Is your home in need of a little TLC? Home improvement can be a lot of fun. You are after all trying to make your living space look the best that it can be. However, in the end, the goal of these projects is to boost the value of your property. If you begin to indulge in projects that won’t enhance the resale value of your home, then that’s a waste of money. It’s the bitter reality of the real estate market!
Therefore, before you start working, it’s better to study the market. Try to find out what home improvement project might allow your property to stand out from all the rest. For example, adding a porch to your house might be a good idea, if the other houses in the neighborhood don’t have porches. We’ll go through a couple of home improvement projects that you need to be careful about.
A lot of people find pleasure in renovating their bathrooms. It’s a great opportunity to get creative with your living space. You can choose different colored tiles and work on creating a whole new look! However, the problem is it is easy to get carried away with bathroom projects.
Hence, the best way to proceed with your bathroom is to look at the essentials. Is it presentable? Some bathrooms already look good the way they are. Maybe just regrouting your tiles could enhance it a bit. However, if the wall and floor tiles are coming off, then it’s time to have them replaced. Whatever you do, don’t go for a luxury look unless you have to. In most cases, bathroom projects don’t really increase the value of the property significantly (or at all).
Wall-to-wall carpet can contribute a lot to the overall image of every living space. However, with time, carpets tend to stain or wear out, especially in high-traffic spaces. There are only a handful of carpet materials that will last long. Therefore, if you’re looking for a profitable resale, then it might be a good idea to install hardwood or tile floors. Take note that the buyers might not even like the look that you have and you’ll end up spending thousands of dollars having to rip up the new floors you just installed. It’s not a pleasant thing to do! Approach flooring projects with a high degree of caution.
It’s important to give people a good first impression. Your garden should be clean and the grass should be freshly cut. The plants and flowers should have a nice arrangement, but don’t go overboard with your landscaping job.
Many homeowners are too ambitious. They install fancy water features and turn their garden into a very complex botanical arrangement, which might not even appeal to the buyers. As a matter of fact, having a high-end landscape might be a cause for concern for potential buyers because of maintenance costs. It’s just better to stick to having a pleasant-looking garden. Keep it presentable with some basic gardening and maintenance.
Installing A Pool
If you are living in a state like Florida, Texas, or California, installing a pool might be a good investment. Yet, if your property is in a colder climate, then a pool is not worth it at all. Not only are they terribly expensive, but they are also difficult to maintain and potentially hazardous if a prospective buyer has kids. Most likely, if you don’t like it, the buyer won’t like it either.
Experts working in the property market have also found that pool installations contribute less than 10% of the home value. Sometimes it might even decrease the value a bit. In some cases, real estate agents advise homeowners to have their pools removed. Again, it’s all about your knowledge of the local market. Only do the home improvements that cater to the needs and tastes of any potential buyer.