Visible Maintenance Issues That Could Devalue Your Home
In a buyer’s market, sellers rarely get the price they want for their property.
When the market is in this flux, sellers should pull out all the stops to increase value. If your home happens to be a in a badly maintained condition, it could be even harder to sell.
First impressions are everything when it comes to property. A broken feature here, a leaking tap there, all these little niggles can put potential buyers off. It could also have a serious impact on your property’s value.
It’s not possible to put an exact monetary value on the impact of broken or badly maintained features. But we do know that it always hits sellers the hardest and where it hurts most – in their pockets.
Here is a look at a few glaring maintenance issues that could devalue your home.
Loose or Frayed Electrical Wires
Electricity is one of the most important things needed to keep your home functioning properly. If you notice loose or frayed electrical wires, plug sockets that trip the mains or ones that aren’t working, call an electrician before putting your house on the market.
Broken Air Conditioner and Heating systems
Because seasons are so stark in South Africa, home owners don’t always realise that one system might be broken. Paying close attention to these systems when they haven’t been used for a while is important.
Before starting your air conditioner, make sure it is clean (remove debris and leaves from outside units) and change any filters suggested by the manufacturer. When you turn on your heater for the first time, it is normal to smell burning dust and residue.
This should be temporary. However, if it persists, or if you notice the unit is not delivering warm air through your vents after a few minutes, call a technician immediately to fix it before your property goes on sale
It is important to keep gutters and downspouts clear of leaves and debris to prevent clogging. They should also be checked for blockage and leaks either from holes or joints
It’s not possible to put an exact monetary value on the impact of broken or badly maintained features.
Some areas may need to be re-secured to the wall or re-sloped to ensure they operate correctly. Remember to always make sure that they drain away from the house.
Broken Windows and Doors
You need to replace broken or cracked panes of glass and apply new putty where needed. Finishes should be checked for paint deterioration and rot. Homeowners should also ensure that the seals around all the doors and windows keep drafts out.
Check door frames to determine whether they are properly fitted. Bent door frames or ones showing some movement during a relatively short period could indicate structural issues.
Plumbing often gets ignored, but it is critical to the sale price of your home. Leaking taps, toilets that do not flush, blocked drains (inside and outside) are all things to consider. Fix these issues or, better yet, regularly maintain these features before they turn into a bigger problem.
As a seller, you will need to put yourself in the potential buyers’ shoes and seriously investigate everything in your home; from the interior to the exterior. The rule of thumb should be if a buyer will notice the problem either before or shortly after he enters the home – fix it.
At PropertyFox, the homeowner hosts the viewing to give the experience a more personal touch. This way you can ask any questions with regards to maintenance and get the answers immediately. Phone or email us today for more information.