Making home improvements can be a great way to improve your home for your comfort and convenience if you are going to live there for a long time. For consumers who would like to move out after about five years or so, keeping in mind the prospective buyer and then deciding on home improvement would be a good idea.
However, too much renovation and remodeling may not help you add value to your home, but will languish the property on the market. Your home is your castle and you the uncrowned king, but if you want good returns you have to make changes keeping in mind that no trend lasts forever you have to move with time. So go in for something that will appeal to all and also add value to your property. The more personal your choices are the less likely they are to have a positive effect on the resale value.
Luxury upgrades are something which most people want to go in for, you may spend a lot of money on them but the buyer is not very keen on them. So if you lose money this is not an improvement. You may want a swimming pool and have one build but the buyer has small kids and this can be a hazard for them. This can create a negative impact on your resale.
Hire professionals to do your home improvement the work will not be shoddy, adding value to your home. Save the ‘do-it yourself’ for smaller jobs that won’t have an effect on your home value if anything goes amiss. Try to stick to the floor plan. Don’t add rooms that do not fit with the floor plan. Garage conversions have become very common, you may convert your garage into an extra bedroom or office but the buyer wants to use is as a garage only so there goes your money down the drain.
There are certain changes which instead of adding to your home value can become an encumbrance and make a hole in your pocket. Do improvements which are useful in your day to day lifestyle and will add value and also get you good returns in the future. Don’t go overboard and be too personalized in your remodeling, keep the prospective buyer in mind. Your home improvement should be an add-on and not a negative point. It should fetch you extra otherwise it is not a home improvement.
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