4 Home Upgrades That DON'T work
It's no secret that the real estate market is extremely tough right now, particularly for sellers. Because the housing market is flooded with unsold inventory, homebuyers have countless choices available to them - which gives them all the power. If your home doesn't suit their fancy, they'll simply move along to next house on their mile-long property list.
While it's certainly a smart move to make a few improvements, don't overdo it. Here are four upgrades that AREN'T worth your time and money:
- Over-the-Top Improvements
Before you invest tons of money into an elaborate full-house renovation project, consider what the competing properties in your neighborhood have to offer. While you want your house to stand out from the competition, you shouldn't make unwarranted upgrades that greatly exceed other properties in the area. Not only will you end up losing money, but you may even scare off potential buyers.
Find out how similarly priced homes in your neighborhood measure up, and make improvements based on your specific marketplace. - Swimming Pools
Believe it or not, a swimming pool rarely adds value to a home in this day and age. First of all, it usually costs a small fortune to have an in-ground swimming pool installed. Secondly, you're probably not going to recoup your investment. Why? Because many homebuyers view an in-ground swimming pool as a high-maintenance hassle and safety hazard. - Replacing a Popular Feature
Before you consider making a major home change, such as converting your garage into a game room, take a look around. If every other home in your neighborhood boasts a two-car garage, you should probably think twice. Do you really want to be the only house in the area with no garage? Most homebuyers would prefer to have a sheltered place to park their car than a room to play ping pong and darts. - Daring Designs
If you're trying to sell your home, now is not the time to incorporate bold design choices into the décor. For example, if you have lime-green granite countertops, leopard-print wallpaper, lavender carpet and an elaborate mural of chubby cherubs painted on your bedroom ceiling, one look will send home buyers dashing for the door.
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