UPGRADES THAT WON’T ADD VALUE TO YOUR HOME
Not all upgrades are created equal—some will add definite value to your home, while you may not recoup the full costs of others. Check out these common upgrades that may cost more than they’re worth. Even if you don’t have the funds or the energy for a big improvement project or remodel, small changes can make your home a more enjoyable place to live, increase its value, and help you command the best possible price when you sell.
PUTTING IN A POOL
Unless you live in an area with year-round warm weather, the costs of routine maintenance and safety concerns for young children may keep buyers from paying top dollar for your home.
HIGHLY CUSTOM DESIGN DECISIONS
Keep upgrades fairly neutral, as no one wants to rip out something that’s been recently renovated because it’s not their style.
PERMANENT BEDROOM CONVERSIONS
Combining two bedrooms to make a mega-closet may be a good idea for your lifestyle today, but going from a three to a two-bedroom house can hurt the value when you try to sell.
INCREMENTAL SQUARE FOOTAGE GAINS
Big changes, like converting a basement, can be a good decision. But smaller additions may create an awkward floor plan and cost more than the added value.
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Home improvement projects that add big value to your home.
Exchange light fixtures for ceiling fans.
A stylish new ceiling fan instantly updates a room and can add value to your home. Choose fans that create a rustic vintage look or add a cool island vibe to an outdoor patio.
Replace your kitchen faucet and sink.
If your sink is chipped and stained, or your faucet is grungy, new fixtures will make food prep and washing dishes more enjoyable. Even a basic but deeper stainless steel basin will sparkle, and a pullout faucet will add a modern touch.
Other simple changes in the kitchen and bathrooms can have a huge impact.
A new backsplash can tie together the colors in your counters, floors and cabinets and can be an easy do-it-yourself project. New drawer and door knobs are a lovely addition. Adding a medicine cabinet or changing the mirror in a bathroom will instantly update the room.
Simple tips like these can create a happier, healthier and more valuable home. Thank you for thinking of me for all of your real estate needs, and be sure to share my contact information with anyone you know of looking to buy, sell or invest in a home.
