Posted by: kgreenrealestate | December 1, 2010

5 decreasing values to avoid when selling

Most people when contemplating the sale of their home ask what increases the value of their home. I thought I would touch on the opposite subject.

Value can be thought of in 2 ways, 1 being monetary, other -Buyer turn offs(or potential).

1.Colors in a home can be a prohibitive, for sure. It is best to keep in mind “neutral colors” when fresh painting, or fresh carpeting for preparation of marketing.

2.Outdated kitchens, baths can be a value deterrent, as today’s Buyer(s) are always looking for “newness” in a home.

3.Non “curb appeal” can be a negative from the point of a potential Purchaser to the extent of them not even wanting to go inside the home, once they drive up or drive by.

4.Not having the “WOW” factor when the house is entered &  shown to prospective Buyers. You only have one time to make a first impression, as the saying goes.

5.Kind of a mixed message on this, the last, but to be cautious on expenditures to make the home more “sellable.” Sellers can spruce up a home and make it more presentable by being smart with their dollars. More times than not, the thought of “well, I put 10,000 dollars in, I should get 10,000 out” is made. This usually is the farthest from the truth, although it may produce a quicker sale time because of it….


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