01/13/2023
Understanding the factors that can risk devaluing your home and taking them into consideration can put you head and shoulders above the competition. Here are 5 external factors that affect home value❗
1️⃣🚧 Prominent Infrastructure
Close proximity to power lines, commuter rails, highways, and other infrastructure could devalue your home significantly as a result of personal preference or safety and noise concerns.
2️⃣🎓 One Word: Location
Many buyers are looking for a home near amenities, such as grocery stores, banks, restaurants and entertainment. Being close to good schools is also attractive to young families.
3️⃣ ❌ Neighbourhood Eyesores
We’ve all seen them. That one house that sticks out like a sore thumb on a tree-lined street of pristine homes: the overgrown grass, old boats, kids toys strewn all over the yard. Not only are these things hard on the eyes, they also have a negative impact on the value of your house.
4️⃣🔪 Neighbourhood Crime
Now, unless you’re going to put on a cape or join the Neighbourhood Watch, you have absolutely no effect on the crime rate in your community. The crime rate, however, does have a significant effect on your home’s value.
5️⃣ 💦 Splish Splash
Some home buyers may dismiss a home that comes with a pool. The extra expenses and home maintenance that come along with owning one may be less attractive to buyers currently in the market.
𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐓𝐨 𝐁𝐮𝐲, 𝐒𝐞𝐥𝐥, 𝐎𝐫 𝐈𝐧𝐯𝐞𝐬𝐭?
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐞 𝐓𝐨𝐝𝐚𝐲!
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