Health & Fitness
What are some "Red Flag" items that can impact a home's value?
There are many things that can negatively impact a home's value. Here are some things a home appraiser might consider "red flags" when valuing a property.
I recently took a class on how to properly price a home, which was conducted by a licensed Maryland appraiser. Here are some of the things he listed as "red flag" items that can negatively impact a property's value:
Style of house not typical for area, Poor curb appeal, Location near power lines, Located on or backs to a busy road, Steep driveway, Evidence of past or present water damage
Poor maintenace of property being appraised or neighboring houses
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Close proximity to commercial property, Direct competition with new home construction, Over-improved or under-improved for neighborhood
Suspected structural problems
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Number of bedrooms and locations not typical for area