Jun
15
Home Renovations

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You’ve heard that you should renovate and upgrade your home before you put your house on the market. Renovated apartments rent for more than classic ones, so your upgraded home should sell for more too, right?


WRONG!


While there are some upgrades you should make – like minor kitchen upgrades – you don’t need to go crazy with upgrading everything in your home.


If you’re going to put in the elbow grease (and hard, cold cash) to make some renovations, you want upgrades that bring you the highest ROI.


These 4 home improvement projects are ones you should AVOID, especially if you’re considering selling your house anytime soon…


1️⃣ Swimming pools
Pool upkeep is expensive and time consuming! While some people love them, they can also turn away buyers who don’t want a big expensive money pit in their backyard… or just have other dreams for their next outdoor oasis.


2️⃣ Garage conversions
Most buyers prefer a functional garage rather than more living space. After all, where are they going to store all their extra stuff & lawn equipment if they now have an office space instead of a garage space?


3️⃣ Quirky wallpaper
Now I know you love that wallpaper you found in the back corner of the home improvement store, but most buyers won’t. Your…uh… special wallpaper makes it more difficult for buyers to envision themselves living in your home. It’s also something that many of them will want to take down once they buy your house.


4️⃣ Finished basements
While finishing your basement can help you sell your home, you’ll only recoup about 70% of what you spend. Spend that time and energy focusing on projects that bring you a higher ROI. However, don’t forget to clean out your cluttered basement before buyers come tour it!


So while I would love for you to invite me over for an afternoon in the pool or to come see your new finished basement, I recommend you invest that time, energy, and money elsewhere!