5 Upgrades That Won't Add to the Resale Value of Your Home
If you're thinking of doing some renovations around your house this summer, here are some of the upgrades that you may want to avoid. These renos are unlikely to add any type of resale value to your home.
Installing A Concrete Patio
Concrete patios can look great for the first couple of years but then they tend to crack. When this cracking starts, it's almost impossible to repair it so that it looks as good as new. Concrete can also cast a glare that is very harsh, which can be a concern to a potential buyer.
A Basketball Court
Basketball and tennis courts take up a lot of space in the yard. There are going to be only a handful of selected buyers that would consider purchasing a home that has a large court on it. You should only consider adding a court if you live out in the country and have acres of land to play with.
Wall To Wall Carpeting
Gone are the days when potential buyers were looking for a shag rug that ran from one of the end of the house to the other. Many buyers are going to be put off by a home with carpets flowing through it unless the carpeting is kept immaculately clean. All it takes is one stain and you could lose a home sale. You're better off sticking with a hardwood floor and then placing area rugs on top of it if you are thinking about the resale value you could get for your home down the line.
While you may have fallen in love with a bright red quartz countertop at your local kitchen showroom, this doesn't mean that everybody else will have the same taste that you do. Be careful when you're making radical choices especially when it comes to something like a countertop that's hard to replace.
Creating A Home Office
It's okay to put together a home office but you'll need to be prepared to disassemble the creation when you're putting your home on the market. When you convert one of the bedrooms in your home into an office space, your home can be listed as having two bedrooms plus an office instead of as a three-bedroom house. Create your office but be prepared to convert it back to a bedroom once again when it's time to sell your home.
Why Are Some Home Improvements Worse Than Others?
Some home improvements appeal to a wide range of people. Improvements that add living space, make entertaining easier, improve the efficiency of the house and improve the look of the house are all upgrades that will appeal to most home buyers. Examples of these types of improvements include adding a deck, building on a bedroom and remodeling a dated kitchen. These are smart improvements because they make the home easier to sell.
Other home improvements do not have such wide appeal. Examples of these types of improvements may include: installing a home recording studio or creating a darkroom in the house. These home upgrades tend not to be acceptable for home buyers, as niche home improvements will only suit a small number of people and make a home less appealing to the broad market. This can make the house harder to sell. Home owners who want to improve the value of their house before they sell should speak with a real estate agent before making home improvements.