Home Renovation to Hurt Resale Value

CityLifeStyle Renovations That Hurt Resale Value

Home Renovation To Hurt Resale Value

Some Improve…Others Birth Elephants

CityLifeStyle Real Estate

We are bom­bard­ed with lifestyle pro­grams on tele­vi­sion, DIY videos on the inter­net, blogs and mag­a­zines offer­ing end­less ideas for changes to bet­ter suit your lifestyle and resale val­ue. Increas­ing the beau­ty and func­tion­al­i­ty of your home can be an invest­ment in your homes val­ue with­out neg­a­tive­ly inspect­ing resale val­ue.

Avoid the home ren­o­va­tion path full of land­mines that can explo­sive­ly reduce your homes resale val­ue. What you thought was a good idea can rear its ugly head and jump up and bite when you least expect it.

Bathroom Refurbish or Remodel

What to do or not to do is the ques­tion when it comes to bath­rooms. Do you remod­el or renovate?…both require dif­fer­ent approach­es. A few sub­tle changes can trans­form a bath­room into a sanc­tu­ary where you can retreat to relax and unwind, decom­press after a stress filled hec­tic day.

Minor qual­i­ty changes such as replac­ing the old out­dat­ed inef­fi­cient waste­ful toi­let, the ugly uninvit­ing bath­tub, the cor­rod­ed faucet flak­ing its plat­ing like a snake shed­ding its skin, to the drea­ry depressed look­ing cab­i­nets, weary with use, years of kids hang­ing on the doors. The tired look often found in the bath­room is inad­e­quate light­ing. Poor or dim light­ing has a neg­a­tive impact on your spir­it, a psy­cho­log­i­cal truth, think of enter­ing a dim­ly light dun­geon, same pri­mor­dial affect.

A new van­i­ty along with bright, shin­ny new mir­rors will recharge the room. Mar­ble, gran­ite, quartz or man­u­fac­tured or engi­neered stone coun­ter­tops or van­i­ty tops along with a new sink give a splash of excite­ment.

Add a med­i­cine cab­i­net, a mir­rored cab­i­net or stor­age cab­i­net in emp­ty space will cre­ate more dimen­sion tak­ing advan­tage of unused bath­room wall real estate.

Add a bath stor­age cab­i­net or a linen tow­er for more func­tion­al­i­ty.

Kitchen Renovation

One of the fastest ways of trans­form­ing your kitchen is installing new, mod­ern appli­ances along with coun­ter­tops and sinks. Mar­ble, gran­ite, quartz, man­u­fac­tured or engi­neered stone increase val­ue to the room you spend the most time in oth­er than the bed­room.

Not only does it increase aes­thet­ics it adds val­ue to the space, boost­ing the func­tion­al­i­ty and joy of kitchen life. Open­ing space by remov­ing a non bear­ing wall or if the lat­ter is not an option, open the wall for kitchen port will auto­mat­i­cal­ly cre­ate an illu­sion of increased depth and vast­ness, won­der­ful open spaces.

For struc­tural­ly sound cab­i­nets, a cab­i­net door reface will boost the ener­gy in the kitchen with­out break­ing the bud­get. Hard­ware is a sub­tile way to trans­form your kitchen­ in a superb way. Cab­i­net hard­ware can give a new feel” both phys­i­cal­ly and visu­al­ly. A new high qual­i­ty stain­less steel sink (all sinks are not cre­at­ed equal) or design­er engi­neered sinks with mul­ti-wells cre­ates kitchen intrigue and mys­tery, a solar sys­tem away for the oh hum, bor­ing every­day look. Mod­ern touch-less faucets or those design­er fash­ion mod­els are kitchen bliss.

Last but not least is kitchen light­ing for both day­time and night time ambiance and mood. New light­ing has a hyp­not­ic daz­zling affect cre­at­ing vary­ing moods with dim­mers as opposed to bor­ing now they are on and now they are off.

Built-In Automation

Smart homes are owned by smart peo­ple who love smart gad­gets. Smart ther­mostats, light con­trollers, piped music to all rooms, inter­coms, the list is end­less. You can now con­trol your home from your wrist watch or smart­phone. You can start your car too on those frigid arc­tic morn­ings or turn up the heat on the way to the cot­tage for a week­end of win­ter fun. Poten­tial buy­ers will love it. Ener­gy sav­ings over time will pay for itself.

Sprinkler System

The green, green grass of home is a uni­ver­sal wish for all home own­ers. A lush green car­pet under­foot is a joy and the per­fect way to keep the curb appeal of your home. What is the secret you ask ? A high qual­i­ty sprin­kler sys­tem is a small but key invest­ment. Smart auto­mat­ic sprin­klers keep the grounds lush and vibrant. Dead grass is a direct reflec­tion on the home own­er. What else in the house is neglect­ed is the unspo­ken mes­sage. Do your­self a favour, curb appeal is next to loca­tion, loca­tion, loca­tion in the world of real estate.

The fol­low­ing ren­o­va­tions are guilty plea­sures and visu­al­ly appeal­ing but don’t always increase in the val­ue of your home.

The Pool

What is the sum­mer with­out the water. Pools are asso­ci­at­ed with fun and good times. The evening or ear­ly morn­ing dip for a refresh­ing swim or exer­cise is restora­tive and invig­o­rat­ing. To your dis­may the call­ing card for the neigh­bors and friends may turn out to be the fly in the oint­ment when it comes to sell­ing your home. In cold­er cli­mates the less than devot­ed sun wor­shipers and aqua-life per­ceive it as a has­sle to open and close the pool, win­ter­ize pro­ce­dures, ongo­ing main­te­nance and the lia­bil­i­ty of injury. We all know the fools that wor­ry us.

Ornate Lighting

Light­ing is a key ele­ment to the over­all look and feel of your space. How­ev­er, break­ing the bank on ornate fix­tures and chan­de­liers typ­i­cal­ly means you won’t make your invest­ment back. The next own­er may choose to ren­o­vate or may not like the fix­ture, there­by, there is always an inher­ent risk in pur­chas­ing expen­sive light fix­tures.

Remodeling Your Garage

Con­vert­ing your garage into a fam­i­ly or play room is tempt­ing, espe­cial­ly if there is ample street park­ing avail­able to you. How­ev­er, buy­ers are typ­i­cal­ly going to want the garage to be a garage. This can some­times be a deal-break­er for buy­ers, com­ing off as a com­plete­ly unnec­es­sary ren­o­va­tion once they take over the res­i­dence.

Installing Carpet

Nat­ur­al floor­ing is a pop­u­lar choice among buy­ers. Peo­ple like the feel, look and prac­ti­cal­i­ty of hard­wood. Car­pet­ing there­by may alien­ate buy­ers weary of hav­ing to pull up car­pet and lay down or refin­ish floor­ing.

Converting a Bedroom

Turn­ing a bed­room into a room that bet­ter fits your lifestyle may ben­e­fit you now, but could come back to hurt you when it is time to sell. Once you start cus­tomiz­ing bed­rooms, you can decrease the val­ue of your home as the next own­er may not want to spend the mon­ey ren­o­vat­ing the room back to its orig­i­nal pur­pose.

Before you ren­o­vate be sure to weigh the impact of your ren­o­va­tion against your future plans. Are you look­ing to sell soon?­­ Will you be plan­ning to live here for many years to come­­? At the end of the day though, trust your instincts and make the ren­o­va­tion deci­sions that work best for you.