Here's a home selling tip you should know: Not all house upgrades are beneficial. There are some "improvements" you must avoid for home resale.
Yes, if you are planning to resell your house eventually, avoid costly renovations. In reality, some upgrades even lower your home's market value in your buyer's opinion. Won't they think it is a good additive? Probably, still, not all will agree with you. Some clients may just think of them as another hassle that needs to be redone if ever they buy your home. Others might not even consider your house because of these additional features.
Here' s our list of five house upgrades to avoid for resale:
1. Leased Solar Panels
Having leased solar panels may complicate things when you plan to resell your home, reports LA Times. As they are on lease for the next few years, the new buyers still have to qualify for certain credit standards in order to continue with the lease, LA times notes.
2. Wall-to-wall Broadloom
Style at Home does not recommend for you to have a wall-to-wall broadloom installed in your home which will just be listed for resale. The vast carpet, with its innate material and texture, may not be compatible with some people with pets, or those who have allergies. Your clients might be pondering much about it, too. Most people equate it to not being easy to maintain or to clean, Style at Home adds.
There's also a high chance that people may not like the color you picked for a certain room. As Pollock's Flooring reminds, installing a carpet is a big and important move and there are several details you must decide on before you buy one such as use, location, price, color, texture, design and even the quality of fiber.
However, if you are intending to install broadloom because you think its benefits far outweigh the possible inconvenience, go ahead by all means. Broadloom can cushion feet, enhance living room space, provide warmth and absorb sound, says Pollock's Flooring.
3. Overhauling a Home Office
A home office may have been a necessity for you, because you used it as your private workspace. However, some buyers will not be thrilled seeing them in their homes, says Frontdoor.com.
Keep your home office functional but simple. Do not splurge on expensive table desks, space-consuming filing cabinets and even customized built-in bookcase, suggests Frontdoor.com.
4. Over-the-top Home Theater Upgrades
You may need to reconsider making over-the-top home theater upgrades, notes Studio at Home. Remember, not everyone consider it as their idea of fun. Some bookworms would prefer having an entire library for this amount of space instead.
5. Aquariums
In a report by Joanne Cleaver for Bob Vila, the one that topped the list of giving a poor return on investment is having aquariums. Not all are pet lovers and not all pet lovers are fish lovers. This is the same reason why you should not even give pets as presents. They are hard to maintain and to keep. The person who may actually like this idea is a fish fanatic. So, what's the chance of finding buyers like that?
So, before you embark on costly upgrades, think first if you will reap the benefits of your investments against your intended length of stay.
Unitil next time, happy selling!
