Customizing your home so that it suits your style makes perfect sense. As a Breckenridge Realtor, I can also understand your desire to make improvements for better resale value. But it’s always wise to think ahead when it comes to such a major investment
However, not all home renovations appreciate equally and there are some projects that you should stay away from altogether. To put it simply: they’re not worth the money and they could turn off potential buyers once you’re ready to sell. Today’s blog will offer some essential tips on upgrades I recommend you avoid.
As you get more comfortable in your home, you might picture an elaborate patio, gazebo or an outdoor kitchen for your backyard. Maybe you imagine installing a pool and hot tub. These luxury items sound nice, but they don’t raise the resale value of the home and they don’t have mass appeal, which could limit the amount of people who show interest in your home.
It may look snazzy to tailor shelving around certain electronics in your home. At first, it gives the room a very modern feel. The bad part about going this route, though, is that since electronics change so quickly, your showcase can be outdated in a matter of months. You may be better off saving your money so you can buy the best electronics as they become available.
You may think your room will be more attractive if you expand a master bath or turn a room into a large closet. If this kind of renovation means you’re taking over one of your home’s bedrooms, beware. That could really hurt your chances of attracting a buyer down the line.
A good way to think about any remodeling is that it’s crucial to stay within the neighborhood standards. If nearby homes tend to include three-bedrooms, you’ll put yourself at an extreme disadvantage by converting one of these rooms into something else if that renovation means that legally speaking, you own a two bedroom.
It’s logical that you could envision a whole new style for your basement that includes adding a bar, top-of-the-line carpet and other nice perks. However, truth is that over-improving the basement never provides the type of returns you can enjoy with key renovations upstairs. Adding a dormer or even remodeling the attic are often more financially smart investments than high-end basement updates.
Food for Thought
It’s important to stress that you can always renovate your home in any way you wish. If these home improvements make your property feel more like home, then don’t hesitate to get started. However, we suggest you keep in mind that when it’s time to sell, these improvements won’t always pay for themselves and in some cases, can impact your ability to find the right buyer. In the meantime, enjoy your Breckenridge home!
Want More Info?
Being able to customize your home is part of the reason people own homes. You should feel free to choose upgrades that you feel enhance the experience of living in your home. Hopefully these tips offer good information to ponder as you choose your home improvement projects.
If you’re weighing your home improvement options because you’re ready to buy or sell a new home in Breckenridge, feel free to get in touch. I can help you make choices about how best to stage your home to sell, and I can put together some properties that might suit your taste.
You can start your research any time by looking at the listings on my website and when you’re ready to explore your options or prepare for showings, contact me at any time via email ([email protected]) or on my office line. I look forward to working with you!