You might think wall-to-wall carpet, fancy wallpaper or a sauna are dandy additions to your home, but chances are good that prospective buyers won’t. Here’s a list of the renovations least likely to add value to your home. This website might help you get started on the right track for home renos. It’s called Houzz and it offers tens of thousands of photos of state of the art bathrooms, kitchens, bedrooms and more.
10 worst home upgrades for
resale
By Martha Uniacke Breen (http://www.styleathome.com)
Find out which home upgrades are least likely to return their full investment when you sell your home.
Some renovation upgrades, such as
kitchens and bathrooms, are usually fairly reliable for adding to a home’s
resale value. But there are others (and if you’ve gone househunting in the last
few years, perhaps you’ve seen a few) that are just plain bone-headed. What’s
worth the cost and what isn’t?
Kathy Monahan, an agent with Forest Hill Real Estate Inc. in Toronto, has seen some real eye-rollers in her time. We asked her which home upgrades are least likely to return their full investment (or close to it) when you sell, or can even turn buyers off. Some of her answers might surprise you.
Kathy Monahan, an agent with Forest Hill Real Estate Inc. in Toronto, has seen some real eye-rollers in her time. We asked her which home upgrades are least likely to return their full investment (or close to it) when you sell, or can even turn buyers off. Some of her answers might surprise you.
Wall-to-wall broadloom
Once considered a selling feature, this is now a liability in many buyers’ eyes. Broadloom is incompatible with pets and people with allergies, and is perceived as hard to clean. If you have hardwood floors, have them refinished or consider installing them if you don’t.
Whirlpool baths, saunas and indoor hot tubs
Once considered chic, these are now often seen as just expensive, energy-guzzling extras. Kathy says she once saw a home with a hot tub installed in the living room!
Expensive built-in sound systems and home theatres
Some buyers will be attracted to this, but not everyone is an audio/cinephile, nor will they pay a premium for a house with this feature.
Colourful bath fixtures
These went out with poodle skirts. Chances are the buyer will just see them as a renovation to-do and will plan to get rid of them after the purchase.
Ornate chandeliers, wallpaper and paint treatments
Taste is very individual and idiosyncratic decorating can turn buyers off; stick with neutral, simple decor.
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