While there are a number of little (and big) things you can do to up your home's price tag, there are also a few projects that can have a negative effect on the value of your property, these include:
- Eliminating bedrooms
- Adding features in the wrong places (i.e. squeezing in an extra bathroom that cuts into living space)
- Improper installations (attempting to drywall, wiring your own electrical, etc.)
- Not passing inspections
- Installing bath and tub surrounds that attract mold
Some of the factors that can turn buyers and renters off when you're trying to sell or gather new income are often out of your control, but they're things you should be aware of. The 5 biggest turn-offs:
- Mold
- Structural damage
- Rodents
- Insects
- Lead
It's easier to help people make good decisions, rather than help people fix a bad decision. The most common bad decision? Buyers letting their emotions get the best of them. People make emotional decisions. They fall in love with the place, and try to afford it later. This never works out well.
