Capurro & Reid Real Estate,LLC

5 Common Things That Reduces the Value of A House

by Kevin Reid 02/25/2019

When trying to sell any property, getting the best deal is what you should try to achieve. However, this is not usually the case every time. There are factors, some within and others outside your control that could reduce the overall face value of your house.It helps to know some of the essential things that might prevent you from getting a good deal on your property.

1. Noisy Neighbors

Noisy neighbors are downright annoying and a turnoff. It is one of the external factors that reduce the value of a property. While there is nothing much you can do about this, it can reduce the overall value of a house by 5 to 10%.

2. Registered Sex Offenders

The presence of sex offenders generally limits the value of a home. That is not surprising as no one wants to stay in areas that have a terrible reputation due to that kind of crimes. Records have it that the presence of a sex offender can limit the overall value of a house by as much as 12%.

3. Horrible Schools

Many home buyers give massive preference to top quality schools before choosing a house. Records have it that home closer to high-quality school do benefit from the proximity. An area with good schools increases the overall face value of the property because it becomes attractive to families with children. The reverse is the case as well. Houses in the same neighborhood as low ranking or bad quality school are not usually valued high.

4. Some Renovations

Although renovations add to the overall value of a house, some upgrades can repel prospective home buyers. An example is a swimming pool in environments with cooler climates is a turn-off. This most times is due to the expensive upkeep. Besides, if you have gone overboard to maintain your lawn or garden, it could repel prospective homeowners. The maintenance obligation that comes with owning a carefully tended lawn can be discouraging to some potential buyers.

5. Unusual Colors

Bear in mind that the first things a buyer notice about your home is the color. If your house color stands out excessively among the house or properties in the neighborhood, it could affect the price negatively. Unpopular colors also apply to the interior. With odd colors inside, many potential buyers would dread living in it. Poor color choices might reduce the overall value of your property as the buyer will need to consider the cost of repainting.

Some of the things that affect the overall value of a home are out of your control. However, you can do all in your capacity to make the ones in your control work in your favor. Speak with a local real estate agent to help you assess your property's value before listing on the market.

About the Author
Author

Kevin Reid

Thank you for visiting my website. I have created it to be informative, interactive and helpful to both buyers and sellers alike.

I am a Broker/Owner of Capurro & Reid Real Estate, LLC. I have been active/licensed by the State of Nevada for the past 32 years, and a broker for the past 18 years. I am a lifelong native of the Reno-Sparks area, and I have the local experience and knowledge to assist you in your real estate needs.

If you own real estate that you're thinking of selling, I would be happy to provide you with a Free Market Analysis. Send me an email, and I will gladly provide you with current market statistics, and a market analysis of your property.

Whether you are buying or selling, hire professional like myself, who wants to earn your business. I am an e-Pro Certified Internet Professional, a designation recognized by the National Association of Realtors. I believe that technology as it relates to real estate, and how to manage it, is a crucial element in today's market.

In addition, if you have any general questions about buying or selling real estate in Reno/Sparks Nevada, please contact me, as I am more than willing to help. I invite you to contact me. I am happy to assist you with these very important transactions.

Sincerely,

Kevin Reid
Capurro & Reid Real Estate, LLC
9645 Gateway Drive, Suite "A"
Reno, Nevada  89521
[email protected]
775-850-5000 Office
775-722-0121 Mobile
866-394-1772 fax