New homeowners are so excited to move in and start all of the projects they have dreamed of to make it “their home”. Oftentimes, homeowners jump in too quickly and start projects without a lot of forethought or planning and it leads to unfinished work or additional costs. This is why it is imperative to take everything into account before you get started. Home remodel projects should always increase your home value, but unfortunately, several things can decrease your value. Let’s take a look at home remodeling projects that can devalue your home from some real estate experts so you can plan to stay away from them.
Home Remodel Projects That Devalue Your Home
Wallpaper
Wallpaper is becoming increasingly popular, however, the patterns or colors you love may not be something everyone else enjoys. This is important to consider if you are thinking of reselling the home at a later time. Wallpaper can be a DIY project, but it does need to be done correctly, so you may want to have it installed. This can be costly and will end up costing you more than what your value increase would be. Wallpaper removal is not a fun task either, so make sure this is something you want to look at every day. – Tip by Columbus Real Estate Expert Don Payne
Swimming Pool
Hampton Roads relocation experts, Crescas Real Estate Offer these tips: If your home is in a hot location, swimming pools are likely a popular backyard amenity. Swimming pools are expensive. The cost of a swimming pool will outweigh the value it can bring. The average cost of a swimming pool can range from $30,000 to $40,000. Swimming pools also add liability to your home, so you may experience an increase in your homeowner’s insurance.
DIY Projects
Any DIY project may seem budget-friendly, however, if you are not an expert this can cost you more in the long run. If you are planning to resell your home at any point and you did something incorrectly then you will likely have to pay to fix your project. It can be a disaster and would be much better to hire a professional from the start of the project. You always want o add value to your home and this means your remodel projects should be a complete job well done. Tip by The Bell Team, Sanibel Island’s Premier Real Estate Group
Textured Walls and Ceilings
Offered by Knieper Team, Granbury TX Real Estate Professionals: If you are dealing with textured walls or ceilings is difficult. It is costly, but if it is not done right it will lower the value of your home when you navigate selling it. This is not a DIY as they can potentially be asbestos if you are dealing with popcorn ceilings.
Overdone Landscaping
Firstfruits Landscaping in Edmonds Washington offers these landscaping tips: Any overgrown or run-down landscaping will certainly hurt your curb appeal and home value. It is important to work with a landscape company and keep your yard looking clean and fresh so you can attract potential buyers if you are looking to sell. Keeping consistent maintenance is key.
In Conclusion
Your new home should be your place of comfort so you want to make it your home. Ultimately you decide how you want it to look and what changes you want to make, but it is important to keep in mind how your projects affect your home value.
Photo by immo RENOVATION on Unsplash
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