Home Improvements That Hurt Your Home's Value
Home improvements are supposed to drive up your Coventry Hills home value, but not all of them are good for your home. Some home improvements can actually make your home less desirable to buyers, which can make selling your home more difficult. If you're a homeowner and you're thinking about making a home improvement sometime in the next few months, be careful when making the following home upgrades.
1. Changing a Bedroom Into Something Else
Home buyers like bedrooms. Changing a bedroom into something like a home office or a recording studio only reduces the number of bedrooms in the home. Doing this only limits the number of people who can live in the house, and also limits the number of home buyers who will be interested in the property. When changing a bedroom into something else, homeowners should take care to ensure the bedroom could still be used as a bedroom when someone else moves in.
2. Combining Bedrooms
Removing a wall between two bedrooms to create one large room is another way of removing a bedroom and reducing a home's value. A homeowner who needs a large room for some reason may want to add on a large room to their home, rather than knocking down a wall inside.
3. Texturing Your Walls
Wall texture makes painting difficult, and many home buyers aren't interested in wall texture as an aesthetic choice. Rather than texturing the walls, many homeowners would be better off painting stripes or other patterns on their walls. This can be easily covered up when the time comes to sell.
4. Adding Bright Colours on the Walls and Floors
Bright colours can be off-putting to home buyers. People who are thinking about selling their home sometime in the next year should avoid installing brightly coloured carpeting or painting their walls in bright, bold colours.
5. Installing Unpermitted Work
Unpermitted work can make a home dangerous and hard to sell. Many home buyers will ask for unpermitted work to be torn out and replaced with permitted work, and those that don't may offer less money. Homeowners who are making home improvements should always go the extra mile to get the work permitted.
If you're a homeowner who is thinking about selling your home sometime in the next few months, work with a real estate professional to determine which home improvements will be beneficial, and which ones will not.