Think Twice About Doing These Renovations Before Selling Your Property!
The first thing you will always think of before you sell your property is if you should remodel or renovate it, to increase the home’s value. Most homeowners invest in expensive renovations that never actually increase their home’s sale value.
The worst part of it is that a good number of sellers think these renovations will actually pay off in a huge way. Here is a look at the different renovations that homeowners think will add value to their homes, but end up being a waste of time and money.
1. Extensive Landscapes
A beautiful landscape will most definitely make a property look great. However, the people who purchase your home will probably do their own landscaping. So it doesn’t make sense to pay for something they will not earn you extra money in the end.
You can, however, do the basics, like making sure the bushes are well groomed, the grass is mowed, and the leaves are picked up. Also, the property may go on the market after some snow falls. So, if you invested in an extensive landscape, this may not be fully appreciated.
2. Swimming Pools
Homeowners will love the idea of having a swimming pool on the property. However, not every buyer of a house wants to have a swimming pool, especially when there is more cold weather in the area than hot weather. The other downside of having a swimming pool is that it’s hard to clean and maintain. Some buyers also consider a pool a safety hazard for a family with young children or pets.
So, if your house already has a pool, keep it clean and maintain it, but don’t do any renovations, because it will probably not be worth it.
3. Wall To Wall Carpeting
You will save on quite a lot if you just leave what you have as it is. In the case of wood floors, just leave them alone, for the most part. All you can do is sand them down and apply a shiny coat. If you already have a carpet, you can let professionals do a good steam clean. If there are noticeable stains, just let them try to get them out, because most buyers will just end up making changes anyway.
4. Well Decorated Basement
Buyers will most definitely consider the basement of the house before buying it. But one thing is for sure; they will not pay extra for a well decorated basement. To most buyers, it’s just not worth it. A house is only worth what comparable homes around the area are worth. So, a well maintained basement will help seal the deal, but will not pay for itself. The only exception to this remodeling is if you are adding a legal bedroom to it.
5. Patio And Playground Equipment
Investing in water fountains, awnings, multi-purpose playgrounds, gazebos, patios, or fishponds may not get your money back. These things will only impress the buyer and convince them to choose your house over another, but it will not generally add value to the house.
Conclusion
With that said, the above mentioned adjustments will only make your house the better choice, but it will not make the buyer pay extra for it. So do your research before investing in any of the above renovations.