Buying or selling a home is one of the most significant life decisions we make, and while most of us are aware of the major factors affecting the price of a home – location, overall condition, transport links and school catchment areas – some of us may overlook the smaller details that could well steer away a potential buyer.
Elliot Castle, Property Expert at home buying company We Buy Any Home advises on what not to do now, so that you can safely sell your home for the best possible price in the future:
1. Don't install a pool
While a swimming pool sounds like a luxurious and enticing home feature, surprisingly, it can also be a deterrent for home buyers. 'Some buyers can be reluctant to purchase property with pools or other water features as they consider them unnecessary added expenses and extra maintenance required on the home. People with small children may also consider the pool a dangerous element to the property. If the pool is badly maintained or in disrepair, then this will also have a negative impact on the value of your home.'
2. Don't get rid of a bedroom
Getting rid of bedroom has also been cited as a sure way to decrease the value of your home. Castle cautions against the temptation to make too many alterations to your home, such as merging two bedrooms into one of replacing a bedroom with a bathroom. 'The more bedrooms your home has, the higher the price it can command. Listing prices are set by looking at how other similar homes are selling for in the same market, and the number of bedrooms is an important characteristic used to compare two properties, so when you start eliminating bedrooms, essentially, you’re changing the comparable value of your home.'
3. Don't DIY if you can't DIY
Poorly executed renovations also ranked highly on the list of reasons homebuyers found some properties less attractive than others. Only undertake renovations yourself if you are an experienced DIYer; and if you are hiring a professional to do it, always check their credentials first.
4. Don't let pets run amok
A home may lose some of its value due to smelly pets and the damage they can do to a property. Castle stresses that this doesn't mean that you'll have to get rid of your beloved pets – but you will need to take extra care of your home, and conceal the presence of animals from potential buyers. 'Make a conscious effort to keep on top of any damage that pets may cause, paying close attention to their hygiene and odour by providing frequent baths. Also ensure that they are completely out of the way when hosting viewings, remove their bowls, beds, toys from sight. The less of a pet a buyer sees in your home the better!'
5. Don't let relationships with neighbours deteriorate
Unruly pets have nothing on unruly neighbours, however. A rude, antisocial neighbour who loves to do noisy DIY on a Saturday morning? You could be in for trouble when it comes to selling your property. 'Bad neighbours have the potential to knock tens of thousands of pounds off your home’s value. The difficulty is that by law you should disclose any issues that you’ve had with your neighbours to any potential buyers which can make selling your property challenging.
If the issue is behavioural then it is harder to solve, but if the issue is in your neighbour’s property appearance then there are ways that you can attempt to manage this. Communicating with your neighbour about home improvements would be the first step, calmly explaining the situation may work in your favour. Your neighbour may not realise the damage that they are doing to their own property’s value, together you may be able to come to an agreement that will work for you both.'