From DIY projects to hiring professionals, there are many improvements that can increase a home's value prior to selling. However, there are some changes you should avoid, no matter how popular they are.
Open concept living spaces are very popular and attract buyers, but be careful when eliminating certain spaces. For example, any family looking to purchase a new home will most likely want the option of multiple bedrooms, so knocking down walls to combine two smaller rooms could cost you. Instead, opt for light paint colors and furniture with simple lines to make the rooms feel larger.
Trading in Your Closet Space
Closets are typically first to go when a homeowner embarks on a bathroom or bedroom renovation. They may seem easy to sacrifice, but closets are important storage space for most potential buyers. If your renovation needs to go through an existing closet, be sure to add in a new option elsewhere in the room.
The Family Pool
If you are considering adding a pool to your home, it’s important to first consider how long you plan to live there. A swimming pool can be detrimental to the sale of a home as most buyers don’t want to inherit the cost of maintenance or the safety issues that are associated with it.
It may seem like a good idea to install wall-to-wall carpeting in certain rooms for the comfort and safety of kids, but most buyers are willing to pay more for hard wood floors. In addition, the style options of carpet are unlimited, and what you choose may not appeal to others.
When making improvements to your home, be sure to consider whether or not a potential buyer would need to invest more money to reverse the changes. Be sure your choices benefit the appeal of your home and therefore increase the value should you one day choose to sell.