Proximity to certain facilities and businesses
According to various real estate studies, your property value can be adversely affected by its proximity to certain facilities and businesses such as:
- Bad school (22.2 percent)
- Strip club (14.7 percent)
- Homeless shelter (12.7 percent)
- Cemetery (12.3 percent)
- Power plant (5.3 percent)
- Shooting range (3.7 percent)
An ugly yard
First impressions matter, it’s called curb appeal. So, don’t expect to sell your house for big bucks if your yard is in poor condition or strewn with junk. On the other side, a yard with complex landscaping or a koi pond can also chip away at your home’s property value. That’s because most future homeowners don’t want the extra hassle and maintenance costs. A big no-no in terms of yard attractiveness is having trees located too close to your house (under 20 ft.).
1 thought on “10 Unexpected Things That Decrease Your Property Value”
Hello,
I certainly don’t agree with some of your “Unexpected Home Cost Decreasers” In fact some of the very things you advise against, appealed to me. So, it really boils down to the individual buyer who may want exactly what YOU don’t. For example, in each room, I’ve put down stunning Persian Carpet that is framed by a beautiful oak floor. Chacun à son gôut! That sun room on your list of “don’ts” (with the Persian carpet and oak wood floor) sold me for that house.
Thanks,
Patrick