How Basement Condition Affects the Value of Your House?
There are many factors that determine the value of your house. As an example, the bottom part of your home is an essential. In many homes, basement just becomes a side note. In fact, bad basement condition is the reason why many houses are not getting sold. When you plan to sell your house, you should make sure that it’s worth the price. If not, the sold sign on the lawn will just collect dust. If the basement is in disrepair condition, potential buyers won’t feel at home, the moment they step inside your house. You may not be able to satisfy the requirement of each potential buyer, but the basement should become a great feature of your home.
Other than your lawn, family room and walls, you also need to spruce up the basement. If you significantly improve the basement, you will also bump up the price of your house. The trick is to make people think that your house is a good deal. It’s relatively affordable to make your home look clean and updated, so it can be marketed at an acceptable price. Always look for small things that you can tweak from the roof to the basement. Don’t make your basement just a place to store your excess stuff. If you want to make your basement as a storage area, make sure that it looks tidy.
As an example, you should make sure that the basement is properly waterproofed, so there’s minimal humidity and mold won’t grow on the wall. Choose the right flooring and wall panelling for the basement, so it will look good. Having a finished basement is more than just about making it looks nice. You should also make sure that the basement is functional and protected against the elements. Choose the right products, so the basement can become one of the highlights of the house. Some areas have inconsistent weather, with hot summer, damp autumn, very cold winter and very wet spring. So, you need to make sure that the basement can withstand all these changes. If there are small cracks on the outer wall of your basement, water can get trapped during the fall and frozen during the winter. This will widen the crack and leakage could happen during the spring, making it possible for mold to grow due to the warm, humid environment in the basement, during summer.
Proper improvement can increase the desirability of your house. When selling or buying a house, it’s all about the bottom line. The seller wants to get the most money possible, while the buyer wants to get the most value. Determining a “good” price, can be quite tricky and if you get all components properly maintained, you don’t need to wait for long to get the best offers. If you fail to make proper maintenance of all parts of your house, you may eventually run into problems. If the basement is in poor condition and badly infested with mold, offers can be significantly lower than your original asking price. Even the best negotiator can’t do much, if the house is in poor condition.