Home Improvements That Could Detract From Your Home’s Value

Home Improvements That Reduce ValueMost homeowners assume that all home improvements can boost their home’s value, but this is not always the case. Some home improvements only appeal to a small number of buyers and are costly to remove. This means that the wrong home improvement can actually reduce a home’s value, unless the right buyer comes along quickly. These improvements are among the most problematic improvements that homeowners can make.

Painting in Bright, Bold Colors

Bright, bold home colors can be overwhelming for home buyers. Most buyers plan to paint over them as soon as they move in. This is considered when buyers make their offer, and can reduce the purchase price of the home. Homeowners who want their home to appeal to the most people possible are best off painting their home in soft neutral shades like greige, beige and gray.

Textures on the Walls and Ceilings

Textures make the walls hard to clean, hard to paint and hard to maintain. They’re also visually distracting and some people find them overwhelming. Removing texture from the walls can be labor intensive, expensive and time consuming, so few home buyers are excited to see texture when they walk into a home. Homeowners who want to add an element of visual interest to their home’s interior are better off installing curtains with bold patterns or furniture of an unusual shape.

Home Office Conversion

Each bedroom adds about 15% to the value of a home. Taking away a bedroom can detract at least 10% from the value of the home, and maybe more. Homeowners who want to have a home office are better off installing furniture that can be removed rather than installing built-in file cabinets and shelves. These built-in office features limit the use of the room, and essentially subtract one bedroom from the home.

Hot Tub Addition

Hot tubs might be relaxing in hotels, but not all home buyers like the idea of maintaining a hot tub on their property. Moreover, parents of young children and pet owners tend to look at hot tubs as being a danger. Homeowners who want a hot tub for themselves should consider removing the hot tub before selling the home. Consulting with a real estate professional can help Minneapolis homeowners decide the best way to handle this.

Talk To A Real Estate Agent

Homeowners who are thinking about selling their home in a few years and who want to know whether or not a home improvement would be good for their home’s resale value should consult with a real estate professional. A good real estate agent can help the home buyer to decide which home improvement projects would be the most helpful when it’s time to sell.

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