Did you know that some renovations will actually reduce the value of your home? This is the last thing you want if you are trying to make a profit. If you want to work around this or if you want to make sure that you are not devaluing your home, then this is the guide for you.
Having a Hobby Room
A cinema, zen space or even a home gym may be appealing to you, and it can be a good investment if you intend to stay in your home forever. That being said, if you have the intention of selling up one day then you need to make sure that you do not focus on this too much. Houses that sell faster tend to be more basic and pared-back when compared to more extravagant homes, so you need to make sure that you do not personalize your space too much here. If you do, then you may end up wasting your money and not making a good return on your investment.
Keeping Textured Walls
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The trend of textured walls and ceilings lasted for a couple of decades, as it was one of the best ways to hide any imperfections in the home. If your intention is to sell, however, then you need to focus on smooth walls and ceilings. If your walls are textured, then this can put off a buyer as it may mean that there is potential damage. Make some modifications here if you want to maintain your property’s value. You will see a huge improvement if you do and this is a great way to get the result you are looking for. If you have all mold over your walls then don’t paper over them, and instead, hire a mold removal service.
Bi-fold doors are a fantastic way for you to maximize the amount of natural light that streams into a property and right now, they are trendy. That being said, they can devalue your home. The main reason for this is that they can break easily and the replacement parts to fix them can be very hard to come by. If you want to do something about this, then avoid them as this is the best way for you to avoid investing in an impractical renovation.
Nothing changes the appearance of your property more than adopting a bold color scheme. If you opt for a bad choice here, however, then this will work against you. The darker you go, the smaller the room will look. If you aren’t careful here, then you may end up making things look very unattractive. Keep things bright and neutral, while opting for colours such as cream or grey. If you can do this, then you will soon be able to match everyone’s taste while upholding the overall value of your home.
Putting in a Pantry
Kitchen pantries may seem like small, yet functional spaces and they are great if you have some additional kitchenware that you would like to store. They are very popular with celebrities and if you design them well then there is no reason why you should not be able to attract buyers. That being said, a lot of pantries have the tendency to invade the kitchen space. They also get filled with clutter and this can make them very unattractive within the home. Unless your kitchen is big enough to support a huge upgrade like this, you need to try and avoid it.
Quirky tiles may seem exciting and somewhat creative, but they can be a bit much for some people. If you redo your kitchen or bathroom then make sure that you are choosing something plain and simple. If you don’t then you may find that you end up struggling to get the money you are looking for so, make sure that you keep this in mind.
Removing the Bath
Wet rooms and sophisticated showers are in right now and they can give your home that modern touch. A lot of people think that removing the bathtub is the way to attract new buyers and that they are going to fetch a higher value for their property as a result. That being said, this isn’t always the case. You have to make sure that you do what you can to keep the bathtub in, because if you don’t then you may find that you end up losing valuable appeal to families. Those who have young children or even pets often need a bathtub and if you take yours out, it may be that they just go and put one in anyway. If you have an older bathtub then get it replaced rather than ripping it out entirely. You can opt for a rainfall showerhead if you want to add an element of luxury too, so it is possible for you to strike the happy medium between functional and practical.
Another major mistake that a lot of people make is that they put down a hardwood floor. If you put down a solid floor then you will soon find that this scratches easily and that it is hard for you to keep it looking clean. If you want to do something about this then make sure that you put down laminate floor instead. It is cheaper and it is much more resistant to scratches as well which is major to say the least. If you want to put down a carpet then feel free to do this but be mindful of the fact that cream carpets stain easily and they are very difficult to keep clean. If you plan on selling immediately then this is fine, but if you intend on selling in the future then this may mean that you end up getting offered a lower selling price or that you have to go and replace the carpet again when the time comes for you to put your property on the market.
So these upgrades can easily reduce the value of your home, so if you plan on doing any renovations soon, it is wise for you to avoid them as much as possible.
Your Garage Door
Most people don’t think about their garage door’s effect on home value, but it can make a significant difference in many situations. For example, your garage door might look old and outdated, and it’ll show when compared to the rest of the technology in your home or even the way it looks together with your exterior. In this case, it could lower the value of your home if it looks out of place or hasn’t been updated for a while. However, a modern garage door that leads to a spacious garage can actually add more value to your home, especially if it’s a popular style that has been kept in good condition.