Wednesday, June 18, 2014
Home Improvements That Actually Decrease The Value Of Your Home
When it comes to remodeling and adding on to your home it is important that your upgrades enhance the value of your home. Many home improvement projects such as kitchen and bathroom remodels, finished basements and flooring renovations all add equity to your home’s value. There are projects that homeowners decide upon because of the value added to their family that add no equity to the home and in fact decrease the homes desirability to many future buyers. Home improvements that can actually harm your home’s value should only be considered if the value they add to your family’s enjoyment outweighs the harm.
One great example of this is the addition of a pool. An in-ground pool does not increase the value of your home in most parts of the country. In fact this is an expensive renovation that should be avoided at all costs. In-ground pools limit the marketability of your home. The maintenance required is expensive, the upkeep constant and many people don’t want this hassle. Carefully think about the installation of a pool as well as the costs associated with landscaping, safety fencing and maintenance. Most often the expenses, along with the fact that the pool does not increase a home’s equity is enough to deter from the installation of an in-ground pool.
Another renovation to consider before it is too late is taking your home’s garage and changing it into something it is not. Small garages or homes with no garages at all is a negative to future home buyers. When looking for a new home buyers are looking for two car garages. If you are thinking of home renovations consider the addition of a garage that is a wiser investment than taking an existent garage and transforming it into another room.
When consider additions to your home or any renovation for that matter make sure whatever is being discussed flows with the homes floor plan and also opens it up. Small rooms, tiny bathrooms and distorted floor plans leave many buyers searching for something more.
When complete room renovations in older homes consider increasing the budget to allow you to update the plumbing and electrical systems. This is especially true in older homes. Completing a room remodel without updating the electrical systems is like purchasing a new door for an old oven. Buyers are looking for homes that have been renovated on more than just the surface.
Neutral renovations throughout the home are desired. Even when bold colors and funky ceramic tiles are all the rage stick with a neutral pallet on all upgrades that cannot be easily changed. Add the funk in with the room’s accessories. This will offer you a greater return on investment when your home is up for sale. You can pack away bold accessories and replace them with an inexpensive neutral pallet that appeals to the majority. An example of this is in the bathroom. Paint, cabinets and fixtures should all be neutral while you accessories with bold shower curtains, towels and baskets.
Jason Foldenauer Construction, out of Howell and Brighton Michigan, offers a variety of home renovations to clients ranging from kitchen and bathroom remodeling to home additions and storage sheds. Contact http://www.jfcremodeling.com today all of your home renovating needs.