{"id":21070,"date":"2022-12-29T15:15:00","date_gmt":"2022-12-29T23:15:00","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=21070"},"modified":"2022-12-29T09:21:57","modified_gmt":"2022-12-29T17:21:57","slug":"common-factors-that-affect-home-value","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2022\/12\/common-factors-that-affect-home-value\/","title":{"rendered":"Common Factors That Affect Home Value"},"content":{"rendered":"<p style=\"text-align: justify;\">Finding out exactly what your home is worth can be a tough pill to swallow. Your house is likely filled with priceless memories and before an appraiser nitpicks every last inch of it, you\u2019ll want to make sure you\u2019ve done what you can to ensure your return on investment is as high as possible.<\/p>\n<p style=\"text-align: justify;\">Understanding the factors that can risk devaluing your home and taking them into consideration can put you head and shoulders above the competition. While many of these factors are out of your control, there are some that aren\u2019t.<\/p>\n<p style=\"text-align: justify;\"><strong>5 External Factors That Affect Home Value<\/strong><\/p>\n<p style=\"text-align: justify;\">Prominent Infrastructure<br \/>\nClose proximity to power lines and power plants, commuter rails, highways, and other infrastructure could devalue your home significantly as a result of personal preference or safety and noise concerns.<\/p>\n<p style=\"text-align: justify;\">One Word : Location<br \/>\nMany buyers are looking for a home near amenities, such as grocery stores, banks, restaurants and entertainment. Being close to good schools is also attractive to young families.<\/p>\n<p style=\"text-align: justify;\">Neighbourhood Eyesores<br \/>\nWe\u2019ve all seen them. That one house that sticks out like a sore thumb on a tree-lined street of pristine homes: the overgrown grass, old boats, kids toys strewn all over the yard. Not only are these things hard on the eyes, they also have a negative impact on the value of your house.<\/p>\n<p style=\"text-align: justify;\">Neighbourhood Crime<br \/>\nNow, unless you\u2019re going to put on a cape or join the Neighbourhood Watch, you have absolutely no effect on the crime rate in your community. The crime rate, however, does have a significant effect on your home\u2019s value.<\/p>\n<p style=\"text-align: justify;\">Splash Splash<br \/>\nThe pool where you spent weekends relaxing in the sun with your feet up may be filled with memories for you and your family and friends, but some home buyers may dismiss a home that comes with a pool. The extra expenses and home maintenance that come along with owning one may be less attractive to buyers currently in the market.<\/p>\n<p style=\"text-align: justify;\">Now, let\u2019s talk about the things you can do to avoid losing out on big bucks!<\/p>\n<p style=\"text-align: justify;\">Butt out!<br \/>\nIt\u2019s no secret that cigarette smoke is detrimental to your health and those around you, but did you know that smoking indoors can affect the value of your home as well? The odour, along with the yellow stain it leaves on walls and fixtures, is enough to devalue your home by 29%.<\/p>\n<p style=\"text-align: justify;\">Think you spent a lot of money buying cigarettes? Consider this : On a $900,000 home, you risk losing $261,000. If you have always had trouble quitting smoking, at the very least take it outside.<\/p>\n<p style=\"text-align: justify;\">Reno Disaster<br \/>\nFind a quality contractor with a proven track record for excellent work and don\u2019t hire someone just because they can do it cheaper. Cheap work usually means cutting corners, which can actually be more expensive in the long-run if you need to re-hire another contractor to fix past work.<\/p>\n<p style=\"text-align: justify;\">Lackluster Curb Appeal<br \/>\nThe first impression of your home is made the second a potential home buyer drives up to it. Making a good impression can be as simple as making sure your lawn is freshly cut, your shutters and garage doors have a fresh coat of paint and your gardens are weeded and tended to.<\/p>\n<p style=\"text-align: justify;\">Retro Rooms<br \/>\nOutdated kitchens and bathrooms can decrease the value of your home significantly. You don\u2019t need to call in a renovation company to completely remodel the place, but adding a few modern updates can be a huge value-add. Fresh paint, new fixtures, and a new countertop may be all you need.<\/p>\n<p style=\"text-align: justify;\">Furry Friends<br \/>\nA strong pet odour, dog and cat hair, or scratched floors will decrease home value. A solid cleaning and repair of any pet-associated damages can ensure this doesn\u2019t happen. You may also want to consider having your pet stay with a loved one while you are trying to sell.<\/p>\n<p style=\"text-align: justify;\">Personal Taste<br \/>\nWhile you may love your Parisian-inspired motif, not everyone does. While most design elements are removable, home buyers have a hard time visualizing their d\u00e9cor in an already decked out space. Consider simplifying your staging approach by using a minimalistic approach. A fresh (neutral!) coat of paint and some quality flooring will make all the difference.<\/p>\n<p style=\"text-align: justify;\">Keeping these factors in mind, you can take steps to ensure higher value in your home. Understanding buyer\u2019s wants and needs will also help you check all the boxes on their wish lists. Want to know more about what they\u2019re looking for? Take a look at the top features home buyers want.<\/p>\n<p><a href=\"https:\/\/www.zoocasa.com\/blog\/common-factors-that-can-risk-devaluing-your-home\/\" target=\"_blank\" rel=\"noopener\">Common Factors That Can Risk Devaluing Your Home<\/a> by zoocasa<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finding out exactly what your home is worth can be a tough pill to swallow. Your house is likely filled with priceless memories and before an appraiser nitpicks every last &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2022\/12\/common-factors-that-affect-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-21070","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Common Factors That Affect 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\/2022\/12\/common-factors-that-affect-home-value\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Common Factors That Affect Home Value &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Finding out exactly what your home is worth can be a tough pill to swallow. Your house is likely filled with priceless memories and before an appraiser nitpicks every last &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/12\\\/common-factors-that-affect-home-value\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/12\\\/common-factors-that-affect-home-value\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Common Factors That Affect Home Value\",\"datePublished\":\"2022-12-29T23:15:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/12\\\/common-factors-that-affect-home-value\\\/\"},\"wordCount\":772,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/12\\\/common-factors-that-affect-home-value\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/12\\\/common-factors-that-affect-home-value\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/12\\\/common-factors-that-affect-home-value\\\/\",\"name\":\"Common Factors That Affect Home Value &#8226; 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