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:
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.
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.
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.
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.
Shana Lundell has been a real estate professional since 2003 in Bourne, Cape Cod, Plymouth and the surrounding areas, where she’s lived since 2000. Shana is a luxury and waterfront specialist who has represented hundreds of buyers and sellers, including representing builders in over 100 new construction transactions in her career. She consistently achieves recognition awards for top production, including membership in the Coldwell Banker® International President’s Elite, an honor reserved for the Top 3% of agents globally. Shana ranks in the Top 100 of 4,000 Coldwell Banker agents in New England.
Shana works with a range of clients, including lifestyle properties, vacation residences, down-sizers, trade-up buyers, land, first-time home buyers, and new construction sales. She understands that moving happens for a myriad of reasons and has had the honor of helping all types of transactions. Many emotions can come into play during this time, but Shana is skilled at keeping calm and carrying on with care, professionalism, open communication, and the ability to keep things on target to achieve results. She guides her clients smoothly through the process, from dynamic marketing measures, negotiation and solution strategies, connecting pivotal professional resources, to coordinating the essential closing details.
Shana is proud to have over 100 five-star client testimonials that rave about her positive, professional, responsive, and authentic approach to real estate service. Love where you live. Live where you love. Looking to buy or sell? Call Shana Lundell!
