5 Worst Home Updates?
Thinking of remodeling?
That's usually a great idea! But what many people don't consider is the affect your home updates will have on your wallet when it comes time to selling your home.
Below are 5 remodeling projects that you may want to
think TWICE about doing (or not doing at all).
1. Bigger isn't always better. While its great to bring your home into the 21st century, make sure you don't go over-the-top for your neighborhood. Do some research on what is standard for your area and bring your home up-to-date without blowing your competition out of the water. If the houses around you don't have granite counter-tops or heated floors, then maybe you should reconsider those luxuries since your investment may not pay you back.
2. Home office. The cost of a home office will typically only yield a 50% return. So be careful when considering a built-in desk or bookshelves. You don't want to limit the room to just an office when there is a possibility of a buyer needing a playroom or extra bedroom.
3. Pools. There are usually 2 types of people: those that see a pool as an enhancement and those that see the pool as a chore. A pool will turn some buyers away because all they are thinking of is the upkeep.
4. New Roofing. It is definitely important to maintain your roof or to replace it if needed, but be cautious when choosing your materials. While clay tile or architectural shingles are attractive, not all buyers notice or care and they most likely won't be willing to pay for it.
5. Specific Touches. Quirky renovations can be fun for YOUR family, but not all buyers will be as enthusiastic about it as you are. Consider the fact that when you make a room into a wine cellar or home theater, you are limiting your buyer pool. You and your family may utilize these amenities, but buyers probably won't pay top dollar for specifics that don't revolve around their interests.
However, just because a house project may not up the value of your home, doesn't mean you shouldn't do it. If you plan to stay in your home forever, then indulge in your interests and increase the enjoyment of your home for yourself and your family. (hgtv.com)





