Creepy Things That Could Murder The Value Of Your Home

As people from all over decorate their houses in ghouls and goblins, increasing the freak appeal of their homes, let’s take a look at the creepy things that can spell doom for your property value.

Starting from the most ghastly to merely morbid, here are 10 things that murder the value of your home.

Gruesome Acts

Unsavory events such as murder and suicide leave a certain stigma on the house. Although there may be nothing physically wrong with the house, it is hard to sell a home where someone was beheaded. Not only may these events lower your property value, but it also may command your property to sit on the market significantly longer.    

A house can even be stigmatized if a killer resided there. In the case of the Sandy Hook School shooter Adam Lanza, the stigma was so strong that his house was simply demolished.

Death In The House

Not every death has to be bloody to deter someone from buying a house. Natural deaths are sometimes enough to creep some buyers out; all it takes is to know someone else breathed their last breath in that house.

Gruesome or not, sometimes you are required by law to disclose this information to potential buyers. Ask your real estate agent for specific disclosure requirements in your area.

Ghosts And Ghouls

Whether you believe in the living dead, paranormal activity has the potential to derail a sale. Such is the case in a famous 1991 court decision “that let a seller back out of a purchase because alleged hauntings were not disclosed.

The National Association of Realtors recommends sellers are upfront about any history of alleged paranormal activity. Even though it may deter some buyers, it may be a “wow” factor for those looking to purchase a property with character.

Nearby Cemetery

Driving to a showing and passing a cemetery nearby is bound to be off-putting for some. According to the National Association of Realtors stated that a cemetery being in the vicinity of one’s home drives down the price by 12%. One upside to this is that it is likely to stop future development on that location.

Nearby Funeral Home

The notion of death alone seems to wreak havoc on home sales. A further study conducted by the National Assocaiation of Realtors found prices were 6.5% lower than those for sale in areas without a funeral home. Some fear that the smoke released from a crematorium is toxic, while other may worry about the negative spiritual energy in the air. At the end of the day no one really wants to live near a building with dead bodies.

Criminal Neighborhood

The living can also have a deadly impact on house prices. An unsafe neighborhood is just as unsatisfying to home buyers. Whether you disclose the neighbor three doors down that cooks meth, it is not hard to determine whether a block is inhabited by unsavory characters. Thanks to online criminal registries buyers are becoming more diligent when moving into a new area. Even the presence of a sex offender devalues the price of homes within a tenth of a mile by 4%.  

Moldy Walls

Just hearing the word “mold” has buyers running for their lives. Although not all mold is toxic, there has been enough bad press over the years about mold to deter anyone from purchasing a home that has an variation of this kind. It is hard to put associate an exact dollar amount to the devaluation; however, the slightest bit of mold is unsightly.

High-Voltage Power Line Overhead

Nowadays this is relatively uncommon in newer residential area. However, if you are looking to move into a dated community, you may encounter this problem. While we all enjoy our electricity, no one wants it hanging over their heads. Whether you are concerned about the aesthetics or potential health risks, studies have shown a price drop of 2%-9% in home values with nearby lines.

Power Plants And Industrial Sites

Based on horror films filled with mutated monsters, nothing good ever comes from toxic sludge. The National Association of Realtors found that power plants decrease the value of a home by 5.3%.

Lucky Number 13

The number on your door is one of the smallest issues no one really pays attention to. That is until you enter a house numbered 13. Due to superstitious buyer, homes with the number “13” sell $11,000 less than average properties. Good luck to anyone looking to sell a house numbered “666”.

Don’t let these 10 creepy factors keep you up at night. Work with a seasoned agent like me to sell your house in no time.

Of course, if you are a buyer and aren’t easily frightened this may be your chance to snag a killer bargain. For all your buying needs check out OntarioPropertyShop.com



Taken from the article: https://www.msn.com/en-us/money/realestate/10-creepy-things-that-could-murder-your-home-s-value/ss-AAtkX7E?ocid=ob-tw-enus-634#image=11