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21 April 2016

Mistakes that Devalue Homes

You naturally want to make the most money out of your home, particularly when it is time to sell it. However, it is easy to make mistakes that can devalue homes and turn off potential buyers. Here are some mistakes to avoid.
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You naturally want to make the most money out of your home, particularly when it is time to sell it. However, it is easy to make mistakes that can devalue homes and turn off potential buyers. Here are some mistakes to avoid.

“Some Last-Minute Shrubbery Will Earn Me More Money Tomorrow.”

House hunters generally like well-maintained gardens, but unlike what many think, getting plants at the last minute can devalue homes. Mature gardens are more valuable. “People know when you’ve just done something for the sale,” according to landscape designer Luke Beilby. “You need to plan ahead. If you’re thinking about selling before Christmas next year or next spring – often people are selling in spring because you’re getting all that colour, especially in Melbourne – then you should be trying, if you can, to plan 12 months out. Juvenile trees often look weak and thin; they really do need a full footy season.”

“The Area Has No Plans.”

The lush greenery that serves as a great view from your home, unless it is your own garden, may not always be there. The woods outside your house can easily be converted into a commercial building, taking away one item of the list of your home’s appealing traits. Take the time to find out any future plans for your neighbourhood and nearby areas.

“I’ll Remove This Bedroom.”

As tempting as it is to convert a bedroom into an office, an artist studio or a home gym, keep in mind that the number of usable bedrooms in your home directly affects its value. If you absolutely need the room for a different function, it is best to make sure that your space can still be marketed as a bedroom later on. Talk to a professional on how to keep your renovation flexible.

“DIY Saves Me Money.”

One costly mistake that can devalue homes is attempting to do all the home renovations without professional help. Instead of saving money, many end up with devalued homes and shelling out more cash to fix substandard work. It is best to always seek professional advice before undertaking a major renovation.

Get in touch with us about renovating your home for resale. Our building designers are ready to help. Get custom house plans in the Gold Coast.

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