0Although some home projects can amp resale value immediately, others can cost you more over time, so, even if a project sounds profitable on paper, it isn’t the most practical choice. Plus, not regularly maintaining your property can decrease your home’s value—and don’t even try to cover up damages since buyers will eventually find out.
The best thing you can do is invest in quality materials from companies like Bruce Andrews Seamless Gutters and avoid these things that can decrease your property’s value over time.
A simple upgraded bathroom can add immense value to your property, but going overboard will have the opposite effect. So, even if you see a whirlpool tub as a fun addition, buyers may see it as a waste of space.
Too Much Personalization
If you’re planning on staying at a house for a long time, a little customization is all right. However, if you’re planning on selling your home in the next couple of years, having too much personalization can decrease your home’s value since when buyers look around a home, they often note the projects they’ll need to do.
That list usually includes removing quirky wallpapers, painting over unique colors, and replacing unusual fixtures.
Unusual Paint Colors and Too Much Wallpaper
Although it’s tempting to go bold with paint colors and follow the latest trends, it’s best to play it safe when you’re getting ready to sell the property. Dark colors can let buyers feel stuffy, while bolder ones can be overwhelming. It’s best to go with neutral and lighter tones to secure your home’s value.
Also, having too much wallpaper can hurt your home’s value. While buyers might accept trendy wallpapers on accent walls, going overboard can ruin that chance. Plus, some buyers see too much wallpaper as another project to add to the list of expenses if they buy your property.
Tiles can rack up a property’s value if it’s a trendy style installed correctly and there aren’t any dated materials in the room. Although many experts in the industry agree that hard surfaces like tiles can improve a property’s appeal and value, the demand for consistency rates is just as high.
That’s why to provide the most appeal and preserve the most value, avoid creating a jumble of flooring surfaces in your home.
Although converting your garage is a fun project to tackle, it is one of the culprits behind a low resale value. Even if you convert it into a fully functioning gym, playroom, home office or study, and anything else other than a garage, it lowers your property value. That’s because most home buyers look for space for their cars and gardening equipment.
However, if you’re looking to use your garage for other purposes but plan on selling your property ten years later, do it in a way that makes it easy to back to a traditional garage.
Too Much Carpet
Although new carpets are an inexpensive upgrade when you plan on selling a house, they tend to show damage easily and are more challenging to clean. Plus, several home buyers often get turned off by particular designs—and those with allergies avoid it since carpets harbor dust particles. That’s why if you’re planning on upgrading the flooring, hardwood floors offer a more considerable resale value.
Having chipped, streaky, or overall low-quality paint can make a home look tacky and cheap, which can turn some of the more “picky” buyers away. That’s why to increase your home’s value while making it more appealing through repainting ceilings and walls, invest in high-quality paint.
Although home buyers often look for an upgraded kitchen, lavishly renovating yours won’t guarantee you’ll get your money back when it’s time to sell it. A “big” kitchen renovation only returns around 59% of your investment, which isn’t worth the expense. Instead of going all out, focus on the dated parts of the kitchen, like flooring and the countertops.
Sunrooms cost around $70,000 to construct, but resale returns just a little over $30,000 to the homeowner, which isn’t a lot compared to other assets. That’s why even if a sunroom can offer lots of enjoyment to your home if you’re planning on staying there for a long time, it isn’t worth the expenses if you’re planning on selling your home soon.
Your home and real estate, in general, is one of the most significant purchases you can make. Naturally, you’d want to protect your investment and increase its value over time—and avoiding the things mentioned can preserve your home’s value in the long run.