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Renovations that might hurt your home resell value

On Behalf of | Dec 12, 2019 | Firm News | 0 comments

Improving your Trenton home might seem like a surefire way to increase the value of your home and make it more enticing to buyers when the time comes to sell your residence. Some renovations, however, may have the opposite effect. The wrong home modification project could actually cause some potential buyers to turn away from your home. 

As explained by Marketwatch, homeowners who eliminate a bedroom to create more space are endangering the value of their home. The reason is because a house with more bedrooms can command higher prices on the market. In 2015, the typical home sold contained three bedrooms and two baths. So keep in mind that possible home buyers may want a home with enough bedrooms for children and a guest room for a visiting relative. 

Some homeowners have a garage that they would like to convert into a living space, like a den or a storage room. However, getting rid of a garage is likely to alienate a lot of homebuyers. Having a roof to park a vehicle under is an attractive feature for many people. As a compromise, homeowners can leave the sliding garage door in place so that a new homeowner can easily convert the space back to a garage if desired. 

Taking out closets can also cause a possible buyer to look elsewhere. Some homeowners renovate closets to turn them into small rooms for other functions, such as housing a master bath. However, closets are a necessity for many people, and reducing the number of closets in your home can reduce the incentive for potential buyers to give your home consideration. 

According to Business Insider, personalizing your house too much can be a turnoff to buyers. While the home may suit your tastes, a feature that most people would find outlandish or strange may make your home harder to sell. Likewise, painting your house walls in bright or neon colors might not appeal to the broadest number of buyers. Painting your walls in neutral colors when it is time to sell may be preferable. 

Even installing a new pool might not appeal to many homebuyers. Pools can be relaxing and fun, but they also require a lot of maintenance. Some Michigan residents may not want the hassle of keeping up a pool. Also, the cold winter months make using a pool a seasonal affair. Many people like to use pools during warm months but find it impractical in cold winter weather. 

No matter your plans, keep in mind that some renovations to your home may require building permits. These and other matters may be discussed with a professional real estate attorney who understands the issues involved.