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6 factors that could devalue your property

As the old saying goes, ‘every little counts’, but when it comes to selling your home and moving up the property ladder...it really does!

Over the years, we make countless renovations, tweaks and updates on our properties, assuming that whatever we put in, we will get out in the end. It most cases, a little DIY can pay off; however, there are some exceptions, which could cause more harm than good to the value of your property. So, before you go into project planning overdrive, consider the points below.

1. Removing a bedroom

If your family have flown the nest it can be tempting to convert a bedroom into a home gym, study, or storage. However, it is important to remember that the number of bedrooms in your home affects the value of your property. If you are in need of some extra space, make sure the room can easily be turned back to its original state once you come to sell the family home.

2. Neighbourhood disputes

When someone comes to sell their home, there is a legal responsibility to bring up any serious feuds or disagreements they have had with neighbours. Unresolved problems regarding access, privacy etc. can unfortunately spill over from one owner to another. The possibility of walking into a ‘war zone’ isn’t exactly an appealing offer for any potential buyers, so wherever possible, remain on good terms with your neighbours.

3. Untidy children’s bedrooms

Despite it feeling like a lifetime sometimes, the hours you spend battling with your children to tidy their bedrooms could actually pay off. According to a study carried out by the mortgage provider ING, a messy child’s room can deduct up to £8,000 off the value of the property.

4. Poor home improvements

Where a quality, well installed kitchen could add thousands to the value of your property, mediocre renovations can have the opposite effect. If buyers feel that the renovations will have to be redone, there is a good chance they will make a lower offer to compensate for the additional work or keep looking for a move-in ready home.

5. Garish colour schemes

The bright green bathroom and pink lounge might have seemed like a good idea at the time, but the truth is over the top paint choices can turn buyers off. Neutral colour schemes are the preferred choice for potential buyers, so if in doubt, keep it simple.

6. Luxury garden features

Last month, we mentioned that over the top garden features, for example, a swimming pool, can have a negative impact on the value of your property. Unless your property is in the top end of the market, expensive, high maintenance water features could have a damaging affect on any potential offers.

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