Don’t waste money on home upgrades that won’t affect the value of your home.
As a homeowner, one of your prioritizations around the household is to improve the value of the home to raise your overall equity. However, this can be somewhat difficult if you’re focusing on all the wrong things. Here are some questionable areas that won’t necessarily benefit you in the long run.
Swimming Pool
While swimming pools are luxurious, they are also expensive to keep up with. If you are the owner of a swimming pool, you may automatically look to improve the design of it, for both aesthetics and design purposes. But, this wont necessarily raise the overall value of your pool. Rather, it just make it more expensive when it comes to repairs.
Landscaping
Overdoing the landscaping of your home may feel like it’ll help beautify your home, but it won’t help raise the value of your home. It may be appealing to look at when it comes to an open house, but, don’t expect there to be a significant rise in overall value.
Inconsistent Upgrades
If you’re upgrading various areas of your room, be sure that you are consistent throughout the home. If your kitchen is built from the highest bidder but your bathroom and living room are subpar, it’ll stand out. Spread your investments evenly throughout your home in order to maximize the total value. This is important as visitors and other prospective buyers will notice these things right on the spot. To assist you, you can ask someone to take a look at your home and see which areas require fixing.
Kuba Jewgieniew is the head of Realty ONE Group, a real estate brokerage firm that has nearly 5000 associates in three different states.