Home Renovations that Kill the Sale
You may think that any home improvement is an investment but when it comes to updating your home some renovations can actually be a money pit?
Here are some home updates that don’t bring a return on investment and even some that might repel future buyers.
The saying goes, “Kitchens and bathrooms sell homes”. This is true but keeps it simple when renovating. Keep clean lines, neutral decor, upgraded appliances are your best bet. Remember to consider your home and the neighborhood don’t put a master chef kitchen in a mid-level home. You will only end up losing money.
A bathroom can easily be updated by giving it that hotel spa look. Use white or cream towel sets, a clean but non-intrusive candle and some new knobs on the cabinets.
Before you install all brand new carpeting some buyers are turned off by wall-to-wall carpeting. If you have pets this is especially true. Buyers who have allergies do not want to buy a home with wall-to-wall carpeting.
Expensive wallpaper may be in but buyers prefer painted walls. Use clean and neutral colors.
Adding a swimming pool will limit your buyer pool (pun intended). Pools attract a specific buyer but they do not add a monetary value to the home. Some buyers just don’t want the added expense, danger or hassle of a pool. If you do install a pool, an in ground pool is most preferred.
Before you do any home renovations consider how it would appeal to a larger population in the sale of your home?
Source: Beaudoin & Associates Realtors
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