Are you considering a home renovation to increase the value of the place you call home? While individual home remodeling projects are a surefire way to increase your property’s value, there are others that will have no significant impact on your sale price. As a result, we’ve compiled this helpful list of home renovations you should consider avoiding before you ultimately put your beautiful home on the market.
Adding A Luxurious Pool
Unless you live in an area where the weather permits a pool year round, building and maintaining a pool will cost a lot more than it is actually worth. In fact, while a pool can often be a massive selling point, it does have the incredible potential to turn buyers off due to the high cost associated with maintenance and upkeep.
What you consider a dream bathroom may not be the dream to the potential homebuyer. In fact, we all have our own unique styles. Considering that everyone’s tastes vary, use neutral colors and popular materials in your bathrooms and kitchen if you want to see a significant increase in your overall home value. A cost-effective way to tackle any renovation is to avoid rare materials and paint colors in favor of more traditional ones if you want your home to sell when it goes on the market.
While sometimes turning a loft into a bedroom is a renovation that may benefit your personal needs, in the long run, it might not interest the person who wants to buy your home. Consider the homeowner who turns their bedroom into a movie theater. Losing a bedroom for a movie theater is not likely to go over well with potential buyers looking for a home with a particular number of bedrooms. In fact, when considering converting rooms or altering the layout of your home, it is incredibly important to look at how your entire home may be able to benefit any potential new homeowners, not just current ones. As a result, while your priorities should always be your happiness when considering any renovation, taking into account what potential homebuyers will think is also essential if you want a high return on your investments.
A Title Company You Can Trust: Colony Title
At Colony Title, we will help you through the process of getting your property’s title and help you avoid the pitfalls of hidden costs while you buy and sell your home. We are also well trained in identifying any and all errors in public records and helping you resolve them. We specialize in real estate title insurance in both Maryland and Washington, D.C., and we will perform an expert title search, check through all past documentation, and examine records for any fraud or forgery. For more information on how we can get you into the home of your dreams, contact us online or give us a call at (410) 884-1160. To get more updates on housing markets and how to get into your home, follow us on Facebook, Twitter, LinkedIn, and Google+.