Home Upgrades That Can Hurt Resell

November 13, 2018

Dreamstime

Remodeling your home is a good investment. By improving your home, you add value to it that you look forward to recoup whenever you sell it. Unfortunately, this isn't always the case. There are many improvements where you're likely to only recoup a portion of the money you spend in additional home value, and a few that could actually hurt the selling price of your home. Adding a pool might sound like a great way to add value to a home.  However it may be an improvement you never fully recoup as it may discourage potential buyers daunted by the prospect of lawsuits or never-ending maintenance. If you want a pool for your family, then do it but understand it may not fully pay for itself. Combining bedrooms to make larger spaces sounds like a great way to boost the value of your home. But realize removing bedrooms will always hurt the value of your home. For families with kids, or even singles or couples who want a guest bedroom or a home office, the number of bedrooms matters a lot more than their size. A lot of people convert their garage into another bedroom.  The fact that many people use their garage for storage means turning it into a game room isn't a wise move when selling.  If you do convert your garage, make sure it is easily reversible. Be wary of replacing a bathtub with a walk-in shower. While it may add space in a bathroom, some buyers, particularly those with families, still really want a tub. The advice I've seen is that removing a tub from one bathroom is fine as long as there's at least one other bathroom in the house that has one. Wallpaper may be back 'in', but that doesn't mean it’s universally loved. A bad paint job can easily be painted over, but removing wallpaper can be a real hassle, and some buyers would just prefer to not bother. If you must have wallpaper, think of it as an indulgence, not an investment.

SOURCE: Apartment Therapy

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