Not every renovation to your home is beneficial. Sure, you may find that it is useful to you, but if you intend to sell your home one day, it may not have a good return on investment (ROI). Here’s the top home upgrades you must avoid along with some alternatives to consider.
Most kitchen appliances are reasonably priced, but if you prefer to go all out and invest in an Ilve Majestic Techno Collection range, a Hammacher Commercial Juicer or a Meneghini Arredamenti refrigerator, you will be investing tens of thousands of dollars in a kitchen that will most likely never pay for itself.
On the other hand, more modest renovations such as new flooring, counter tops, cabinet hardware and lighting fixtures can make a big difference. Here, you’ll have an investment that not only will you enjoy, but one that won’t break your budget.
Can a swimming pool add or detract from a home’s value? That’s open to debate and is certainly something that may never pay off. Indeed, if you invest in an in-ground swimming pool, a changing house and a storage shed, you may shell out more money than it is worth.
On the other hand, investing in an above ground pool may not be so bad. Sure, the pool may not last long enough to warrant counting as an upgrade, but its value during the time you own it should not be easily dismissed.You might simply get rid of the above ground pool before you put your home on the market.
Eliminating a Bedroom
Selling a home is more difficult if you have few bedrooms to show for it. Indeed, a two-bedroom home is much harder to sell than a three-bedroom home. That means you should carefully consider not combining bedrooms if the reduced number of bedrooms makes your home unmarketable.
However, if you own a six-bedroom home, eliminating a bedroom can actually help out. A home of that size can seem much too large and dissuade people from looking at your home. Furthermore, combining two bedrooms may yield a far more interesting living arrangement thanks to that added room explains North American Moving Services.
There is a trend for people to have home theaters, an entertainment area that can be fun and enjoyable for the entire family. But a home theater may not appeal to every buyer, especially if that room offers little other purpose.
What you might consider with such a room is making it an all-around family room. This means investing in the screen, but also have a pool table or other entertainment area for broader appeal. Furniture that can be moved around is also appealing — for some buyers a fixed room layout is simply too restricting.
A full bath with a shower/bath, toilet and sink is sufficient for most people. However, you may prefer an extended bathroom with a sitting area, sauna and other contraptions.
Unfortunately, super sized bathrooms can turn off buyers who may have little interest in the extra room let alone the cost (water and electricity) and upkeep associated with it.
It can be a bit odd sharing ideas of what you should or should not put in your home, especially since you own the home. However, if you have an eye toward eventually selling the home, then carefully considering what updates and expansion plans you take is of critical importance.
If you want to boost your home’s value, then look at the kind of updates that real estate brokers recommend. Such updates include making the best room of your space, updating the lighting, fixing plumbing problems and updating the front door may have a more positive impact on resell values than mostly anything else you have in mind.