Things That Will Decrease Your Home Value in Omaha and Council Bluffs

Things That Will Decrease Your Home Value in Omaha and Council Bluffs
Homes By Chris Harter Your Local Omaha and Council Bluffs Real Estate Agent. Call: 402-378-9462 or www.homesbychrisharter.com

Buying your home in Omaha or Council Bluffs was probably the largest financial transaction of your life. So you certainly don’t want to do anything to decrease its home value and everything you can to increase the home value. The location-related factors that can decrease your home value in Council Bluffs or Omaha you can’t do anything about, but other factors are within your control. So let’s take a look at the things that will decrease your home value in Omaha or Council Bluffs.

Proximity to Power Lines and/or Train Tracks

Proximity to power lines and/or train tracks can decrease your home value in Council Bluffs or Omaha. Although both of these are needed for modern life, being too close to them can lower your home’s value in Omaha or Council Bluffs.

You need them for electricity, but it’s just not good to have powerlines too near your home in Omaha or Council Bluffs. There’s that annoying nonstop buzz, and they are simply unattractive. In addition, some research has suggested that living too near power lines can help promote certain kinds of cancer and other diseases.

If your home in Council Bluffs or Omaha is located near power lines, contact your local real estate agent in Omaha or Council Bluffs. Your local realtor in Council Bluffs or Omaha can help market your home to lessen the impact of this home value in Omaha or Council Bluffs decreasing feature.

Another thing that can decrease your home value in Council Bluffs or Omaha is close proximity to train tracks. Yes, being fairly near a commuter rail can be a big plus. But if your house in Omaha or Council Bluffs is too close to the tracks, its home value will decrease. The noise is the biggest drawback, as well as the danger it presents to children.

Unusual Upgrades

You need to keep in mind that your house in Omaha or Council Bluffs doesn’t exist in isolation, isn’t an island. It is also a part of the neighborhood. That means that whatever upgrades you make to your home should fit with the character and feel of the neighborhood.

If, however, your upgrades are unusual (when considering the neighborhood as a whole), you may decrease your home value in Omaha or Council Bluffs. For example, if you install an in-ground pool in the backyard in a colder climate where it will seldom be used and where no home in the neighborhood has one for that very reason, you may lower the home’s value in Council Bluffs or Omaha. 

So, again, the best course is to talk to your Council Bluffs or Omaha real estate agent before making any upgrades. An experienced local agent in Omaha or Council Bluffs can guide you in making upgrades that will increase, not decrease, your home value in Council Bluffs or Omaha. Reach out to Chris Harter and her team at Homes By Chris Harter at 402-378-9462 or www.homesbychrisharter.com

Deferred Maintenance and Deteriorating Paint

Two things that almost always lower a home’s value in Omaha or Council Bluffs and successfully drive home buyers in Omaha or Council Bluffs away are signs of deferred maintenance and poor paint quality. Here’s what the real estate pros say about these things and how they decrease your home value in Council Bluffs or Omaha . . . 

“Have a backlog of serious repairs, such as a leaky roof, damaged siding, heating, ventilation, and air conditioning or a spluttering HVAC system? If so, it’s best to tackle them ASAP. Letting them languish on your to-do list will only chip away at your home’s property value in Omaha or Council Bluffs. What’s more, it’s often more expensive to remedy these issues the longer you wait.”

Something as simple as peeling, deteriorating exterior paint can lower a home’s value in Omaha or Council Bluffs a surprising amount. It’s a turnoff for homebuyers in Council Bluffs or Omaha, and that will be reflected in the offers. In repainting, though, you need to be careful about colors that could still decrease your home value in Omaha or Council Bluffs. Painting your home in an offbeat color is negative. “ Homebuyers in Omaha or Council Bluffs favor neutral colors like gray, white, cream, and beige. So pick your colors with care and repaint the exterior when it starts to look bad.”

Bad Neighbors and Foreclosures

The character of the neighborhood can also impact a home’s value in Omaha or Council Bluffs. Two things that can negatively impact home value in Council Bluffs or Omaha are bad neighbors and foreclosures in the neighborhood.

Bad neighbors are typically those who have junk-filled yards, don’t maintain their homes, and/or hold a lot of loud parties. The neighborhood crime rate is also a factor here, as well as the presence of registered sex offenders in the neighborhood.

On a related note, another thing that can decrease your home value in Omaha or Council Bluffs is the fact of neighborhood foreclosures. “A foreclosure close to your home hurts your home’s property value in Council Bluffs or Omaha. That’s because appraisers look at a comparable selling price of a home in Omaha or Council Bluffs in your neighborhood when estimating your home’s value in Omaha or Council Bluffs. What’s more, foreclosed homes in Council Bluffs or Omaha may sit vacant without any maintenance for a long time. That also doesn’t bode well for your property value in Omaha or Council Bluffs.”

Over-Personalizing

Another thing that can decrease your home value in Council Bluffs or Omaha and that is entirely within your control is the amount of personalizing in and on your home. Do too much, and home value in Omaha or Council Bluffs could go down.

“When a home buyer in Council Bluffs or Omaha tours a house, they quickly take note of all the projects they’ll need to do. Topping their lists are things like removing quirky wallpaper, painting over unusual colors, and replacing conventional fixtures. If you’re going for something offbeat, try to ensure it can be easily removed or reversed when it’s time to sell.”

You need to strive instead for a blank-pallet effect, one that will allow potential home buyers in Council Bluffs or Omaha to envision your house as their home. Your local real estate agent in Council Bluffs or Omaha can help you get this right.

The Agent Advantage

As we mentioned, some of these you can’t control, but others you can. And that’s where you need to call on your local realtor in Omaha or Council Bluffs expertise. So if you’re ready to sell and don’t want to see a decrease in your home value in Council Bluffs or Omaha, reach out to Chris and her team at Homes By Chris Harter at 402-378-9462 or www.homesbychrisharter.com

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