Renovations That Decrease Home Value
If you’re thinking of renovating your home, you’re probably under the impression that it’s all positive. Below, you’ll find some renovations that aren’t always a great idea.
Decrease The Number Of Bedrooms
If you’re thinking of getting rid of a bedroom in order to expand other rooms in your home, it might not be the best decision. The more bedrooms a home has, the more it’s worth. If you’re planning on selling anytime in the future, you should think twice about this type of renovation.
The reason for this is that listing prices are set by looking at comparable homes in the area. If you eliminate bedrooms, you end up changing the comparable value of your home, effectively reducing it. Home buyers are typically attracted to the overall accommodating size of the home and can often ignore the actual size of the rooms.
Large Master Bedrooms
The trend for a large master bedroom is fading. People tend to see that they need extra furniture to fill the space, making it feel overwhelming. The only exception to this problem with master bedrooms is families who have a member that needs a private, separate space in the home.
Taking Out Closets
If you take out a closet to make more space in the rooms of your home, you’ll end up regretting it. Homes lacking closet space will be much harder to sell. People need closets to store their things in. If buyers walk through the home and don’t see a lot of storage space, they could think twice about putting an offer in.
Making Your Garage Anything But A Garage
If you get rid of a garage to store a car and trade it in for a new area of living space, you could end up regretting your decision. The garage is a valuable storage space for homeowners that can take away some appeal from your home. A good majority of buyers state that having a traditional garage is very important for them in their home search.
Wall Colors And Decor That Aren’t For Every Taste
Whether your walls have been wallpapered or painted, you don’t want to do a renovation that will completely turn people off from your home. You can really overdo it when it comes to wall colors, textures, and patterns. Whether you have guests over or are planning on selling your home in the near future, you don’t want to turn people off from your home. As a homeowner, you’ll also get sick of overpowering colors and textures as well.