Are you planning to buy a property in Ajax soon? Then, you may probably know about the factors that are a sure bet when it comes to increasing the price of a home. For instance – a safe neighbourhood, good schools nearby, increased square footage, and modern kitchens and bathrooms.

But do you have any idea about the lesser-known factors that can bring the value of an MLS listing in Ajax crashing down? Yes, a property may have some not-so-obvious drawbacks that can negatively affect its value in the long run. These hidden drawbacks can turn your dream home into a bad investment.

 Hidden Factors That Can Negatively Affect a Property’s Value

1. A House Sits on the Corner of a Busy Intersection

There’s a big debate about corner lot homes. Some homebuyers love them while some absolutely hate them. But does the “corner lot” position affect the value of an MLS listing Ajax ?

Well, it does. Homeowners and builders ask for a higher price for corner lots as they are often larger and far away from neighbours. Buyers looking for bigger houses with large yards and more privacy lean towards these corner lot homes.

However, homes in corner lots on busy interactions can have an opposite (negative) effect on the value of the property. Homes near busy intersections can be very noisy with constant traffic noise. This can make relaxing or sleeping inside the house super difficult for residents.

2. The Street’s Name

Most streets aren’t named randomly. Some neighbourhoods follow themes while naming their streets. For instance – naming the streets after a specific theme such as types of flowers, presidents, or historical events.

Others name it in a simple, sequential order like in numbers. But some street names are like they’re picked out of a hat.

Research shows that this seemingly small detail can actually affect the value of an MLS listing in Ajax. Houses on streets with generic names such as Main Street sell for an average of 4% less.

The street name is a factor that you cannot change after buying the home. So, make sure to pay heed to this factor while choosing your future home.

3. Buzz About Ghostly Encounters

We often imagine ghosts living in dusty mansions or spooky cabins. But here’s the thing about ghosts (if you believe in them) – they’re not limited to old places.

They can also be found in a new and shiny home. It’s possible the modern house was built on land with a history or there was something spooky about the person who lived there or the way they died.

This ghostly effect in the home can have a chilling effect on how much an Ajax MLS listing is worth. According to a study, houses with a reputation for being haunted sold for 17% less than similar houses without spooky stories. Another survey showed that over half of people wouldn’t want to buy a haunted house.

Hence, even if you don’t believe in ghosts, it’s not a wise idea to buy a house that has reports of spooking happenings. This could scare away potential buyers of your Ajax property.

4. Your Home’s Number

Have you heard about house numerology? Even if not, it’s alright; this thing is not as common as regular numerology which focuses on birthdates.

In house numerology, people believe that each number gives a different kind of energy to their home. For instance – if your home address is 123 Main St, adding the digits would give us 6 which reflects an overall energy to your home.

Sure, you can go ahead with an MLS listing in Ajax that doesn’t have a great house number according to house numerology. But if the potential buyers of your home happen to believe in house numerology, keep in mind that they will skip your property.

5. Famous Murders or Other Crimes

Nowadays, buyers can easily find out all about a property’s history with a few clicks online. This includes any high-profile murders or other crimes that may have happened in the MLS listing in Ajax. Murders or other crimes can be a real turn-off for some homebuyers, even if the events were a long time ago.

The spooky effect of murders and other crimes isn’t just limited to the haunted home itself. Even homes on the same block or even in the same neighbourhood could lose some value because of a bad event in one house. This would cost the homeowner about 10% less than similar homes elsewhere.

And do you want to know the value drop of the house where the bad event actually happened? It could be almost 20% less than other similar Ajax MLS listings.

6. Problematic Neighbours

When people look at MLS listings in Ajax, they imagine themselves living there. So, if the neighbourhood feels loud, messy, or unsafe because of your neighbours, they might picture themselves dealing with those problems too.

Hence, even though your house might be nice and well-maintained, a bad neighbour can bring down the value of your home. A study by House Beautiful found that having problematic neighbours can lower the average price of houses in an area by as much as $40,300.

Sellers also are legally obliged to disclose if there are disputes with any neighbours. This means your nuisance neighbours can also have a legal impact on the sale as well.

Being Careful Now Is Wiser Than Feeling Sorry Later

A few homebuyers don’t prefer to waste much time and thought while buying an MLS listing in Ajax. They go ahead with a property as long as the home passes the inspection and matches their needs, preferences, and budget.

But little do homebuyers know that there are some not-so-obvious factors that can negatively impact the value of their new home. These factors in the property or the neighbourhood may not seem like a big deal for you now. However, when the time comes to sell the property, these downfalls will surely create a hurdle for you.

So, take the time to research these hidden factors in an Ajax home to save you from headaches and financial loss later on. Always look beyond the surface to ensure you’re making a wise investment that will hold its value over time.