Do you know what your home is worth? To you, it may be priceless. But a potential buyer may only notice whether or not there are granite countertops, an open floor plan or a well-groomed lawn when deciding whether to buy and what to pay. To get top dollar, it helps to know what could hurt your home’s value, whether you’re looking to sell now or later. Some factors are out of your control, while others have simple solutions.
Here are 13 threats to your home’s value and a rough sense of their potential impact:
1. Location (high impact)
2. Lack of updates (low-medium impact)
3. Bad floor plan (medium-high impact)
4. Foreclosures in your area (impact varies)
5. Rental properties in your area (medium impact)
6. Major systems and structures, like A/C or roof (high impact)
7. Swimming pool (impact varies)
8. No garage (impact varies)
9. No fence (low impact)
10. Stigma/History (impact varies)
11. Allergens (low-medium impact)
12. Curb Appeal (low-medium impact)
13. Clotheslines (low-medium impact)
To read more of this article, please visit: http://realestate.msn.com/13-big-threats-to-your-homes-value-1