What's in it for YOU, As a Neighbor?

By
Real Estate Broker/Owner with www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive 228209

Neighbor's Home Upkeep Can and WILL Affect Your Home's Value.  What's In It for You, As a Neighbor?

What's in it for you, neighbor?There are neighbors that you just can't do anything about (power plants, landfills, etc.) -- when purchasing a home, your concern is how their very existence will impact your home value.  

Then, there are neighbors that may just need a little help from you or your HOA to improve upon their neighborly status. I'm sure you have thought about how the sale of your neighbor's home sale affects YOUR home value.  However, haveyou ever considered that your home can impact their sale?  Consequently, yes, their sale does affect your home's value.


When driving to a listing appointment, I pay special attention to the surrounding homes.  I also give my sellers recommendations to help their neighbors improve upon the appearance of the neighborhood, if necessary.  Some sellers are simply not willing to approach their neighbors to make changes or improvements upon their own homes though. 

Neighborhood values


Those sellers simply 'hope' that their prospective buyers won't notice anything but, their home.  A "bad" or "messy" neighbor can absolutely ruin the investment you've worked so diligently to maintain, to pay off, and now, to sell. "It can make your home unmarketable," Joe Magdziarz, president of the Appraisal Institute, recently quoted in a Business Insider article.  Remember that 'bad yards' or poor exterior maintenance on homes within a community CAN affect the neighborhood values at a minimum of 10%; buyers perceive this as a sign of a declining neighborhood.

What can you, as a good neighbor, do to help your neighborhood sales and ULTIMATELY the value of your own home as well as all of the home values within your community?

  •  Keep up the maintenance on the exterior by pressure washing when you notice discoloration.
  •  While you have your pressure washer out (or have someone doing it for you), use it on your sidewalks and driveway.  You won't believe the difference it makes in the appearance of your home from the street.
  • Is there any rotten wood on your home's exterior?  Have rotten wood repaired or replaced, and repainted.
  • Do you find yourself becoming complacent about the kids' toys in the driveway or front yard?  You may not be hosting guests or preparing for prospective buyers to come through your own home but, your neighbors may be!  Being a good neighbor is also beneficial to you by keeping everything in its place--less hassle for you and yours!
  • Keep your lawn mowed; tall grass makes prospective buyers think that the neighbors don't care about the neighborhood and will generally move to another community where the neighbors DO care.
  • Keep your landscaping manicured.  Fresh flowers and trimmed shrubs not only make your yard look better but, look inviting for prospective new residents.
  • We all carry our doggie bags while walking our 4-legged friends; if you see paper trash on the street or sidewalk or even in a neighbors yard, pick it up and dispose of it.
  • Keep your garage clean or keep the door closed! A messy garage leads prospective new residents to think that the homes in the community are too small or don't have enough storage.

Beautifully landscaped yard in Charlotte

All of the above bullet points are from recent comments from buyers that I've had in my car.  These buyers opted for communities that appeared to be in 'better shape' and that the neighbors seem to actually care about the community.  While these buyers are buying in other communities, your neighbor is reducing the value of not only his/her home but, YOURS!

 

Be a good neighbor and do what's right for the values in your community--for everyone's sake!

 

More information for Charlotte home sellers  

Thinking of selling your Charlotte home?  Let's talk!  Give me a call or text me at (704) 491-3310.

 

© Debe Maxwell | The Maxwell House Group | DebeM@remax.net | What's In It for You, As a Neighbor?

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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

So, have I had some buyers move on to another community that is better maintained by the homeowners.  And, some just don't want a community with an HOA - I always remind them how beneficial that can be, for a very small fee sometimes too, Jeff Dowler!

Mar 21, 2017 04:52 AM #10
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Hi Praful Thakkar!  Yes, it's the community that they're buying into and they realize that if it's 'bad' now, it can only get worse - especially if there is no HOA.

Mar 21, 2017 04:54 AM #11
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Nathan Gesner
American West Realty & Management - Cody, WY
Broker / Property Manager

When we talk about curb appeal, I recommend walking up to the home from a block or two away from each side to really get a sense of it. Great pictures, Debe Maxwell, CRS 

Mar 21, 2017 04:54 AM #12
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Thank you, Thomas Baker, CRS!  What a shame that the seller has to pay - some people just don't believe in pride in homeownership, do they?

Mar 21, 2017 04:57 AM #13
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

James Dray - Good for you!  It's something that I don't have time to do any longer either and love arriving home to a freshly cut and trimmed lawn.  I'm very meticulous about my lawn and thought I would never be able to give that up but, found a fantastic landscaper and absolutely love it now.  I think you'll find this something you enjoy as well!

Mar 21, 2017 04:59 AM #14
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Absolutely, Kat Palmiotti!  Many (I think most) understand that but, when you're living next door to someone who doesn't, it really stinks!

Mar 21, 2017 05:01 AM #15
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

We do that with our buyers too, Nathan Gesner - and it's really eye-opening sometimes!  Thanks for stopping by, Nathan!

Mar 21, 2017 05:03 AM #16
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Dorie Dillard
Coldwell Banker United Realtors® ~ Subsidiary of NRT, LLC - Austin, TX
Realtor-Canyon Creek- NW, Austin TX Homes For Sale

Good morning Debe Maxwell, CRS ,

You are so right..buyers are purchasing a lifestyle of a community and those that don't take care of their properties are keeping property values in their communities from rising. Excellent points made!

Mar 21, 2017 05:06 AM #17
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I know this to be true becasue our new neighbort behind us loves to mow or leaf blow at 6:00 pm on weekends and the new neighbor next doo has an older great dane they leave outside and he barks constantly. We talked to the next doo neighbor and worked that our but they guy behind us has no empathy.

Mar 21, 2017 06:05 AM #18
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Debbie Reynolds
Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional - Clarksville, TN
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Oh, if neighbors would do this so many more homes would sell faster. It is the neighbor's mess that often prevents a buyer from making an offer. I have seen some terrible looking backyards while standing on the deck of the subject home. Happy Spring, Debe.

Mar 21, 2017 06:12 AM #19
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Hi Dorie Dillard - it seems that a simple explanation that this impacts your OWN investment would hit 'home' to many but, it doesn't seem to!  ;-)

Mar 21, 2017 06:13 AM #20
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Oh, goodness, Joe Pryor - that stinks! Right at dinnertime too - that blower noise drives me crazy and to have a dog barking on top of it - what a way to enjoy your Saturday evening dinner!  You may have to make your date night be Saturdays during blowing-season!

Mar 21, 2017 06:16 AM #21
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Happy Spring to you too, Debbie Reynolds!  I actually had buyers this past week that passed on a home because of the neighbor next door - so sad because it truly was the perfect home for them but, they didn't want to start out having to have 'words' with the neighbors!  

Mar 21, 2017 06:17 AM #22
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Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Debe. Your point is so well made and very true. It is very hard to control the neighbors and I avoid homes (no matter how appealing) if the neighbors home is a plight

Mar 21, 2017 06:38 AM #23
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I feel so badly for sellers who have neighbors who have no sense of pride in homeownership, Sheila Anderson.  Most buyers are like you and me - they go in another direction - they don't want to deal with 'bad' neighbors!

Mar 21, 2017 07:14 AM #24
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Mick Michaud
Distinctly Texas Lifestyle Properties, LLC - Granbury, TX
The lifestyle you want, the place to live it

A bad neighborhood will kill a good house.  I see it all the time.  Particularly when someone overbuilds their house relative to the neighborhood. 

Mar 21, 2017 10:01 AM #25
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Anna Banana Kruchten
Phoenix Property Shoppe - Phoenix, AZ
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Debe unfortunately we do have a neighbor on our street that absolutely could care less about how her homes looks - and it looks  really bad. Yard is a mess and she's got 5 different purple paint samples above her garage door - for 5 years - and she hired somebody last summer to 'trim' back two huge trees in backyard and now they're dead - dead trees are such a halloween picture. She doesn't care what anybody says - pretty strange situation. We all hope she moves sooner rather than later....

 

With that said it's SO important to have pride in ones homes and understand it's not just about you but rather about the entire neighborhood!!!

Mar 21, 2017 01:49 PM #26
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Mick Michaud - That's so true - I often wonder why people buy homes instead of renting when they show that they could care less about their investment.

Mar 22, 2017 05:15 AM #27
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Oh, that is terrible, Anna Banana Kruchten!  Is she older?  I'm thinking that the neighborhood could collectively have a clean-up/painting day at her home - as a "help your neighbor day" or some other excuse to clean it up!  If someone sells, that has to hurt the sale...thus, everyone's values!  

 

Mar 22, 2017 05:41 AM #28
Rainmaker
379,578
Kasey & John Boles and the team at Jon Gosche Real Estate, LLC
Jon Gosche Real Estate, LLC, Boise ID - Boise, ID
Boise, Meridian, Ada/Canyon/Gem/Boise Counties

These are great tips and a different perspective on why to keep your own home up.  This is one of the reasons HOA's exist too - some people don't like to live in subdivisions with HOA's, but in my area it is an obvious and vast difference in many cases between neighborhoods with a homeowner's association and one without.  

On a side note, that second photo of that home and property is beautiful.  Is that in your town?  I love it. -Kasey

Mar 23, 2017 08:51 AM #29
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