Making improvements to the property that are properly done and documented is a great way for buyers to feel as if they are signing up for something that is worth the money. Many will even pay more just to know that common problems have been recently resolved, and possibly costly maintenance has already been completed.
But you can sink as much property as you want into a property only to have external factors and uncontrollable things that affect buyer perception come into play. Oftentimes, it then becomes not so much about the property itself and more about the location, neighborhood, and, of course, the neighbors themselves.
After all, nobody wants to spend their life savings just to be adjacent to a walking nightmare of a neighbor. It’s certainly not an opportunity that anyone would willingly jump at to sign up for.
So, even if everything else checks out and the prospects look good, having a run-in with a terrible neighbor might be enough to make someone pass on a property and wait a little bit longer while they wait for the next place that isn’t going to land them next to that neighbor.
Author: Kayitsi.com
