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8 reasons why your house is unsellable
Plus, trends that are on the way out and tips to keep your house current
By Barbara Corcoran
TODAY SHOW
updated 9:23 a.m. PT, Tues., Jan. 8, 2008
Housing trends sail by faster than most of us have time to notice, but when
it comes to selling your house, you might suddenly wish you’d sat up and
paid attention before. Some styles can be put down to the vagaries of
fashion and are easily fixed — gaudy wallpaper isn’t difficult to replace,
but moving a laundry room above ground or fitting a proper staircase is
another story entirely.
Here’s a list of the big no-no’s, the relics that make a house unsellable:
Small houses
Small is not the new big I’m afraid, at least not yet anyway. People like to
have space to live in and a very small house can deal a serious blow to your
possible asking price. If you can’t afford to physically increase the size
of your house, you need to do everything possible to make it look bigger.
One bathroom
We don’t want to wait to use the bathroom. Not any more. With so many people
used to the luxury of multiple bathrooms, it is a hard sell to get them to
take a step backward in time.
No air conditioning
Installing central air to your house will cost you about $10,000-$12,000,
but if there was ever a juicy bone to get a buyer interested, this is it.
Fuse boxes
Fuse boxes? People expect circuit breakers nowadays, and if you want to
modernize your electrics, consider spending $2,000 to replace those outmoded
old fuses.
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If you’d like to try and keep your house current, keep following in
mind:
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Avoid the unusual. I’m not trying to suppress your individuality
here, but there are some things that will never appeal to the vast
majority of people. If rectifying them is very costly and you don’t plan
to live in the same house forever more, you might want to think twice.
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Perform periodic upgrades. Keep an eye on what homebuilderss
are putting into new constructions. If you don’t know what to do, have a
look at the new house market. You’ll find all the inspiration you need
there. |
Spiral staircases
Pretty for sure, but the novelty has long worn off. Ever tried carrying a
sofa up a spiral staircase? If you have, you’ll know why they might put your
average buyer off.
Basement laundry rooms
What a nice idea that was, why not stick those cumbersome noisemakers down
in the basement out of sight? Because ever since we did, washing clothes has
meant a trek into the dank recesses of our houses. Doing the laundry is so
much more appealing when the washing machine is within spitting distance of
the clothes to be washed. If you have the space upstairs, it’s time to
accept those big old machines back into the fold.
Popcorn and stucco ceilings
Talking about the vagaries of fashion: No one wants to see these any more.
Smash them off with a big stick if you have to.
Basements with outside access only
You’re in your pajamas, it’s a cold winter night, rain hammering against the
windows and suddenly you remember. You left your groceries in the basement.
Curse this house and curse all who live in it! People don’t want to go
outside to get into their basement.
In addition to the absolute
stinkers when it comes to selling a house, there are several trends on their
way out that you may want to avoid:
McMansions
They may be big, but they aren’t clever. Think before investing in one of
these: Do you really need all that space? An increasing number of people are
deciding they don’t. Quality trumps quantity every time.
Separate living and
dining rooms
When was the last time you sat down and had a meal in your dining room?
If it was recently, you belong to a dying breed. People want to properly
utilize all the space in their house, and in this pursuit, the dining room
is casualty No. 1.
Small master baths
“Small” and “master” — they just don’t go, do they? How can you be king of
your bathroom if your bathroom is the size of a queen-size bed?
Standard-size garage
doors
Squeezing an SUV through old-style garage doors is like fitting a
coconut into a pea pod. It isn’t happening. Though 7’x9’ used to be
acceptable, nowadays you want to shoot for 8’x10.’
Football-size decks
Decks have been the must-have accessory for a good 10 years now, and demand
shows no sign of slowing down. What
has
changed though, is the extent to which people want to replace garden with
decking. A deck can take away as much as it can give to a garden, so before
plumping for the largest deck imaginable, think about exactly what you’ll be
using it for and weigh this against how much you and future owners would
value the garden itself.
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