Things like upgrading your kitchen, adding a fresh coat
of paint or changing out old windows for modern, energy efficient options, are
tried and true upgrades that can increase the value of your home. However, some
home changes and improvements won’t be worth it in the long run. Here we’ll
take a look at a few home upgrades that can actually negatively impact the
value of your home. So if you’re thinking of remodeling to increase your resale
value, remember the following things to avoid.
bedrooms into other spaces: If potential homebuyers see it’s a
four-bedroom house, they want to go to the open house and see four bedrooms. If
you don’t need all the bedrooms, it’s tempting to turn one into a media room or
game room, but for resale purposes make sure the staging in the bedroom area
indicates exactly what that space is for.
trim and textured walls:
You may think any potential homebuyer would see these unique features
and know they can easily paint over them, but the truth is painting trim is a
tedious and time-consuming job that most buyers would like to avoid. As for
textured walls, they’re daunting to sand down and remove.
tubs: Design and
staging experts agree that inheriting someone else’s hot tub is a bit of a
turn-off. What’s more is how many potential buyers find them to be a little
unsanitary as well. Unfortunately, once a hot tub is installed, it's not an
easy feature to remove from a deck or backyard.
Too much landscaping: Of course you want your yard to look as
inviting as possible, but it’s important not to go overboard when it comes to
landscaping. While it looks great, an overly-manicured yard and lawn can look
like too much maintenance for potential buyers.
Ken Blevins, Chief Executive Officer of Metrowest Real Estate Services, is a veteran in mortgage and default servicing with more than 23 years of experience in collections, foreclosure/bankruptcy, los....