If you’re planning on putting your house up on the market in the near future, then you might be thinking about investing some money into renovations in order to boost the value of your property and to make it more attractive to potential buyers. However, you should be very careful–not all renovations will improve your home value, which means some could simply be a waste of money. The following are a few renovations you should avoid:
- Installing expensive light fixtures – Upgrading your lighting to more energy efficient bulbs is one thing, installing high-priced fixtures is another. A giant chandelier in the dining room will not only not improve your home value, it may not be to the liking of some homebuyers.
- Adding a pool – You might think that a pool would greatly improve both your curb appeal and your home value, but all it really does is add a safety risk to your property as well as an inconvenient feature that needs to be constantly maintained (and is costly to keep maintained).
- Using bright and bold colors – If you’re repainting the interior or exterior of your home, go the safe route by using neutral colors. Even though you think that bright and bold colors may help give the house a more unique aesthetic, you’re turning off a large percentage of homebuyers who won’t feel the same way.
- Upgrading too much – Upgrading the bathroom and kitchen’s outdated elements is a good idea. But don’t go overboard replacing everything with high-end appliances and materials. While you’ll increase your home value, you may end up paying more for the renovation than you would get back.