Renovations can increase the value of your home. However, not every renovation project is a good investment. Unfortunately, many renovations can actually lower your home’s resale value and cost more than you bargained for. If you’re interested in renovating your home, make a note of these projects to avoid:
Too much texture
While texture on walls and ceilings can enhance the aesthetics of a house, it’s not always a good investment to add. Not only are highly textured ceiling and wall finishes often considered dated, they are extremely difficult to remove. To increase texture without hindering future offers, try experimenting with texture in your wall decor and furniture.
Full carpet
Hardwood floors are a well-known plus for potential homebuyers. Conversely, a home with too much carpet might receive fewer offers and lower appraisals. Carpet shows age and damage much easier than wood and laminate, and can also cause issues for those with pet or dust allergies. If you want to add new floors, experts recommend reducing the amount of carpet in your home rather than adding more.
Bold paint colors
Paint is not permanent, but dramatic colors on walls can be a turn-off to potential homebuyers. Color is highly subjective, making neutrals and shades of white a safer bet for a renovation project. Potential buyers would rather consider your home to be a blank canvas than a personalized work of art.
Swimming pools
Adding a swimming pool is not always a wise investment, according to real estate investment experts. Not only is installing a pool an expensive renovation process, the ongoing required maintenance can seem like a huge undertaking to potential buyers.
If you live somewhere with six months or more of hot weather during the year, a pool may be a smart project to invest in. However, it may be more beneficial to spend that money on a patio renovation or other outdoor upgrades instead.
Not every home renovation equals a return on investment. While customizing your home to meet your personal needs is an enormous advantage of homeownership, it’s also helpful to be mindful of the future. By knowing which projects to avoid, homeowners can enjoy their home while boosting property value.
About the Author
Joseph Nuzzolo
Joe was Born and raised in New York and came to LA when he was 25 years old. He started in the fine arts industry with tremendous success. As a Sales Expert, he has closed over 11,000 art deals. It was his love of working with fine art, his creative mindset – and a succession of personal real estate investment deals – that led him into the world of real estate. He was the top agent for 3 Leaf Realty before opening his own firm.
In 2017 Joe decided to branch out on his own and launch his long planned and awaited, Thompson Team Real Estate based in Torrance. Where he and his team of hand picked agents cater to a discerning clientele. Through his 30 years of sales experience, Joe has built a strong and formidable reputation with clients, industry professionals and peers. He utilizes the latest technologies, market research and business strategies to exceed his client’s expectations. More importantly, he listens and finds solutions that are tailored to each client’s specific needs.