Do you want to increase your home’s value? Of course you do; we all do! Just in case we ever want to move, or just so we can say that our home is worth more than when we bought it. Either way, increasing your home’s value can be very satisfying. However, many people are unaware of the huge mistakes they can make when renovating their home. Here are some home improvements you shouldn’t make if you want to increase your homes value:
1. Over Improving Your Home
The more money you’ll spend on home improvements, doesn’t necessarily mean you’ll get more for your home. In fact, there is such a thing as over improving the home. Take a look at some of the other houses in your street; if you spend money making it look better than them, out of place even, then you’ll find your home very difficult to sell. Some people say that your house is only worth as much as the street it’s in! Spending £100,000 on improving your house doesn’t mean you’re adding that much on to the resale value. An estate agents in Acocks Green, for instance, could give you more advice on how to improve your home to suit the street.
2. Installing a Pool
Having a pool may seem like a dream to some people, but a pool is something that a lot of people don’t want to deal with. In fact, it can be a real negative thing for many families. They can’t be bothered to put in the maintenance that a pool needs, plus there’s the risk of children drowning.
3. Installing a Jacuzzi
While a jacuzzi may seem luxurious, only a small niche of people would like one in their home. If you have one installed, you’re appealing to a much smaller group of people.
4. Creating a Wine Cellar
Something as specific as a wine cellar also appeal to a much smaller group of people, again making your home seem less desirable to most people. You may have a big interest in wine, but if you’re planning on selling your home, I’d avoid building a wine cellar.
5. The Roof
The only time you need to spend money on improving your roof, is if there’s something wrong with it, like a leak. People don’t really care about the roof unless there’s something wrong with it, so a new one won’t necessarily get you more money. Save the time and effort!
6. Recreational Rooms
A home cinema for example, pushes up the price of a home unnecessarily and make it very difficult to take off the market. Your home is only worth what somebody is willing to pay for it, so unless you can afford to lose money on your home, I wouldn’t bother doing something as lavish as this.
7. Fancy Wallpaper
Buyers prefer neutral decoration. Not everybody shares the same tastes, so they won’t necessarily want to see fancy wallpaper all throughout the house. In fact, they could see this as a renovation they must make once they’ve moved in, putting them off buying.
Now you can make smart home improvements and avoid making silly mistakes!