Changing or updating something in the home may be nice to do, and even necessary, but incorrectly planned, or done incorrectly, it may adversely affect the resale value of the home. Of course, if you’re not planning to sell in the reasonable future, make your home yours and comfortable rather than bland and neutral, but be aware of some common pitfalls;
Kitchens and Bathrooms – It’s safe to say that both typically yield the best ROI, but can quickly be the reverse if the finishes or fixtures are too high-end. The cost of large soaker tubs and walk-in steams showers, as well as industrial size fridges with other high-end appliances may not be recoverable, particularly as they age and the warranty expires.
Creating larger spaces – combining two bedrooms to make one, turning a bedroom into an office, or even breaking the room separation from formal dining to the social kitchen can end up costing a deal because trends change and losing a bedroom or having too big of an open space can make buyers feel too exposed and short of space.
Finishes – Be it wallpaper or tiling, the bold statement or whimsical feel may be to your taste, but off-putting to a potential buyer. Keep wallpaper to a single wall in a room and tile neutral to keep the buyer’s interest.
Recreation – Media rooms, swimming pools, extravagant outdoor spaces, or even converting the garage to a hang-out. These all scream MAINTENANCE to someone who doesn’t appreciate them as you have.
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-Steve Seaborn
@ltlcontractor