Posted on 11 Feb
By Max Mervis
Before you spend money on those home improvements you think you just can't live without, consider how long you're planning to live in your home. Only a couple years? Then you really want to pay attention to the cost-versus-value ratio of any extensive projects. If you’re considering a move in the next two to four years, there is really no need to invest your money in home improvement projects that won’t necessarily increase the resale value of your home. Here are six common improvements that are probably best left undone:
1. High-end, Gourmet Kitchens and Upscale Appliances
Expensive kitchen renovations don’t pay off when listing your home for sale. Studies have shown that in general, too much customization turns buyers away.
2. Adding a New Roof
Studies have shown that generally buyers are only concerned about whether a roof leaks or not. Roofs are expensive to replace, so do not replace yours unless there are serious issues.
3. Improvements out of Budget, or DIY Jobs
If you don’t have the funds to invest in getting the project completed professionally, or you’re not an expert in DIY, it’s better left undone. A home improvement job that isn’t completed well or is left undone can make your home a lot harder to sell. In the end, the time and money spent could end up costing you in the long term.
4. Expensive Landscaping
Creating and installing an “over the top” backyard paradise may add some initial appeal, but it won’t increase your asking price. If you plan on selling your home in the next few years, you won’t recoup the potentially thousands of dollars spent.
5. Whirlpool Baths
Sorry, but potential buyers won’t pay more just for a newly installed whirlpool bath. To add insult to injury, the cost can be prohibitive and these baths commonly increase your energy bills.
6. Changing or Altering a Home’s Style
This is an important rule to follow – while you may think that a sleek modern kitchen will add appeal to your 1920s bungalow, it may not appeal to the masses. A vast majority of people buy old homes simply for the beauty of the original style and the existing historic details. Differing styles within a home will therefore make it less viable for people to buy. When it comes to a contemporary remodel, you might want to leave that choice up to the buyer.
Should you need any assistance on on finding or selling a home, please feel free to contact Max.