Six renovations that don’t add value to your home 1. Swimming Pools Swimming pools are one of those things that may be nice to enjoy at your friends or neighbours house, but that can be a hassle to have at your own home. Many potential home buyers view swimming pools as dangerous, expensive to maintain and a lawsuit waiting to happen. Families with young children in particular may turn down an otherwise perfect house because of the pool (and the fear of a child going in the pool unsupervised). 2. Overbuilding for the Neighborhood Homeowners may, in an attempt to increase the value of a home, make improvements to the property that unintentionally make the home fall outside of the norm for the neighbourhood. While a large, expensive remodel, such as adding a second story with two bedrooms and a full bath, might make the home more appealing, it will not add significantly to the resale value if the house is in the midst of a neighbourhood of small, one-story homes. 3. Extensive Landscaping Home buyers may appreciate well-maintained or mature landscaping, but dont expect the homes value to increase because of it. A beautiful yard may encourage potential buyers to take a closer look at the property, but will probably not add to the selling price. 4. High-End Upgrades Putting stainless steel appliances in your kitchen or imported tiles in your entryway may do little to increase the value of your home if the bathrooms are still vinyl-floored and the shag carpeting in the bedrooms is leftover from the 60s. Upgrades should be consistent to maintain a similar style and quality throughout the home. 5. Wall-to-Wall Carpeting While real estate listings may still boast new carpeting throughout as a selling point, potential home buyers today may cringe at the idea of having wall-to-wall carpeting. Carpeting is expensive to purchase and install. 6. Invisible Improvements Invisible improvements are those costly projects that you know make your house a better place to live in, but that nobody else would notice - or likely care about. A new plumbing system or HVAC unit (heating, venting and air conditioning) might be necessary, but dont expect it to recover these costs when it comes time to sell.
Posted on: Mon, 08 Dec 2014 02:59:33 +0000
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