What Brings Down Property Value? 7 Surprising Things That Can Hurt Your Home’s Worth
Whether you’re planning to sell your home or just want to protect your biggest investment, it’s important to know what can bring down property value. Some factors that affect your home’s value are beyond your control, such as market conditions, interest rates, and the economy. Others, like neglected maintenance or poorly done renovations, can directly reduce your property’s worth. While you can’t change everything, small improvements now can make a big difference later. Here are eight factors that could be hurting your property value – some you can fix, others to keep on your radar. Table of contents 1. Neglected maintenance 2. Outdated or overly personal design choices 3. Poor curb appeal 4. Unpermitted work 5. Bad odors 6. Over-customization 7. Overpricing your home What about the factors you can’t control? What brings down property value and how to fix it 1. Neglected maintenance If your home needs a lot of work, buyers will notice – and...