What Devalues a House the Most? Navigating the Edmonton Real Estate Market Like a Pro
If you’ve lived in Edmonton for any length of time, you know our city is a patchwork of unique personalities. From the historic charm of Glenora and Old Strathcona to the sprawling new developments in Windermere or Chappelle, every neighborhood has its own vibe. But regardless of where you live, one question stays at the top of every homeowner's mind: “What is my home actually worth, and what is dragging that value down?”
I’m Derek Keet, and I’ve spent my career helping Edmontonians navigate the peaks and valleys of our local market. When it comes to selling your home, the goal is always to get the highest possible return on your investment. However, many sellers are surprised to find that certain factors—some within their control and some not—can take a massive bite out of their equity.
In this deep dive, we’re going to look at what devalues a house the most in Edmonton. More importantly, I’m going to show you how to protect your investment and how my approach at One Percent Realty ensures you keep more of that hard-earned equity in your pocket when it’s time to move on.
The "Big Three" of Property Devaluation
In the Edmonton market, devaluation usually falls into three categories: Physical Condition, Location/External Factors, and—the most overlooked one—Market Positioning.
1. Deferred Maintenance: The Silent Equity Killer
In a climate like ours, where the temperature swings from +30°C to -30°C, your home takes a beating. The biggest devaluator in Edmonton is often "deferred maintenance." When a buyer walks into a house and sees a water stain on the ceiling, a cracked window, or a furnace that looks like it belongs in a museum, they don’t just see a repair—they see a "risk discount."
Buyers will often overestimate the cost of repairs. If a roof needs $10,000 worth of work, a buyer might subtract $15,000 or $20,000 from their offer to compensate for the "hassle factor." This is why keeping your home in top shape is vital.
2. The "Smell" Factor and Functional Obsolescence
You might love your three indoor cats or your collection of vintage spice jars, but odors are one of the fastest ways to tank a home's value. Smoke, pet odors, and even "old house smell" can turn off 90% of your potential buyer pool instantly.
Similarly, "functional obsolescence" plays a huge role. This is a fancy real estate term for a layout that just doesn’t work for modern life. Think of a house where you have to walk through a bedroom to get to the only bathroom, or a kitchen with zero counter space. These issues can devalue a home significantly because they are often expensive and difficult to fix.
3. External Factors: The Things You Can't Change
We’ve all seen it—the beautiful home that sits right next to a busy commercial strip, a power substation, or a noisy freeway like the Anthony Henday. While you can’t move the house, these location factors represent a permanent "ceiling" on your property value. In a buyer's market, these homes are the first to drop in price and the last to sell.
Why Commission Costs Are Actually Part of the "Devaluation" Equation
When people ask "What devalues my house?" they are usually thinking about the physical structure. But as a top-tier real estate agent, I want you to think about Net Value.
If your home is worth $500,000, but you pay a massive chunk of that in traditional commissions, your personal value in that home has been devalued by the cost of the transaction. This is where I specialize. At One Percent Realty, I believe you shouldn't have to sacrifice full service just to save your equity.
When we talk about the cost of selling, it’s important to look at One Percent Realty’s posted commission rates. Many people assume that to get "the best" agent in Edmonton, they have to pay the highest commissions. That is a myth. I provide the exact same MLS® exposure, professional advice, and negotiation skills as any other top agent, but at a fraction of the cost.
Breaking Down the Savings
When you work with me, Derek Keet, the savings are transparent and significant. Because One Percent Realty is a discount brokerage, we focus on a "low overhead, high volume" model that passes the savings directly to you.
For homes under $400,000: We charge a flat fee of $7,950 + GST. This isn't just for my side; it includes the $3,500 offered to the Buyer's agent.
For homes between $400,000 and $900,000: We charge a flat fee of $9,950 + GST. This includes $4,500 for the buyer's agent.
For homes over $900,000: This is where the name comes from—we charge 1% (plus a $950 deal fee).
If you compare this to the traditional model (often 7% on the first $100k and 3% on the balance), the difference is staggering. On a $500,000 home, you could be looking at saving over $10,000. That’s $10,000 of your equity that stays with you instead of being "devalued" by high commission fees. You can see a full breakdown of how this works and how much you can save by visiting dkeet.ca/1-derek-deal.html.
The "Do-It-Yourself" Trap: Poor Renos and Value Loss
Another major factor that devalues Edmonton homes is the "DIY Disaster." We are a city of handy people, but there is a big difference between painting a room and trying to finish a basement without a permit.
In Edmonton, savvy buyers and home inspectors are looking for permits. If you’ve added a deck, finished a basement, or upgraded the electrical without the proper city paperwork, you are devaluing your home. Why? Because the buyer now has to take on the legal and safety liability. Often, they will demand a price reduction that far exceeds the cost of what the permit would have been.
Furthermore, "over-improving" for the neighborhood can actually hurt you. If you put $100,000 into a kitchen renovation in a neighborhood where the average home sells for $350,000, you will likely never see that money back. You’ve "devalued" your investment by spending money the market won't return.
Poor Curb Appeal: The "First Impression" Discount
In the digital age, your home's first showing happens on a smartphone screen. If the exterior of your home looks neglected—overgrown weeds, peeling paint, or a driveway full of cracks—many buyers will swipe left before they even see your beautiful interior.
This "lack of appeal" devalues your home by reducing the number of competing offers. Real estate value is driven by demand. If only two people want your house instead of ten, the price will naturally be lower.
When I list a home, I work with my clients to ensure the curb appeal is maximized. Because I offer a full-service model at One Percent Realty, I don't just "list it and forget it." I provide the guidance you need to ensure your home looks like the best version of itself, attracting the maximum number of buyers without you having to pay those traditional 7%/3% commission rates.
The Impact of Economic Fluctuations in Edmonton
We can't talk about home value in Edmonton without talking about the energy sector and interest rates. While you can't control the price of oil, you can control how you react to it.
When the market is slow, the factors that devalue a house become even more prominent. In a "hot" market, buyers might overlook a dated bathroom. In a "cool" market, that same bathroom could be the reason your home sits on the market for six months.
Being the top real estate agent in Edmonton means understanding these cycles. I help my clients time their sales and price their homes strategically. A home that is overpriced out of the gate will eventually become "stale." Once a home has been on the market for 60+ days in Edmonton, buyers start wondering "what’s wrong with it?" and they start submitting "lowball" offers. Overpricing is, ironically, one of the biggest ways to devalue your own home.
Why Choosing Derek Keet is the Smartest Financial Move
You’ve worked hard for your home. You’ve paid the mortgage, done the yard work, and made memories there. When it comes time to sell, you deserve to keep the lion's share of that wealth.
The reason I am positioned as a leading agent in this city isn't just because of the savings—it's because of the value. I provide a full-service experience:
Full MLS® Exposure
Professional Photography
Expert Negotiation
Signage and Lockboxes
Strategic Marketing
...all while utilizing One Percent Realty’s posted commission rates.
When you look at the factors that devalue a home—maintenance issues, poor layout, or bad timing—the one thing you can control immediately is the cost of the sale. By choosing a discount full-service model, you are effectively "re-valuing" your home by thousands of dollars.
Is There a Catch?
People often ask, "Derek, how can you do all this for a flat fee or 1%?"
The answer is simple: The real estate industry has changed, but traditional commissions haven't. With the internet, marketing a home is more efficient than it was thirty years ago. I’ve embraced that efficiency. I don’t have a massive office with marble floors and a dozen assistants—I have a streamlined business that focuses on what matters: Selling your home and saving you money.
There is no "lowest fee" a realtor can charge, and all commissions in Alberta are negotiable. I’ve chosen to set my rates at a level that is fair to the consumer while still providing top-tier service. You can find more about my philosophy and the specific services I offer at dkeet.ca.
Final Thoughts: Protecting Your Equity
If you are worried about what is devaluing your house, the best first step is a professional evaluation. Don't rely on automated "zestimate" tools that don't know the difference between a renovated kitchen and a 1970s original.
I can walk through your home and give you a "punch list" of what to fix and what to leave alone. Sometimes, a $500 investment in lighting and paint can add $5,000 to your sale price. Other times, I’ll tell you to save your money because the market won't pay you back for a specific upgrade.
Selling a home is likely the largest financial transaction of your life. Don't let traditional commission structures devalue your net worth. Whether you are in a starter condo or a luxury estate, my goal is to provide the most knowledgeable, honest, and cost-effective real estate service in Edmonton.
Let’s keep your equity where it belongs—with you.
If you’re ready to see how much you can save while still getting the expertise of a top Edmonton agent, head over to dkeet.ca and let’s get started. Whether you're buying or selling, I’m here to make sure you get the "Derek Deal" experience—full service, professional results, and incredible savings.
Derek Keet | One Percent Realty
Edmonton REALTOR®
587-803-0396 https://linktr.ee/dkeet
Edmonton Real Estate Agent | Helping Homeowners Sell for Top Value
Summary of What Devalues a House Most:
Neglected Maintenance: Roof, furnace, and foundation issues.
Odors and Cleanliness: Pet smells and smoke are deal-breakers.
Unpermitted Work: DIY projects without city approval.
Poor Curb Appeal: First impressions matter more than ever.
High Transaction Costs: Paying 7% and 3% when you could be paying One Percent Realty’s posted commission rates.
Your home is an investment. Treat it like one. Work with an agent who understands both the bricks and mortar of Edmonton and the bottom line of your bank account.
*Saving mentioned are compared with a broker charging 7% on the first $100,000 and 3% on the balance, plus GST. Not all brokers charge the same.

