Deferred exterior maintenance is typically the biggest factor decreasing property value, since it’s the first thing buyers and appraisers notice. Damaged siding, peeling paint, and an unkempt exterior signal neglect and raise concerns about hidden issues, even when the rest of the home is in good condition.
Other major value-decreasing factors include:
- Foundation cracks or visible structural issues
- An outdated or poorly maintained roof
- Water damage or mold, especially if visible or accompanied by musty odors
- Outdated or mismatched exterior colors and materials
- Poor landscaping or lack of curb appeal
- Being located near undesirable factors, like busy roads or declining neighborhoods
Interior issues matter too, but exterior condition often shapes a buyer’s first impression before they even step inside. In competitive markets like Utah’s, homes with visible exterior problems tend to sit longer and sell for less.
The good news is that many of these issues are fixable. Addressing exterior maintenance, especially damaged or aging siding, before listing a home is one of the most effective ways to protect and even recover lost value.