If you’re planning to list your home for sale, you may be considering some projects to increase your property value. But you won’t be getting your money’s worth from every home improvement project. Before you begin, read our article to learn about the projects that don’t add value to your home.
Projects That Don’t Add Value to Your Home: Eliminating Rooms
You may think that changing the layout of your home by eliminating rooms and creating one large bathroom or bedroom will appeal to buyers. But it’s hard to predict who will be interested in your home, and many potential buyers won’t even view a home that doesn’t have a certain number of bedrooms or bathrooms. To appeal to a wider variety of people, keeping your bathroom and bedroom count as-is may be a better decision.
Getting Rid of Your Bathtub
Another home improvement project that doesn’t add value to your home is a bathroom remodel that eliminates a bathtub. You may limit your potential buyer pool if you opt to get rid of your bathtub in favor of a large luxury shower. Many buyers, especially families with children, will want to see at least one bathtub in the home.
So, if you only have one bathroom, consider keeping the tub when planning your bathroom home improvement project.
A backyard swimming pool is something that many families enjoy, regardless of whether it adds value to the home. But if you’re planning on listing your house soon, you may want to reconsider installing a swimming pool.
Pools require a lot of maintenance and are a considerable expense for homeowners, making some potential buyers think twice about putting an offer in on your home.
Home Projects: Carpeting
Flooring choices often come down to personal taste. While wall-to-wall carpeting may appeal to some buyers, you’re more likely to attract a wider group by installing or refinishing hardwood floors. If hardwood floors are not in your budget, consider lower-cost hard surfaces, like vinyl and laminate floors for kitchens and bathrooms.
One Home Project You May Want to Skip: Luxury Remodels
High-end kitchen finishes and appliances benefit homeowners who love cooking and entertaining. But people often find that expensive luxury kitchen remodels don’t recover their full value on the housing market.
If you’re looking to renovate your kitchen, you may want to stick with smaller-scale home improvement projects to maximize profit when you sell. Of course, upgrading your kitchen before selling is beneficial, especially if you live in a much older home. Still, it’s unnecessary to blow your budget on a fancy and expensive luxury remodel that may only appeal to a small percentage of buyers.