Five Things That Could Decrease the Value of Your Home

bedroomIf you are thinking of selling your home somewhere down the road, there are a couple of things that the experts suggest that you NOT do because it could actually decrease the value of your home and make it less appealing to potential home buyers

Here are five things that could potentially decrease the value of your home or leave it sitting on the market for longer than you’d hoped:

Bold Paint Colors: When buyers view your home, bold colors may stick out like a sore thumb and they may look at it as an extra expense to have the walls repainted. If you decide to use a bolder color, we recommend using it on an accent wall with lighter shades.

Over-remodeled Kitchens: It’s one of the most important rooms in your home. However, there is a point where it can be overly done and doesn’t fit with the rest of your home. We suggest that you don’t go overboard—remodel so it matches the style and design of the rest of your home.

Ignore Landscaping: It’s the first impression that makes them want to walk in the door. Get rid of overgrown shrubs and plant new ones. If you have weeds growing in your lawn, apply a good weed killer. Fertilize the grass to make it look greener. Get rid of junk and toys in both the back and front yards.

Unfinished Projects: You may be doing them yourself or have hired a contractor who has not yet finished an improvement project. Either way, make sure it’s complete before listing your home for sale. Buyers may view it as costing them money or may not be able to imagine the finished project.

Wasted Space: Do you have a spare bedroom that has turned into a storage area? Or an office that is now an exercise room? Don’t leave them as-is. Return them to their originally intended use. Potential buyers want to visualize how every square foot can be used—especially if home prices in your area are somewhat tied to the square footage of your home.

Are you ready to take the plunge and sell your home? Meet with one of our Great Midwest Bank Loan Officers today. We can help you get started on the next chapter of your life in a new home.

(via LoanOfficerMagazine.com)

Photo credit: Pink Sherbet Photography / Foter /CC BY

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