{"id":15553,"date":"2020-05-11T11:11:00","date_gmt":"2020-05-11T18:11:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=15553"},"modified":"2020-04-30T12:57:23","modified_gmt":"2020-04-30T19:57:23","slug":"positive-negative-factors-that-affect-the-home-value","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2020\/05\/positive-negative-factors-that-affect-the-home-value\/","title":{"rendered":"Positive &#038; Negative Factors That Affect The Home Value"},"content":{"rendered":"<p style=\"text-align: justify;\">Homeowners often search for smart ways to increase the value of their houses without breaking the bank. From maintaining gardens to adding energy-efficient appliances, various factors can add value to your property.<\/p>\n<p style=\"text-align: justify;\">On the flip side, there are a few factors that can decrease the value of your house. Damaged moldings or water leaks in the basement can be major turn-offs for potential buyers. This guide will tell you about some of the factors that positively or negatively impact your home\u2019s selling price.<\/p>\n<p style=\"text-align: justify;\"><strong>Positive Factors<\/strong><\/p>\n<p style=\"text-align: justify;\">1. Schools<br \/>\nHomes near reputable schools are more likely to fetch higher prices than houses on the outskirts. Parents don\u2019t want to go searching for schools after shifting to a new house. They may agree to meet your asking price if your home is near a top-rated school in the city instead of an Ofsted Grade 3 school.<\/p>\n<p style=\"text-align: justify;\">2. Names and numbers<br \/>\nThe property name or the name of the road where your house is located can increase the property\u2019s value by as much as 73%. Houses with addresses ending with \u201cterraces,\u201d \u201ccourts,\u201d or \u201cstreets\u201d tend to have a lower price compared to houses on the \u201cWarrens.\u201d Similarly, homes with names \u201cPrincess,\u201d \u201cQueen,\u201d or \u201cKing\u201d fetch more money. You can get in touch with the Royal Mail to know which names you can use.<\/p>\n<p style=\"text-align: justify;\">3. Energy efficiency<br \/>\nEnergy-efficient houses will have higher price tags than homes with little regard for energy efficiency. Potential buyers would know that they will eventually save a lot on electricity bills in the years to come. They may not hesitate to pay slightly more upfront for an energy-efficient house.<\/p>\n<p style=\"text-align: justify;\"><strong>Negative Factors<\/strong><\/p>\n<p style=\"text-align: justify;\">1. Unpleasant history<br \/>\nDoes your house have an unpleasant history like murder or haunting episodes? If yes, a potential buyer may not want to meet your asking price. No matter how beautiful the house looks, a tainted history can put off potential buyers and decrease the property\u2019s value by up to 17%.<\/p>\n<p style=\"text-align: justify;\">2. Air and noise pollution<br \/>\nPotential homeowners who want to move in with their families would want to live in a house that is far from air and noise pollution. Those with children may not want to invest in a property that puts their children at risk of experiencing breathing troubles due to air pollutants. Houses in such locations would cost considerably less compared to Lake County real estate, for example, where properties are surrounded by greenery and far from the air and noise pollution in many cities.<\/p>\n<p style=\"text-align: justify;\">3. Structural or water damage<br \/>\nPoor plumbing system, water leaks, or cracks in the foundation of the house can significantly decrease your property\u2019s value. Make sure you check these areas thoroughly so that potential buyers don\u2019t have to deal with them for themselves. Moreover, poor maintenance of your house can also put off buyers. Try to get rid of the dirt or bad odor from your house before putting it up for sale.<\/p>\n<p style=\"text-align: justify;\">Now that you know the factors that positively and negatively influence the selling price of your house, take the necessary steps to ensure that potential buyers cannot help but meet your asking price.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/realtybiznews.com\/6-factors-that-can-positively-or-negatively-affect-your-home-value\/98758590\/\" target=\"_blank\" rel=\"noopener noreferrer\">6 Factors That Can Positively or Negatively Affect Your Home Value<\/a> by Jamie Richardson | Realty Biz News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Homeowners often search for smart ways to increase the value of their houses without breaking the bank. From maintaining gardens to adding energy-efficient appliances, various factors can add value to &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2020\/05\/positive-negative-factors-that-affect-the-home-value\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-15553","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Positive &amp; Negative Factors That Affect The Home Value &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2020\/05\/positive-negative-factors-that-affect-the-home-value\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Positive &amp; Negative Factors That Affect The Home Value &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Homeowners often search for smart ways to increase the value of their houses without breaking the bank. 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