A significant advantage in buying a home is the ability to customize it. Renovating your home to be more modern and functional can make it more enjoyable. However, when it comes time to put your home on the market, you want buyers to see themselves living in it. Here are the top design decisions that could affect your home’s value.
Replacing the Bathtub
While most folks prefer the convenience of taking a shower, you don’t want to replace every bathtub in the home. A home that will appeal to buyers with young kids must have at least one bathtub for optimal resale value.
Today’s buyers still want to see what’s happening in different parts of the home and allow natural light to shine throughout the space. During the height of the pandemic, many homeowners started to resent noisy wide-open floor plans. However, a closed floor plan is still a potential problem for market value.
One of the primary rules of real estate is that bedrooms are sacred: more bedrooms equal more value. Knocking down walls to combine bedrooms is a risky design move. While a massive primary suite might seem like an excellent idea for you, not everyone wants an enormous bedroom if it means one less room that can be used for flex space, a guest room, or kids.
Built-ins can help you avoid a cookie-cutter home design, but they may not improve your home’s value since potential buyers may disagree with your choices. A built-in requires construction work if a potential buyer wants to change it, which may reduce their offering price.
DIY Home Improvements
Home renovations can be costly, and doing some of those projects yourself can save you money. However, you shouldn’t take chances on ruining your home if you don’t know what you’re doing. When hiring contractors, ensure they are insured and know what they’re doing. Shoddy workmanship in one area of the home makes potential buyers question the quality of the entire house.
An addition can create more livable space, but modifying a home to fit your unique needs does not necessarily translate to added value when trying to sell. Avoid converting a room or the garage into something the next homeowner might not want. A dedicated gym or home theatre can be a turn-off to potential buyers once they start calculating the cost of turning the space back into a ‘normal’ room. Buyers want a predictable floor plan or at least one that makes sense from a functional standpoint.
It’s always wise to consider how your design preferences affect your home’s value. Remember that designs you love may not appeal to a broad audience and may turn off potential buyers. For more advice on home renovations and keeping your listings fresh, email me at email@example.com or call me at (830) 305-5248. I will be your trusted guide every step of the way!