Home Improvement Projects to Avoid
March 20, 2019 |
Home Improvement Projects to Avoid
The perfect bathroom. A closet you could sleep in. Your dream backyard. There are dozens of ways to put your stamp on your home and turn it from a house into a dream home. And whether you decide to do some DIY projects yourself to spruce things up, or hire a professional to do the heavy lifting, making improvements to your home helps increase the value of your property when you decide to sell.
While most projects can only improve the value of your home, there are a number of projects that could retract value, and make it harder to sell.
Here are a few of the most common home improvement projects out there that you should avoid.
Now don’t get us wrong — updating your bathroom from the 1970s avocado-chic decor is essential, but you want to keep your bathroom upgrades within reason. While you might dream of a shower with 9 water jets firing at you from different angles, luxury marble imported from some exotic local, and a fireplace to keep you warm while you soak in a massive claw-foot tub, the likelihood of the next buyer enjoying the same things that you do is slim.
Not only are all of those elements extremely expensive, but they could end up detracting value from your house. Everyone wants a nice bathroom, even a great bathroom, but they don’t necessarily want all the same bells and whistles that you do, and they might not consider the upgrades worth the price of your house. It’s always good to keep it simple with your bathroom upgrades.
It seemed like at one time, every doctor and dentist office in the world had a giant fish tank in the waiting room, full of beautiful exotic creatures. Now many people have them in their homes. Which is great — if you like fish. But the thing is, not everyone wanted to be a marine biologist when they were kids. So while your aquarium built right into the wall of your dining room is an excellent conversation piece, you could find it difficult to recoup your money when you go to sell.
Potential buyers may be turned off with the unique feature of your house. If they aren’t fish people, and have no use for this aquarium build into the house, then what will they do with that space? How much would it cost them to remove it and all the equipment that goes with it, and then replace it with something else, or patch it up all together? While this is your house now, it’s always good to think what someone else might want if you think you may sell it someday.
Building things into your home seems like a big no-no, doesn’t it? And similarly with that aquarium, built-in electronics always seem like a better idea than they actually are. It might seem cool to have your television build into the wall seamlessly, or to install a projector and screen into your living room for a super sweet movie theater experience in your own home.
But technology and electronics have a habit of becoming quickly outdated. Not only are televisions becoming more advanced every year, they’re also getting bigger. So that built-in space for your TV that you thought was perfect really won’t work when you go to sell it to someone with a television that’s twice as big as yours. And the hassle of tearing out your built-in so that they have room for their electronics might not be worth it if there’s another house for sale without this issue. So maybe just stick to mounting your TV instead.
Who doesn’t dream of a massive walk-in closet with shoes stacked high to the ceiling and the most flattering light outside of a Botticelli painting? Those amazing closets that only seem to exist in movies about women who could in no way afford to live in the homes they do with the jobs they have. And turning that spare bedroom you never use next to the master into a giant closet might seem like a brilliant idea.
Until you try to sell your house to a family. Suddenly that extra bedroom is going to be super important, and depending on what you’ve done to turn it into your dream closet, it might cost even more to convert it back. You may enjoy it while you’re living there, but it could make selling your house even harder.
But not all home improvement projects are bad things. They say that the projects that don’t cost very much (i.e. under $5000 per project), tend to have the highest return on investment. So keep it simple. And if you need a little extra cash to get your home improvement project off the ground, Dime can help you save faster.