10 things that reduce the value of your home

Putting up your flat for sale in Kochi? You may be expecting a good price from this sale, but many a time a flat fetches an amount far below your expectations. Asset Homes, the most reliable realty brand in Kochi, brings to you a list of 10 things that reduce the value of your home.



1. Inadequate Parking Space
Hassle-free parking is the need of the day! For buyers, the lack of adequate parking space is a big negative.

2. Bad Floor Plan
If your flat has a bad layout, small rooms and bathrooms it will reduce the value.

3. Badly in need of large-scale Renovation
Ready-to-move-in houses are very much in demand nowadays! If there is many renovations required, many buyers will steer clear of the sale.

4. Poorly maintained Property
Poorly maintained flats for sale in Kochi will slash out a considerable amount from your home’s value.


  • Bad Ceilings

A flat with cracked and neglected ceilings will show your house badly and might reduce your home’s worth


  • Peeling Paint, flashy decor 

Many home buyers shy away from flats for sale in Kochi with peeling paint and decor in flashy colors.


  • Bad Flooring

Dull, cracked & grimy flooring can be one of the major reasons to reduce the value of your house.


  • An inconvenient Kitchen

Worn-out cabinets or stained sink might dampen the value of your home.


  • A bad Bathroom

If the bathroom in your flat for sale has outdated toilets & fixtures it will reduce a sizable chunk from your home’s value.

5. Outmoded Appliances and Fixtures
A flat with outmoded appliances and fixed gadgets needing repair may cause many prospective buyers to back off from the deal.

6. Cluttered Interiors
A flat with cluttered interiors, unclean or is dimly lit creates a negative impact on the sale.

7. Less connectivity
A flat which is located very far from educational institutions, transport hubs, shopping destinations, etc. fetches a lesser value.

8. Absence of Amenities 
Flats with lesser amenities fetch lower prices. Asset Homes flats in Kakkanad are rich in amenities like Swimming Pools, Children’s play area, etc.

9. Disputes with neighbors
If there are quarrelsome neighbors, the value of your flat for sale may go down.

10. Poor Location and Neighbourhood
A home near highways or Railway tracks or Airport fetches a lesser price. Flats in Kakkanad by Asset Homes bring great appreciation as they are near all facilities and amenities for comfortable living.

Comments

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