Avoid Renovations That Could Damage the Value of Your Home
People buy and move into new homes (well, new ones for them) for a variety of reasons. And it’s one thing if the idea is to stay in the house for the rest of your life (or at least for the foreseeable future), but if you think – or know – you’re going to move at some point in the not so the distant future is a completely different matter. This can happen if you accept a five-year contract to work in a city where you do not intend to stay, or if you plan to start a family and, for example, end up outgrowing your starting home.
While it’s important to feel at home and comfortable, including by decorating rooms to your liking, sometimes certain changes can make your home less valuable when you try to sell it in the future. Here are a few home renovation jobs that could ultimately undermine the value of your home.
Removing toilets to enlarge the room
While there is likely a good reason why you want to break up your closet to increase space , a prospective prospect might not think the same way. For most people, it is important to have built-in storage such as wardrobes, but a larger office or bedroom is not.
Individual decor that is difficult to replace
You may like the look of an unconventional tiled pattern or textured ceiling, but again, someone considering buying your home might not like it. In fact, some experts argue that even choosing bright, bold paint colors like blood red for walls is not a good idea . While you can paint over before listing your home for sale, it will take more time and effort to render the walls neutral again.
Combining small bedrooms into a large
Having a large master bedroom may be nice, but the reduction in the number of bedrooms in a home may mean that potential prospective buyers – who require a certain number – might not even consider scheduling a show. Each bedroom can add about 15% to a home’s value, according to Brian Davis, real estate investor and director of training for rental resource SparkRental.