Home renovation projects are an exciting thing to do, especially if you are looking to personalize your house into something you have always wanted since you were a child. However, your idea of a dream home may not always be the same as someone else's idea of their dream house; therefore, it would be wise to stop and think twice before doing certain home renovation projects if you do not want your house value to suffer.
Home renovation projects can either make or break your house value. Whether it boosts your house value or not depends on the home renovation project you would like to take on. Here are 3 home renovations that you should avoid at all costs if you are wary of your house's selling price later on:
1. Taking the Open-Floor Plan a Bit Too Much
Open floor plans are slowly becoming a trend in the real estate market because it helps give the impression of a bigger, brighter space. However, just because it's slowly becoming a trend doesn't mean you should go and knock down the walls of your home.
According to House Beautiful, knocking down the wrong walls or too many of them can do the opposite effect to your house and give the impression of a smaller home.
2. Upgrading Your Furniture and Accessories
Upgrading your furniture and accessories at home isn't exactly a bad thing; however, some homeowners can go over the top when it comes to upgrading their items at home. If your house sits in an area with mid-range homes, then it would affect your house value so greatly that you wouldn't be able to recoup your costs.
3. Adding a Swimming Pool
Swimming pools can also make or break your house value. As previously reported on Realty Today, if you live in an area that's hot most of the time and if your neighbors also have one at home, then the pool can add to your house value.
However, many buyers may also be put off with the thought of having a pool at home. Apart from the costs of maintaining a pool, having one at home can also be risky, especially for those with younger kids.
