Selling Your Home: Renovations that won’t add value
I read this article and I thought I would pass along the suggestions it made about home renovations.
While you may like the idea of restaurant quality appliances and a large island, it may be a turnoff to buyers that aren’t cooking gurus. If you’re looking to renovate your kitchen, consider simple upgrades that won’t compromise the value of your home or limit the pool of potential buyers.
2. Luxury bathroom upgrades
The 360-degree shower or jetted-tub may not be appealing to the environment conscious buyer. Instead of seeing a relaxing oasis, they see a high water bill. Consider keeping your renovations in the bathroom modest, you can go all out for nice fixtures and flooring, but keep in mind the potential buyer if you’re planning on selling your house in the near future.
A potential buyer sees a pool or hot tub as an extra expense. Maintaining a pool costs approximately $1,500 a year, along with other maintenance, such as cleaning. Pools and hot tubs are also an added liability that can affect homeowner’s insurance policies. While a pool may seem like a blast for the hot summers, it will also limit the amount of buyers interested in your property.
In conclusion, if you’re looking to sell your home in the near future, but are interested in making some changes in the mean time, don’t forget the potential buyer’s wants and needs. Keep renovations simple that will add positive value to your home.
