Home Improvements that Would Least Likely Add Value to Your Property
Posted by Tristan Angelini on 25 January 2022
After buying your very first home, the next thing on your priority list is to make it look as close to your desired look and feel. Ever since the pandemic, our homes became more than just a place to come home to after a long day. It’s also become our workplace since work from home set-ups became the norm.
It's also important to note that when doing renovations, you should also look into the future and whether it’s a place you can sell when the time comes you actually want to move into a new home. It’s seldom talked about, but before making any major renovations, keep an eye out on what kind of improvements would benefit you in the future.
We tend to go over the top when we’re excited about something. This is risky especially if we’re talking about renovating a home or upgrading a space because not only do you think about what looks good but what would recoup your investment because it’s going to be expensive. The first thing you must do is to research your local area and check out the quality of the homes in your neighborhood, just to give you some idea. If your primary goal is to sell it, you must consider which areas would give you the best ROI.
According to our research, here are some home improvements that would not add a lot of value to your property.
Renovating a kitchen can be tricky, especially if it’s a major upgrade. While it is true that kitchens do bring value, overdoing them could just cause you to lose more than you gain.
The kitchen is the most used part of anyone’s home so chances are, whoever buys the house would eventually change it depending on how it would suit their taste and personal needs. Overdoing the renovations or upgrades would not make any sense like adding expensive appliances, however, doing minor fixes would definitely help.
It’s the same thing with doing major bathroom renovations. Doing too much would just highlight what was wrong with your home in the first place, but it’s important to make sure that you are also aware of what you shouldn’t neglect. But things like adding expensive fixtures and marble flooring would only lose you more money.
Heating and Cooling Systems
Most homes especially those in cold climates need an efficient heating system in the same way homes in warm climates need an efficient cooling system. However, if you’re thinking that installing expensive systems such as full ducting will give you a good ROI, then experts are saying you’ve got it all wrong. A simple one like a split system air conditioning is enough. It’s a much cheaper yet more effective alternative that would provide immediate returns.
Invisible Maintenance Upgrades
It’s natural to do updates or upgrades on your home especially if you’re planning to live there for a long time. It’s important to live comfortably, so maintenance checks and fixes are necessary. However, some things can be invisible to you such as plumbing and rewiring. These are not at all obvious to clients when they look into living in a new place, so spending way too much money on these maintenance upgrades doesn’t exactly make a lot of sense. Consider the areas first before you include these as part of your investment to make sure that you will get reasonable returns.
Don’t spend too much money on adding features like the latest technology or fancy lighting and fixtures. These might not bode well because buyers have different preferences or tastes. What would look good in your eyes may not be the same for them, so you’ll end up just wasting resources. Buyers want to envision a space that they could claim as their own, so it’s important to just allow them to do exactly just that and don’t put too much work into creating a space that’s more like your style.