Renovation Projects That Can Drop Your Phoenix Home’s Value
Every homeowner believes that his or her home renovation project is going to increase the function and the value of the home. But there are some cases when the project does not go as planned or is just a bad idea, and it actually decreases the home’s value. Before jumping into a home reno, be sure that your project is not on this list.
Having a huge master suite might sound like a great idea, but it really is a bad idea if it means decreasing the number of bedrooms in your home. Sure an addition to make the master bedroom larger is not a bad idea, but turning a four bedroom house into a three bedroom house is never going to do anything but drop the value.
Converting the Garage
It might seem like converting the garage into a gym, extra bedroom or office is a great way to get more usable square footage without the cost of an addition. But in a recent survey, almost 75% of all buyers said that having a garage was very important. Eliminating your Phoenix garage could cause many buyers to avoid your home when it comes time to sell. And in many cases, garages in Phoenix are not built with the same insulation as the living areas of a home. So that new space could be very hot in the summer and too cool in the winter.
Over The Top Features
Most elaborate features that homeowners add never really provide any return on investment. These very personal features such as elaborate pools, custom BBQ islands or custom aquariums could be perfect for the person who installed them, but the next homeowner might hate the item and want it removed. Other buyers might see the added maintenance as a reason to pass up your home.
We all want our home to fit our personality and say a little bit about us, but there is a limit to what other people might be willing to tolerate. Highly customized paint, wall coverings or flooring choices might be just what you want, but be prepared to remove them before you try to sell your home. Buyers are not willing to install new flooring or paint over textured walls or crazy paint colors. They will walk into your home, see those out of the ordinary finishes and walk out without even seeing the entire house.
A Fast Sale No Matter What
Even if you have disregarded everyone advice and made some questionable finish choices or removed a few walls to create your perfect master suite, there is still a buyer out there for your home. Contact Higher Offer to get a quote to buy your home just as it sits today. You will not need to repaint or repair anything. As real estate investors, we see the potential in your home, and we will make you an offer in just days to purchase your home.