What is Impacting the Value of Your Home?

If you’re currently in the process of putting your house on the market, you want to make it as appealing a proposition as possible to any potential buyers out there. Unfortunately there are a number of outside influences that can factor into the buying and selling process and below we’ve rounded up a few of the biggest threats:

Naughty Neighbours

Whether they’re partying at all hours, have a constant stream of shifty visitors, or actively intimidate others on the street, naughty neighbours can be one of the biggest impacts on the value of your home before anyone has even stepped foot in your house.

Don’t be surprised if potential buyers want to view your house at various hours of the day and evening to get a better idea of the area and the people they’ll be living next to.

The Area

The area you live in is often one of the most important factors when it comes to buying and selling a property. You could have the perfect house but if it’s built next to a waste disposal centre then anyone is going to think twice about buying it.

This is one of the most multifaceted reasons for how the value of your house could be impacted as any variety of factors could have a knock on effect – it could be anything from worrying levels of crime in the area to poorly performing local schools which is putting families off from moving to your street.

Poor Maintenance

First impressions count, make no mistake about it. If your home is in a state of disrepair – whether the guttering is coming away from the house, the brickwork is crumbling, or the tiling needs replacing on the roof – then you run the risk of buyers being put off before they’ve even walked through the door.

Bad History

Though totally out of your control, the history of the house can knock serious money off the sale value. Whether it’s something as seemingly far-fetched as living on a potential flood plain or the fact there was once a murder in the house, any type of shock history is liable to leave potential buyers with very cold feet.

It could be that you knew about this prior to buying and it didn’t bother you, or it could be that you were unaware of the history yourself, but with the internet offering a wealth of information at potential buyers fingertips don’t be surprised if it puts them off.

Lack of Parking

Whereas home owners were lucky to have one car per family fifty years ago, these days it’s not uncommon for there to be two or three depending on the age of the family members. With this in mind, if you live on a terraced street where there is no off-road parking available, spaces tend to get claimed quickly and the security, insurance, and care implications of this fact can severely impact the value of your property.

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