Neighbour’s Unsightly Property Scares Potential Home Buyers : The Saturday Weekend Review #260

WHEN THE WEEDS DO THE TALKING AND THE BUYERS DO THE WALKING   Buying a home is a big decision for anyone to make which is why there are so many factors that can increase and decrease the potential value of your property, one of them being your neighbour’s house. I know people might say to mind your own business but in today’s world no one wants to buy a property next to a house that looks like a salvage yard. You probably worked hard to save for your down-payment and want that money to be spent on a home that brings you joy which includes the surrounding neighbourhood. This is why there are sought-after neighbourhoods and those to avoid. Would you risk losing 5-10% of your house value because your neighbour can’t be bothered to keep their property in decent condition? Probably not because no one likes to lose money for nothing but this is the reality many home sellers face today which is why we want to move to the country where it’s just us and nature.   Ways to decrease the value of your home   When you decide to put your property for sale no matter […]

The Saturday Weekend Review #41: Would you buy a house that has a spooky or illegal past?

Behind Closed Doors Lurks A Story You Might Want To Know You are looking for your dream home when you suddenly find it but then you also find out there is more to the home than meets the eye. Getting my daily dish of Yahoo this morning I was reading about whether Satanists decrease the value of a home. The article had me thinking about what other things might decrease the value of a home that was out of the ordinary and would I put an offer on a home of that calibre. I don’t suspect the property assessment with the Multiple Property Assessment Corporation (MPAC) would be affected as they value the homes that are comparable in the neighbourhood so we might not see any value decrease reflection documented when the paperwork arrives. Then again, what do I know? Whether it was a grow op house for sale, illegal activities, someone may have died or even worse was murdered inside of a house would you put an offer in on a house you fall in love with knowing this information? There was a time last year where a beautiful home sitting on a large property in our city was […]

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