Liabilities On Your Property
March 14th, 2006 by jhampton
We’ve looked at items that can build the value of your real estate investment. Today we’ll discover a few things to steer away from when purchasing a home.
1. A pool. Forget what you might have heard. An in-ground pool in most parts of the country doesn’t automatically raise the value of your home.
2. No garage or small garage. Unless you’re living in a condo, retirement community or historical or in-town neighborhood, most buyers will look for at least a two-car garage.
3. Garbled floor plan. Small rooms and bathrooms, an inconvenient floor plan or a layout that requires you to access bedrooms or bathrooms through other rooms will detract value from your home.
4. Outmoded appliances or systems. Who wants an electrical system or plumbing system incapable of handling modern conveniences? Would you buy a home if the appliances were worn or broken?
5. Stale or overly personal decor.
6. A bad roof. Roofs are expensive to replace and a good roof is considered standard equipment in a house. If your roof has problems, expect to take a hit in the price.
7. Bad location.
8. Poor maintenance.
9. Environmental hazards. Besides being a danger to human health, lead, mold or asbestos can kill home value.
10. A laundry list of needed improvements.
When considering a real estate purchase, be sure to get assistance from a professional wealth coach.
Relevant Tags: home value, personal goals, prosper learning, wealth buildingPosted on Tuesday, March 14th, 2006 at 8:07 pm In Real Estate Investment