Home Upgrades That Don’t Pay
Updated: Mar 16, 2020
If you're getting ready to put your house on the market, then you must be aware of the hustle and bustle in the real estate market today, particularly for sellers. The real estate market is flooded with unsold inventory, giving home buyers countless choices which, according to Ray Martin, gives them all the power. You’ll want to add some home upgrades to attract potential buyers. While it's good to make a few improvements, Martin Caselli Real Estate says, “don’t overdo it.”. So how do you know which upgrades aren't worth it?
While you want your house to stand out from the competition, Ray Martin of Martin Caselli Real Estate suggests that you avoid making upgrades that greatly exceed other properties in the area. Not only will you lose money, but you may even scare off potential buyers.
As strange as it may sound, a swimming pool rarely adds value to a home in this day and age. It usually costs a fortune to have a swimming pool installed and you're not going to recoup your investment. Why then do you opt for one? Ray Martin suggests, “Many home buyers see an in-ground swimming pool as a high-maintenance hassle and safety hazard.”.
Bold Changes and Daring Designs
Ray Martin understands that everyone wants to design and decorate his or her homes in a bid to reflect unique styles. But if you're trying to sell your home, now is not the time to incorporate bold design changes into the decor like cherubs painted on your bedroom ceiling or convert your garage to a game room. According to Ray Martin, if your home is filled with pieces of evidence of an eclectic taste, tone it down before you plant that "For Sale" sign in the front yard. Tear down the flamingo wallpaper and slap a fresh coat of neutral-colored paint on the walls oh and get rid of the cherubs in the ceiling.
Overall, it's good to put some work into your house before you to sell it, as it can add value and make it more attractive to potential buyers. However, there are some things that will put the buyer off, or at the very least not add anything to the house's closing price.
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