Presented By: Haylen Group

5 Mistakes That Can Kill The Resale Value of Your Home

Haylen Group

Mistake No. 1: Neglecting The Curb Appeal

Remember that the front yard is the first thing potential buyers will see. If the front of your house looks in disarray, potential buyers will most likely think that the inside of the house is in the same condition. Under these circumstances some might not even pass your door step and your house is likely to attract bargain hunters looking for a good deal. I recommend this article to learn more about the latest trends in curb appeal improvement.

Mistake No. 2: Altering Core Features

I say “Yes” to modernizing a home but “No” to killing a functional lay-out or any core architectural features that are an intrinsic part of the value of the property. For instance, if you own an Eichler property which will typically features glass walls, it would be a grave mistake to replace these walls with regular windows.

Mistake No. 3: Overspending Inside And Outside

This is a common mistake made by many unaware home owners. To a certain extent, home owners who overspend lose sense of the actual value of their property. They are only focused on satisfying their needs to live in a nicer place without ever thinking about the potential resale value. You should not hesitate to upgrade your kitchen and bathroom where you get the most “bang for your buck” but do not splurge unnecessarily. Before you start renovations in your home, always ask yourself the fol-lowing two questions: Will I get my money back when I resell the place? Should I upgrade rather spending too much money in this place?

Mistake No. 4: Making Poor Decors ChoicesAs Rosie Amodio puts it in a recent blog on Realtor.com, the following mis-takes must absolutely be avoided when furnishing your new home: Buying everything at once and cramming rooms (take your time to decorate your home!), decorating around a legacy piece such as your mother’s armoire(which will push you into a certain layout or color scheme likely to be wrong) and trying to reproduce a page from a decor magazine.

Mistake No. 5: Lack Of Permit

If you do not get the necessary permits when tackling extension projects that need to be autho-rized by your City, the sanction is quite simple: The added square footage will not be included in the total square footage. If you do not add square footage but the work done still needed to be permitted, most realtors will take it into account and lower the asking price as new owners will have to deal with the risk of having to tear it down or take the necessary steps to address the is-sue at their own cost.

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