Home Improvements That Increase Value
When it comes to your home, this is something that isn’t just the source of your pride or where you choose to relax after a long, hard day, it’s also considered to be a major investment in the future of both yourself and your family. While you may believe it’s only natural to make improvements to increase the overall resale value of the home, there are some renovations that can actually end up costing you money as time goes on.
Here are four renovations that can end up hurting the overall value of your home.
*First and foremost, perhaps one of the most common renovations that can hurt the value of your home involves putting up too much wallpaper. When it comes to something like this, not only can it be a design choice that is far too overwhelming, but it can be extremely difficult to remove as well. Oftentimes, home buyers view the removal of wallpaper as a possible headache, and it can also be the final straw for those who want a home to be more “move-in” ready. When it comes to staging a home, the best options to go with are neutral colors and fresh paint. If you do actually have wallpaper, it’s important to think about whether or not it’s actually beneficial to remove it and repaint all of the walls prior to any open houses or showings.
*Another common renovation that can end up hurting the value of your home involves having texture on both your walls and ceiling. Similar to wallpaper, this is a design option that can be extremely difficult to remove. Homebuyers can end up decreasing their overall offer due to the fact that they know that something like this is such a time-consuming project. You will need to think twice prior to deciding on any kind of textured painting technique. Instead, consider playing around a bit with textured wall décor.
*One other common renovation that can result in the overall value of your home being negatively affected involves having too much carpeting. According to home remodeling experts, having newer hardwood floors in a home can end up increasing the sale price by as much as 2.5%. Furthermore, when compared to laminate and hardwood flooring, carpeting has the ability to show signs of damage rather quickly. Additionally, both textures and colors tend to be based more on personal preference, meaning that any personal touches that are made can end up decreasing the overall value of a home.
*Another renovation that can hurt the overall value of your home is the addition of a sunroom. While something like this can be an amazing space to enjoy the outdoors without having to worry about the exterior elements, experts state that the addition of a sunroom can be one of the worst types of home renovations in terms of a return on investment, as the cost of addition can exceed approximately $75,000 while adding only approximately just over $35,000 to the value of the home itself. You will need to take the time to carefully think about how often you’ll actually use a sunroom prior to committing to this type of renovation, especially if you are planning on selling your home soon.
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