If you’ve been living in the first home you’ve ever bought for quite a while now, you’ve probably already thought of or done some renovations. Did you think about how these renovations can affect the value of your home?
If you want to increase your home’s value, you can do the necessary repairs like your plumbing or roofing. You can also look for companies that offer home foundation repair in Denver to make sure your structure stays intact.
What you shouldn’t do are these five renovation projects that can affect the value of your home.
1. Garage Turned into a Living Space
Prospect buyers want a garage for its intended purpose. If you pull up your garage doors, and they see a handyman’s workshop or a home gym, it may automatically affect their decision to buy.
2. High-Maintenance Landscaping
You may think that injecting your own eclectic style into your landscaping can add character to your home. But when it’s time to resell, it may be a major turn-off for your buyer. They’ll be thinking about how costly the maintenance would be and how much time you need to do it.
The good thing is you can change this to a simple design a few months before your open house.
3. DIY Projects
DIY projects can go bad if you do not do them properly. You can have a professional do the first project. Then let him watch you do it yourself. That way you’ll have more confidence that you’ll be doing the right thing and that the project will add value to your home instead of hurting it.
4. A Swimming Pool
Unless you live in a place where it’s hot most of the time, pools can affect the buying decision of a prospect because of its costly maintenance. Pools are good for families with children. But then, that narrows down your market.
5. Turning Two Bedrooms Into One
Large bedrooms may be appealing to a couple with no kids. But if a family looks at your home, they’re going to choose several small rooms than one big one.
Before doing any renovations, make sure to have your home’s resale value in mind, even if you don’t plan to sell any time soon. And if you do need to make an addition, make sure it’s something that’s useful and not too personalized. This way you can make selling your home a faster and easier process in the future.