Joyce Byrne, Broker
SRS, ABR, HBA, MA
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Top 10 Ways to Lose Money on a Property
London, Ontario Area
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Carpet in Bathrooms: No one wants the job of removing old, mouldy carpeting from your bathroom.
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Themed Rooms: The Safari Adventure, Moroccan Dessert, or English Pub themes may appeal only to you.
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Gigantic Overstuffed Furniture: Don’t make it difficult for buyers to visualize how their furniture could fit in.
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Historical Features in a Non-historical Home: Victorian pedestal sinks and toilets, fake ceiling beams, and MDF or fibreglass ceiling medallions and mouldings in an ordinary suburban home just look wrong.
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Pine, Pine & More Pine: Overused because it’s cheap and readily available. Unpainted pine tends to take on an unattractive orange hue over time…and the “log cabin in the city” look has had its day.
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Laminate Flooring: Okay in small quantities. But, it does not look “just like wood” and is never interchangeable for quality hardwood flooring in a resale home.
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Bad D.I.Y. or Textured Faux Finishes: The proliferation of Do It Yourself shows make it look easy, but bad D.I.Y. is worse than no D.I.Y. Always hire a professional to complete all unfinished projects if its not your strength.
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Bad Extensions, Porches & Additions: Anything with a green plastic corrugated roof or rusty metal should be removed before listing. Buyers don’t want to pay for something they have to tear down.
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Smoking: Odours are the first thing buyers notice as they enter a house and they create part of the all-important first impression. Smoking could be a deal-breaker for as many as 50% of buyers.
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Obvious Structural Problems: Large cracks, moisture, or standing water in the basement – these red flags will make buyers run. Address these issues before your home goes on the market.
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Sutton Preferred Realty Inc., Brokerage
Independently Owned and Operated
181 Commissioners Rd W
London ON
N6J 1X9
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© 2007 Joyce Byrne Realtor
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