If you're considering putting your home on the market in the future, you're probably also thinking of several home upgrades you'd like to do before listing your property.
However, not all renovation projects are worth your time. Some don't add value to your home when you sell, which means you wouldn't be able to recoup the cost you spent. If you're hoping to boost the selling price of your home, here are five common home upgrades to avoid.
1. Swimming Pools
Swimming pools can be a fun investment, but they can also turn off potential buyers in the future. From the standpoint of a homeowner, swimming pools can create a safety risk, especially for families with children. Having a pool also brings in added expense to keep in maintained.
2. Extensive Landscaping
Landscaping is a surefire way to improve your home's curb appeal, which is important if you want to attract buyers even before they step foot inside your home. However, spending thousands of dollars on exotic plants and trees won't add much value to your home once you put it up for sale. This is primarily because landscaping choices depend on personal preference.
If you're thinking of improving your curb appeal, don't go beyond manicuring the yard and repainting the walls. If the lawn is brown, lay some sod or add inexpensive flowers.
3. Focusing Too Much in One Room
If you plan to make home upgrades, make sure you're upgrading every room instead of putting all your money into only one space. Overextending your budget to create a state-of-the-art kitchen and neglecting your bathrooms and bedrooms creates an imbalance in the flow of your space, which actually decreases the value of your home.
4. Latest Technology
If you're looking to upgrade your kitchen, steer away from installing fancy stoves, refrigerators, and other appliances. Not only are they costly, but they can also turn off prospective buyers who may not be willing or are unable to fork over for the upgrades. Additionally, the buyer might not find the latest upgrades necessary.
5. Personalized Rooms
When potential buyers browse mansions and estates, they may expect to see a bowling alley, a screening room, or a spa. While these are cool additions, it may not seem that way for families and individuals looking for the typical single-family home.
If you're considering adding a room, make sure it's not overly personalized or specific. Instead, consider adding a room that serves a common purpose so the buyer can envision what they can do with the space should they push ahead with the purchase.
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