As a homeowner it’s important to do everything you can to increase the value of your home. The last thing that you want to do is devalue your home. In order to determine the top ten ways that a home devalues we found this article for you. We hope it helps!
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From the article:
A lot of things factor into how much your home is worth, such as the location, the square footage, the school district and the number of bedrooms and bathrooms. Although several of those parameters aren’t easily changed, some are under a homeowner’s control.
As an astute homeowner, your job is to consider both what you can do to improve your home’s value, as well as what you may (inadvertently or otherwise) be doing to decrease it. Completing renovations and repairs might pay off to varying extents. In other cases, you may just have to put up with some of the things you don’t love about your home, but letting a house slip into disrepair is a surefire way to decrease its value. Whatever path you choose, it’s crucial to be aware of how you’re affecting your home’s bottom line and to understand what can be done to raise it back up.
One of the main things to remember while trying to boost your house’s value is that people have a wide variety of tastes. Those tastes may vary greatly both geographically and demographically. A house with the flexibility to suit a big slice of the population pie will be more in demand than one highly customized to any one particular lifestyle. The more people who find a house attractive when it hits the market, the better off you’ll be.
School District Details
If the schools in your area aren’t healthy and flourishing, that could be driving down the value of your home. It’s very common for homebuyers to want to move to places with top-notch schools. People with children will usually be especially cognizant of the quality of the schools in the areas they’re targeting their search. Other buyers, aware of the impact schools can have on property value, may make it a consideration as well.
There’s not an awful lot you can do to improve a school’s reputation, but studies have found that schools with involved parents often perform better. And good schools — along with concerned parents — often coincide with wealthier neighborhoods, so it’s a complicated playing field.
An Abused Bathroom
The bathroom is another room where you may want to pay some attention, but again, be sure to tread carefully. While you want to make sure you enjoy the fruits of your labor — especially if you aren’t planning on moving anytime soon — you want to ensure that lots of other people will like it, too.
Bathroom renovations and additions can help increase your home’s value, but going overboard with items like gaudy faucets, garish wallpaper and ill-chosen paint can be an easy trap to fall into. Sticking to mainstream and tasteful features will serve you better. If you do plan on moving, but not for several years, understand when that time rolls around, you might want to check out the current bathroom styles to see if yours is still in style or if it needs an updated look. If wallpaper was the route you took, you should probably expect it to take away some of the value from your home, unless you already intend on taking it down yourself and repainting in preparation for the market.
New flooring can also be a good move, especially if there’s been any damage, but carpet should generally be avoided, as should vinyl flooring. (This is true for the kitchen as well.) And while linoleum is making a comeback, it’s best to avoid it; many people still cringe when they think of it and the glue that holds it down. Some good options would be hardwood floors or various types of tile.
Last but not least, don’t forget to give some thought to the toilet. People can be pretty picky about toilets. As in the kitchen, they aren’t looking for reminders of past owners.
Looking for ways to increase the value of your home? Then checkout this article about increase value of home that could be of interest to you.
Discover all the ways here: http://home.howstuffworks.com/home-improvement/repair/top-5-devalue-house.htm