How to Kill the Value of Your House

How to Kill the Value of Your HouseWow! Really uplifting title, right? Not something that would normally be the aim of the team at Australian Heritage Homes. That being said, educating our customers is, and that was one of the main focuses of starting this blog. Here at AHH, we believe that empowering our customers with knowledge is the very best way to ensure that you make the decisions that make the most sense for you and your loved ones. On a regular basis, we ensure that we share engaging, entertaining and informative content is readily available for our biggest asset – you!

On to our negative but important topic for the day. When you purchase a home, it’s one of the biggest investments that you can make. It’s one of the most important and for good reason. That being said, it’s one of the most high-maintenance investments, that requires a lot of time, money and effort. It’s really easy to dive in to ownership and spend your energy in all of the wrong places. Read on for more advice:

  1. Don’t ignore your curb appeal: It’s the visual perception that you give off right away. It’s the first impression and the last thing that you see when you leave. Per Angi and a Houzz landscaping survey in 2018: “To get maximum curb appeal for minimum effort,” Shugrue advises, “you need to maintain the yard, get colorful flowers and put them in nice pots, mow the lawn and handle any brown spots.” These are easy and affordable tasks, whether you hire an expert or do it yourself. You could also add beds, borders and shrubs – the most important elements of a front yard.”
  2. Ignoring maintenance problems: It’s easy to turn a blind eye to issues in your bathroom, kitchen and other areas. Don’t. When you do, you open yourself up to all sorts of costs that can accumulate over time and cause stress. It’s one thing to have an outdated style of bathroom, but shares that 75 percent of buyers want two working bathrooms or more. Did you know that a new bathtub can cost anywhere from $300 to $3,000? That’s a big delta, based on style and materials. Make sure that you work with an expert on projects like this, you’ll regret it if you don’t.
  3. This one may be controversial but aim to not echo another era unless you’re going to commit. Yes, period homes have character, but they can be difficult to flip or sell. Buyers may see it as an expense down the line. We’re noticing more and more that experts see old features as unappealing, so while you may have grown attached to different elements of your home that are dated, it could hurt your bottom line in the future.

You’re intrigued, we know. And don’t worry, this is just the first in a series of posts on this topic for the Australian Heritage Homes blog. Questions? Comments? Let us know. We can’t wait to hear from you!