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Some renovations and upgrades, such as kitchens & bathrooms, can be very good for adding to a home’s resale value, if done right.
But there are other upgrades which actually decrease the value of your home when it’s time to sell, or make the home harder to sell.
I’ve seen some real eye-openers in my career and you’ll find it surprising to learn which upgrades are least likely to return their full investment when you sell.
Some upgrades might even turn off buyers or discourage interest in buying your home.
1. Whirlpool baths, Saunas & Indoor Hot Tubs:
Once considered chic, these are now often seen as just expensive, energy-guzzling extras.
2. Elaborate Built-in Sound Systems / Home Theatres:
Some buyers will be attracted to this, but not everyone is an audio/cinephile, nor will they pay a premium for a house with this feature.
If you’re adding a home theatre for your own enjoyment – GREAT!
But if you’re doing to increase resale value, you must first consider who potential buyers are for your home.
3. Wall-to-wall Carpet:
Once considered a selling feature, this is now a liability in many buyers’ eyes.Broadloom is incompatible with pets and people with allergies, and is perceived as hard to clean.
If you have hardwood floors, have them refinished or consider installing them if you don’t already have them.
4. Funky Coloured Bath Fixtures:
These went out with poodle skirts. Chances are the buyer will just see them as a renovation to-do and will plan to get rid of them after the purchase.
5. Embellished Chandeliers, Unique Wallpaper / Paint Finishings:
Taste is very individual and idiosyncratic decorating can turn buyers off; stick with neutral, simple decor.
6. Cheap Laminate or Linoleum (Vinyl) Flooring:
Some types of laminate are attractive and practical; others just look cheap and fake.
Especially avoid peel-and-stick vinyl tiles or be prepared to replace them when you put the house on the market. For not much more money, choose hardwood, stone, or other modern & more appealing choices.
7. Turning a 3 Bedroom Into a 2 Bedroom:
Even if that third bedroom is very small, it’s still a bedroom.
Regardless of how spacious your newly enlarged master bedroom or how luxurious that new spa bath is, the demand for two-bedroom homes is significantly smaller than for three-bedrooms.
And they command considerably lower prices.
If you have other questions about renovations to your home with the intention of selling in the future, I’m always happy to answer questions & help.
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