Understand the causes that influence the devaluation of a property

When assessing the value of a property, some factors contribute directly to its appreciation, such as a good location, pleasant views and an impeccable state of conservation. These elements are essential to guarantee comfort and peace of mind to potential buyers.

However, it is equally important to pay attention to the aspects that can lead to the devaluation of a property . Understanding these factors is essential for the broker to offer quality service and assist their clients assertively. Do you know what are the main items that negatively impact the value of a property?

1. Poor state of conservation 

One of the main factors that contribute to the depreciation of a property is poor condition. It is important to think from the buyer’s point of view list of costa rica cell phone number database as they will have to spend a lot of money on renovations and painting. This applies to both the interior and exterior of the property: if the facade is poorly maintained, it is unlikely that someone will make a good offer on the property.

2. Lack of security – devaluation of a property

When someone buys a property, they take a number of factors into consideration, and security is one of the main ones. No one wants to buy a house in a neighborhood where robberies are frequent, right? Therefore, this is yet another factor that depreciates the house or apartment. This is also why condominiums tend to be more sought after and valued.

3. Unkempt lawns and gardens

Even if your home has a nice outdoor space, it won’t attract more interested buyers if the lawn is overgrown with weeds and poorly maintained. Dirty pools and scattered leaves also don’t add to the beauty of your home. So, it might be worth giving the place a good cleaning before scheduling any viewings.

4. Excessive decoration – devaluation of a property

You also need to be careful with the decoration. Ideally, the property should have a clean style, white colors and few pieces of furniture. Of course october 18th is doctor’s day! this is not always possible, but in general, it is good to avoid too many objects scattered around the house and too many colors. This way, the potential buyer does not have a bad impression of the property, more people will be interested in the space and there is no need to considerably reduce the price to guarantee the sale.

5. Lack of garage

Even if the buyer doesn’t have a car, they probably have plans to buy one. That’s why most of their clients consider the presence of a garage before closing the deal. The more garages a property has, the higher its value. On the other hand, if there is no garage available, the property is worth less.

6. Little space – devaluation of a property

Small bedrooms, living room combined with kitchen and lack of leisure areas are factors that reduce the value of the property. Anyone who invests a lot of money in a purchase expects comfort, right? For that, space is needed. Therefore business sale lead in general, the smaller the area of ​​the house or apartment, the lower its price.

Now, how about working to enhance the value of those points that may prove to be more problematic? Read our post How to enhance the value of a property during the visit?