Unless you had your home custom built it, there is probably a thing or two you would change about it. If you are planning to remodel a home you do not plan on living in the rest of your life you may want to consider how those projects will impact the home’s resale value. Below we have put together a list of the top home renovations that don’t tend to be very popular when you put your home on the market.
Kitchen that is Too Much
The kitchen of course is the room in your home where you can get the most return on your remodeling dollars. In order to get a nice return on investment you want to make sure you keep it simple. Don’t go overboard with making the kitchen fancy, you run the risk of personalizing it to your dream kitchen. What you may think a dream kitchen should look like will not be what someone else has dreamed their kitchen to be.
Just a short while ago fancy electronics and rooms built around them, were very popular. The technology market keeps getting faster and faster with new product output. So that smart tv and top of the line sound system conveniently built into the walls to look sleek and stylish is going to be old in just one year.
A better investment would be the system that is freestanding and you can take with you.
Getting Rid of a Third or Fourth Bedroom
Maybe knocking out a bedroom to make more space for a larger master suite sounds glamorous, but it can actually do more harm than good when trying to sell. If the neighborhood standard is three-bedroom houses, a two-bedroom house is going to get skipped over when buyers are looking at online listings.
An Overly Fancy Basement
In mid-priced homes, research has shown that improvements made above ground level go a lot farther in return on investment than expertly finishing the basement. Finished basements are always a plus, but if the basement is nicer than say the extra bedrooms buyers won’t be super excited about it.
Outdoor Living Spaces that Don’t Work with the Climate
More and more people are beginning to get out in their yards and enjoy not just hanging out there, but entertaining from the yard as well. If you install a fancy outdoor kitchen with stone counters and a fancy built-in barbeque in a climate that gets heavy snowfall where these things can’t be used more than two month out of the year, you won’t see a big return on the money you spent. Northern climate, for example, gets a better return on installing a simple cover and a nice fireplace instead of an area that requires more upkeep and care.
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As a certified Realtor® for the top-rated Columbus Realty Firm - Vision Realty, with 32 years of dedicated real estate experience, I can help buyers, sellers, investors, short sale sellers and more find, sell or invest in the right property, at the right price, at the right time. Contact me anytime for updates and information on the Columbus OH Real Estate market.