Ignite FB Tracking PixelSome Common Things That Reduces the Value of A House - Kristi Gonzalez, DRE #01877616
HousePro Realty, Inc.
Kristi Gonzalez, DRE #01877616, HousePro Realty, Inc.Phone: (858) 688-1802
Email: [email protected]

Some Common Things That Reduces the Value of A House

by Kristi Gonzalez, DRE #01877616 08/25/2019

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

Kristi Gonzalez, DRE #01877616

I am the Broker of HousePro Realty, Inc.  My team serves all of San Diego County and we have had the opportunity in the past 20+ years to help numerous clients buy and sell homes.   

If you are selling a home,  we never charge any more than the negotiated commission.  If you are buying a home we never charge you any fees at all.  

Many brokerages now do, so always ask upfront if the company/agent you are considering using will be charging you any additional fees, such as transaction coordinator, admin or doc fees, etc.  

Our services include helping you sell your home for the best price, in the least amount of time, with process as smooth as possible, making sure you complete all required disclosures to avoid legal issues later.  

If you are  buying, we will help you find the right home, assist you in arranging financing, negotiate a good purchase price on your behalf, and will handle all the details of the transaction to ensure a smooth closing. 

When the time comes for you to purchase or sell a home, let us put  our 20+ years' experience to work for you.  We would appreciate the opportunity to represent you and  we look forward to the opportunity of becoming your trusted real estate resource.  

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Let me know how you were referred to my company and we will provide you with a set of Cutco Knives Value up to $200, at closing, if you list or purchase a home with HousePro Realty, Inc. representing you.

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Refer a client to my team and we will make a donation to Charity, in your name, when the home closes escrow.

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Attention all Military Veterans, Nurses, First Responders, Firefighters, and Law Enforcement officers. My team provides a reduction in commission if you list your home with us and closing cost credits if you purchase a home with my team representing you. Thank you all for your service to our country.

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