We all know that upgrades to a home can put extra cash in your pocket when you sell. However, certain upgrades can be a waste of your time and also money. Our Anne Winch Real Estate Team would like to help you sort through which upgrades are not beneficial when you decide to sell.
Renovating a bedroom into a closet
Your master closet may not be able to accommodate all your clothing and accessories and you may think if you renovate another bedroom to be your walk-in closet may add value to your home. Actually, most buyers want that extra bedroom and do not want a bedroom that is now an extended closet.
Adding an extension without the proper permits
Adding an extension to your floor plan can often be a bonus when you sell your home. When you are planning an extension, you must get specific permits to plan this extra space. If you do not get these permits it can cause you problems down the road especially when you sell. As a buyer, make sure the sellers can give you information on any permits they have when they have upgraded their homes.
Smart technology is not for everyone
Technology in your home can be a necessity for some people. Others may not wish to use technology for lighting, heating, etc. Your next buyer may be more traditional and find this type of technology not suited to them or their needs.
High maintenance gardens
Beautiful gardens can provide a lovely landscape and curb appeal to your home. If your home has lots of gardens to maintain this can turn a lot of buyers away who perhaps don’t have a green thumb or the time to maintain a lot of greenery and flowers.
Solar panels
Installing solar panels in your home can be an energy-efficient way to provide for your home. Solar panels however, can take away from the value of your home and be an eyesore to the area. They can also cause problems if you need to redo your roof or if you plan on adding an extension to your home.
Wall-to-wall carpeting
As a first-time buyer, you may think that wall-to-wall carpeting may be less expensive. In the long run, if you plan to sell in the future, many buyers are looking for hardwood and ceramic tile mix when they buy. You may find that the value of your home will be less than a similar home that has hardwood throughout.
Too much wallpaper
Beautiful wallpaper can be a complement to any home if it is done tastefully. Imagine a wallpapered wall in your master bedroom or dining room that is used as a feature wall. If you have wallpaper all throughout your home, it makes your home look dated and buyers will be concerned that it is not easy to remove.
These are just some ideas of renovations that may not add value to your home. You want to make knowledgeable decisions on what renovations will increase the value of your home.
We hope that these suggestions will help you the next time you decide to do some renovations. If you have any questions about staging the interior or exterior of your home when you sell, give our Team a call and we would be pleased to help you. All our clients benefit from our free home-staging services as we want your home to look its best inside and out.