Top 10 Most Common Home Problems That Will Decrease Your Property Value

Common Home Problems-R

Before you decide on a fresh new color scheme or whether your remodeling budget can encompass a whirlpool, you must first identify repairs or deferred maintenance that need to be done. Does your home have a damp crawl space? Are there an insufficient number of electrical outlets? Do your windows and doors stick?

Today’s home buyers are very educated. They will not be bowled over by your remodeled basement with a home theater if they also notice the water stains around your basement windows. So in order to get the most bang for your remodeling buck, you must first address any maintenance and repair issues.

1. Water Damage. Within 24 to 48 hours after water has invaded your home, “toxic” mold can begin growing on water-soaked material, such as walls, floors, carpeting, books, clothes, and furnishings.

2. Grading and drainage problems. Improper surface grading and drainage lead to damp basements and crawl spaces. The most effective remedies for wet basements include regarding the ground away from your home repairing or installing a new system of roof gutters and downspouts.

3. Improper electrical wiring. Insufficient electrical service to the house, inadequate overload protection, and amateur wiring connections are also common home defects.

4. Roof damage. Roof leakage, caused by old or damaged shingles or improper flashing, is also a frequent house problem.

5. Older or poorly maintained heating and cooling systems. From blocked chimneys to unsafe exhaust disposals to leaking water heaters, these are all problems that stem from neglected heating and cooling systems.

6. Older or poorly maintained plumbing systems. The existence of old or incompatible piping materials, as well as faulty fixtures and waste lines, are some of the most common problems with plumbing systems. Many homes are indeed plagued by clogged drains, leaky pipes and toilets, and dripping faucets.

7. Poor ventilation. While you don’t want a drafty house, you also don’t want to button up your home too tightly. Homes that are “oversealed”- and do not have adequate ventilation – retain excessive indoor moisture. This can lead to rot and mold. Install vents and fans in unvented bathrooms and cooking areas to prevent condensation from damaging plaster, wallboard, and windows.

8. Structural problems. As a result of one or more problems in the previous categories, some home might sustain damage to structural components such as foundation walls, floor joists, rafters, or window and door headers.

9. Flawed exteriors. Defects in a home’s exterior, including windows, doors, and wall surfaces that let in water and drafts, are other common problems. Although they rarely cause structural troubles, they can cause discomfort and raise heating and cooling bills. Make sure your windows and doors have adequate caulking and weather-stripping.

10. Poor overall maintenance. Peeling paint, rotting decks, jammed garbage disposals, and broken light fixtures might seem more like cosmetic that serious problems, but they reflect the overall neglect of your home. Ignoring repairs does not make the need for them to go away.

A prospective buyer is leery of anything that raises a red flag. The more red flags, the more skeptical the buyer is going to be. Every trouble spot that comes up decreases the value of your home.

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2 Responses to Top 10 Most Common Home Problems That Will Decrease Your Property Value
  1. Paricia
    July 4, 2011 | 6:21 pm

    How much does a home decrease in value when there is structural damge to the foundation and what are my rights? I purchased the home in 2008.

  2. admin
    July 4, 2011 | 10:37 pm

    Hi Patricia,

    Thanks for your questions and I’m sorry to hear about your issue. Unfortunately, there is no simple answer. Determining diminution of value can be complex and would have to consider the extent of the damage, cost to remedy it and other factors. This would require the services of a Real Estate Appraiser who is familiar with these issues.

    As far as your rights, I would strongly suggest that you consult with a qualified real estate attorney, who could advise you of your rights, what remedies you could pursue and the process for doing so. If you choose to go this route and do not have an attorney in mind, you can let me know and I’ll do my best to point you in the right direction.

    Good luck.

    Jason Fischman, IFA

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