Neglected home repairs can be the biggest factor that decreases property value. And, repairs can be expensive if you don’t have homeowners insurance. Speak to a local independent insurance agent to make sure you’re covered. It’s cheaper for you if insurance pays instead of you paying for expensive home repairs at full price.
To learn more about how property values are affected, read this guest post re-printed by permission by Daniela González
Property value has many moving parts, especially for something that itself doesn’t, well, move. The factors involved in determining property and home value are sliding scales of perception, priority, and personality. What is important to some may be a deterrent to others, so coming to a consensus on the value of a property has numerous considerations.