Some renovation upgrades, such as kitchens and bathrooms, are usually fairly reliable for adding to a home’s resale value. But there are others (and if you’ve gone house-hunting in the last few years, perhaps you’ve seen a few) that are just plain bone-headed. What’s worth the cost and what isn’t?
What home upgrades are least likely to return their full investment (or close to it) when you sell, or what can even turn buyers off. Some points might surprise you.
Wall-to-wall broadloom Once considered a selling feature, this is now a liability in many buyers’ eyes. Broadloom is incompatible with pets and people with allergies, and is perceived as hard to clean. If you have hardwood floors, have them refinished or consider installing them if you don’t.
Whirlpool baths, saunas and indoor hot tubs Once considered chic, these are now often seen as just expensive, energy-guzzling extras. More commonly referred by home owners as a barely used feature.
Expensive built-in sound systems and home theatres Some buyers will be attracted to this, but not everyone is an audio/cinephile, nor will they pay a premium for a house with this feature. Its a preference thing but most people may see that as a extra incentive to buy.
Extremely Colourful bath fixtures These went out with poodle skirts. Depending on how flashy or (artistically non-appealing) Chances are the buyer may just see them as a renovation to-do and will plan to get rid of them after the purchase.
Ornate chandeliers, wallpaper and paint treatments Taste is very individual and idiosyncratic decorating can turn buyers off; stick with neutral, simple decor. Less is more!
Odd rooms and walls A wall bisecting a large bedroom into two unusably small ones or a cramped powder room under the stairs or in a closet … many buyers will see these as merely a future renovation expense.
Overly fancy appliances Stainless steel-finish appliances are worth paying a few more dollars for (compared to equivalent white or colour models), but six-burner professional stoves, double dishwashers and a fridge big enough for a restaurant rarely recoup their initial cost.
Cheap laminate or vinyl tile flooring Some types of laminate are attractive and practical; others just look cheap and fake. Especially avoid peel-and-stick vinyl tiles or be prepared to replace them when you put the house on the market. For not much more money, choose hardwood, stone, bamboo or cork.
Swimming pool There is some debate about this among Realtors; to some buyers, a swimming pool is a selling feature. But a pool rarely recoups its entire cost, and it will reduce the number of potential buyers interested in your home as there are a number of people whom are unwilling to accept the carrying costs associated with maintaining it.
Merging 2 or more bedrooms
For example given a 3 or 4 bedroom home, even if that third/fourth bedroom is miniscule, it’s still a bedroom. No matter how spacious your newly enlarged master bedroom or how luxurious that new spa bath, the home prices for 4 bedrooms over 3 or 3 over 2 will command considerably higher prices. On paper they look bigger.
Source: Style At Home