Looking to sell your home quickly but worried that a messy neighbor will slow down the process for you? While it’s true that neighboring houses do affect the value and desirability of your home, don’t lose hope! If you are wondering will my neighbor’s home affect how quickly I sell my home, look no further. Keep reading for ways to sell your home quickly. Also, learn how your neighbors can affect the value of your home.
Will my neighbor’s home affect how quickly I sell my home
Market Value
The sale price of your home is the biggest factor in how quickly your home will sell. Market value indicates the current going price for a home like yours in your area. Therefore, if you try to sell your home for more than market value, you may be waiting a while for a buyer. The market value of your home is determined by comparable homes near yours that have been sold in the recent past. In other words, your home’s worth isn’t fully based on its own features, like how many bedrooms it has or whether the kitchen needs to be updated.
The neighborhood you live in can potentially put a cap on the value of your home. Therefore, be sure that any updates you make will actually increase the value of your home. In addition, don’t spend your money on costly granite countertops or building a new garage if your home is already at the top of the comparable price range in your neighborhood. The truth is you just won’t see the money you invest added to the value of your home if you are already at the top of comparable prices.
Curb Appeal
If you are looking to sell your home, curb appeal plays a huge part. In addition, curb appeal is the extra “wow” factor that draws the attention of potential home buyers. It could be fresh landscaping, a water feature in the backyard, or a fresh coat of paint. Anything that makes your home stand out in a good way improves your curb appeal. Unfortunately, a poor neighbor can have the opposite effect. An overgrown lawn or cars cluttering up the front yard can have negative curb appeal. As a result, this can turn potential buyers away from buying your home.
What you can do about it
If you are worried about your neighbor’s home affecting how quickly you can sell your home, there are a few things you can do:
- Talk to your neighbors
The first thing you should do is try to talk to your neighbor. There are a number of reasons why they live the way they do. Maybe they have been struggling with an illness or have had to take a job with different hours. They may not be able to take care of their yard. Keeping up with their yard may just not be as important to them right now. If you share that they can increase the value of their home and yours with just a few improvements, they may be up for making changes. You can let all of your neighbors know that you can improve the value of your whole neighborhood with a few changes. This will make everyone money when and if they decide to sell their home. - Go the extra mile with your own home
While we have already established that costly updates aren’t guaranteed to speed the sale of your home or increase the price, you can do a few things that will only cost you time and some elbow grease. The fewer personal things visible from outside your home, the better, so make sure your yard is clean. Make sure your belongings, like bicycles, children’s toys, and any unnecessary yard signs, are put away. Make sure to put some effort into cleaning the outside of your house. Pressure washing siding, cleaning windows, and putting a fresh coat of paint on your shutters would be beneficial. This will all help boost your home’s curb appeal without investing a lot of money - Mask the problem
If talking to your neighbors doesn’t help, you can still improvise on your own property to mask the problem. Consider putting up a privacy fence to block unsightly views. You can install a fountain to drown out annoying noise while adding to the value of your home. By blocking out distractions and drawing attention back to your own home, you can keep potential buyers thinking positively. - Weigh your options
When you want to sell your home, you can’t have your cake and eat it too. If you try to sell your home above its market value, it may be tougher to find a buyer. You need to decide whether your priority is to sell your home quickly or to wait and hopefully find a buyer who is willing to pay your asking price. If selling your home quickly is important, you need to contact Ben, who can pay you cash for your home. Ben will make sure your home sells quickly and for a great price.
