“You would not build a house unless the design was exactly what you wanted; Honing in one the design of your renovation project is crucial before you proceed.” –Michael Upshall
Home renovations are not only recommended, but paramount when it comes to a home’s functionality.
After all, if you have lived in a home for a significant amount of years, it will inevitably show signs of ordinary wear and tear. In this regard, every homeowner would have to go through routine home maintenance—some which would include replacing worn-out plumbing components or staining the deck. However, home renovations are not just for repairs, some are done to enhance a home’s aesthetic appeal in hopes of increasing the overall home value for a prospective sale in sight. However, not all home improvement projects are tailored the same. While there are specific projects such as adding a well though-out family room or other functional space that would certainly make an excellent investments, there are those that do not quite make the cut. Unfortunately, these other projects would allow you a limited avenue in recovering the costs by the time you wish to sell.
Sure, some homeowners might be impressed by the improvements you have made but not so much that they would be willing to pay for them. In this regard, they would either be unimpressed or unwilling to factor the upgrade into the purchase price which would resultantly fail you to land a deal. Or worse, it might cost you to lower your purchasing price leaving you with no ROI at all. In any case, whether you are planning a home remodel in Senta or elsewhere, it would be wise to plan your renovations strategically so that by the time you wish to sell, you are offered the best price possible. With this in mind, be aware of the home improvements that would add little to no value to your homes at all:
- Swimming Pools
Pools are considered a luxurious home addition and sure it may be nice to enjoy at a friend’s or neighbor’s house, having one in your home could actually mean a hassle. Most prospective homeowners would see swimming pools as dangerous and rather expensive to maintain. Families with small children in particular might think twice about getting a home simply because of the pool.
- Overbuilding for the neighborhood
In an attempt to increase a home’s value, some homeowners may make improvements to their home in an inadvertent attempt to make the home seem extravagant for the neighborhood. Sure, large and expensive remodels might make a home more appealing, but it would not guarantee you a sale. Moreover, it does nothing to your resale value if your home is surrounded by small one-story homes.
- Extensive Landscaping
While it is important to never overlook your curb appeal, it is also imperative that you do not overdo it. Your potential homebuyers would appreciate the mature landscaping and a well-maintained lawn, but you cannot reasonably expect your home’s value to increase on account of it. Picturesque yards and beautiful gardens may prompt prospective buyers to take a look at your property, but this will hardly add to the selling price. Moreover, your buyer might see it as extra work if they do not wish to put in the same effort as you did—giving them all the more reason to look for properties elsewhere.
- High-End Upgrades
Incorporating stainless steel appliances in your kitchen may seem like a sound idea for an upgrade, but this would rarely add any value to your home—particularly if your homebuyers are trying to stay within budget. Seeing imported tiles in the entryway and having vinyl flooring might be construed as additions for bloating up your asking price by your buyers. This is especially true if you bought your home mid-range where the upgrade is inconsistent with the rest of the house.