There could be many reasons as to why your home’s value is lower now than it was when you first bought it. After all, inflation has done a number on the housing market, and who knows how much you’re having to fork out for your mortgage right now?
But aside from these two big issues, what could be specifically lowering the value of the four walls you live in? Because there are different reasons we all have to tangle with, and if you want to take more control over your home, make sure you keep the ideas below in mind for your next maintenance job.
Too Much Work
Yes, over-renovating or doing too much to change the look of your home can make it far less attractive to potential buyers. After all, you’ve done a lot of work, some of which can be questionable in terms of legality and/or sustainability, and you’ve put a lot of your own personality into the place. And when someone comes round to view a property, looking to settle into it themselves, they won’t want to see traces of the previous owner round every corner.
So if you’re planning to sell in the near future, you may want to get parts of your home converted back to the original use, or even just clear out the renovated areas to reduce the impact they might have. Of course, something like a loft or basement conversion can be a selling point, but make sure that conservatory is spacious and clean.
A Lack of Curb Appeal
Curb appeal is the number one thing to invest in before trying to sell a house, simply because it’s what forms a person’s first impression. And as we all know, a first impression can only be made once, and it needs to be good!
Indeed, even just giving the exterior of your home a clean can do wonders for your home’s value. Getting some premier pressure washing professionals out to wash down your siding and/or make your windows shine like never before will impress anyone passing your home on the street.
Bad Energy Efficiency
Then you need to ensure that your home is as energy efficient as possible; it’s one of the leading must-haves on the housing market at the moment, simply because our consciences are becoming greener and greener.
And seeing as it can be easy to make a few changes to how much energy your home uses, why not get started with boosting your home’s value right now? Even just getting a smart thermostat installed can do wonders for both your carbon footprint and your heating bill, and getting a ceiling fan rather than an AC will both cool your home and reduce the associated electricity consumption.
Your home’s value could be dropping day by day, but there are plenty of ways to stop the curve from getting so flat. Make sure you’re keeping your home clean, energy efficient, and try not to over-renovate!