a tangled mess of weeds and faded and chipped paint, all your potential buyers will see are the thousands of dollars they will need to spend to fix the curb appeal. Conversely, your home will shine with a manicured lawn, clean windows, and a fresh coat of paint.

  2. Outdated Kitchen and/or Over-Designed Kitchen
    Once buyers enter your home, they will likely check out the kitchen first. Your kitchen can go wrong in two ways. First, it can be outdated as indicated by old appliances, damaged linoleum, or worn-out cabinetry. In this case, a few well-placed fixes can dramatically change your kitchen, such as a fresh coat of paint and updated furnishings. These are relatively affordable and can significantly improve the look of the space. The second way your kitchen can go wrong is if it is over-designed. It's great if you love to grill and installed a professional-kitchen quality stovetop grill and island, but maybe the next buyer for your home is a vegetarian or prefers to order-in. If you're remodeling your kitchen for sale, stick to the basics.

  3. Outdated Bathrooms
    The bathrooms are the second place people scrutinize. A drab bathroom with dark colors, a dirty tub, and peeling paint are a great way to reduce the perceived value of your home. Like the kitchen, a few small changes such as replacing the toilet set, replacing the fixtures, a fresh coat of paint, and a deep clean can dramatically improve your bathroom's appeal. Like with the kitchen, don't impose too much of your aesthetic. Stick to neutral tones and standard styles.

  4. Wasted Space
    The best part of owning your home is that you can customize it to suit your needs. Maybe you turned a bedroom into a closet or a gym. A potential buyer is stuck with your vision of the space rather than seeing the possibilities. The buyer will see your home, not as five bedrooms and three baths but three bedrooms, a gym, extra closet, and three baths.

  5. Taste-Specific Decorating
    Finally, taste-specific decorating is a great way to turn off potential buyers. They may not see past an ultra-modern fireplace, brightly painted walls, shag carpet, or any other design feature that is highly specific to your aesthetic. A real estate agent can help return your home to a classic, neutral appearance that encourages buyers to envision their style in your home.

Don't hesitate to contact us about strategies to increase your home's value.

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