These Home Improvements are Actually Killing Your Homes Value
Countless home improvements can add value to your home. For instance, new siding on your property, new energy efficient windows and of course HomeBuyerYEG’s favorite: a fresh coat of paint. Check out our article on DIY painting here. With that being said, there are a few home improvements that might actually cost you money. Be prepared, some of these will shock you!
Murals & Wallpaper
A Mural can have a lot of intrinsic value to the person who painted it or had it commissioned. In the many houses HomeBuyersYEG has toured over the years we’ve seen our fair share of muruals. Some good, some bad (link), yet all totally terrible for the value of your home! A mural will not only immediately make new buyers wanta fresh coat of paint it may take some interested buyers away from their own image of what the house could be – especially if they don’t have a big reno budget.
This is one of the ones we knew would surprise you! Landscaping looks beautiful in the summer and can turn your backyard into a truly magical experience. What landscaping doesn’t do is stand the test of time. Good landscaping work (including concrete) will have a useful life of up to 10 years. On top of that, fixing concrete cracks never turns out the way you expect (link). So next time you’re looking to create lasting value consider keeping your home improvements within the building envelope. But whatever you do, don’t take it too far!
Improving too Much
Yes, that’s right. Many people will become obsessed with increasing the aesthetic of their house they may take it too far. When you do home improvements you must ensure your house is not the best on the street. Why? Research has proven location trumps all in residential real estate. So no matter how beautiful your home is, if the neighborhood isn’t right your improvements won’t be creating any value! Check out this explanation here.
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