Many people think that if they choose a home improvement project now, they will gain more money when they sell the house. It is a two-way decision, because if you plan to sell your home in two or three years, there’s no point in investing a significant amount of money into creating better conditions because you’ll get just half of it when you sell the house.
It’s something that not everyone is aware of, but the real estate agents can tell you everything about it. Investing money into a big home improvement project doesn’t mean that you’ll get the same amount when you sell the house. Just take into consideration that the value of the project will decrease by at least 30% after a week – now imagine what will happen in two or three years.
Let’s see some home improvement projects to avoid if you plan to sell your house soon.
Gourmet Kitchens with High-end Accessories
It’s true that it’s a wonderful way to start your morning in a kitchen that has high-end accessories and new appliances, but if you plan to sell your house shortly, this won’t pay off. Remodeling a kitchen is a very costly project, and it can make you take out from your pocket at least $30,000 to make sure that it has with new appliances.
However, just consider one thing – what would be your opinion if you planned to buy a house and you would find a kitchen customized to the last item? Wouldn’t you want to be able to change some things? The general rule is that a possible buyer will turn down a house that has too much customization because they want to make the house their own – something simple and classy would be a better choice instead of something too personal.
However, if you still plan on changing and remodeling the kitchen, ask an interior decorator or an architect to help you with the choice by following the trends. You will need something simple and classy that would impress the possible future buyers and not turn them away.
Home Office Remodeling
Home office remodeling is also an expensive project, and you can expect to receive not more than 45% of the initial investment. If you still want to have a room turned into an office, you can choose some simple shelves that you can buy from any home décor store – the simpler, the better, along with a desk.
It’s the cheapest investment that you could make if you still want to have an office in your house. However, don’t make permanent changes to the room – the next owner might not like to have an office or he might not need one, so there still has to be the possibility to change the destination of the room.
If your house doesn’t have a garage, it’s not necessary to add one now, especially if you plan to sell the house in a few years. This project can cost tens of thousands of dollars, and the return of the investment is less than 60%. Maybe the next owner doesn’t have a car, and he won’t be willing to pay more for something that he’s not using.
Many consider that if there is a whirlpool bath in the bathroom, then the price will go up when they sell the house. However, think from the other side – the buyer won’t pay more for a newly installed bathtub, mainly because it can raise the energy bills and be prohibitive.