Why You Should Choose Your Home Improvement Projects Carefully

Every owner realizes having a home requires certain amounts of maintenance and labor. Due to weathering or general wear and tear, numerous aspects of a home require painting, repairing or replacing. Many  remodel the interiors or exteriors in an attempt to modernize or for added convenience. Some projects do not increase the worth of the existing property and owners may not be able to recoup the expenses involved when trying to sell.

Before beginning any project designed specifically to improve property value, owners might consult realtors and research online. Determine what improvements are worth the money. When remodeling for financial value, homeowners must choose your home improvement projects carefully.

Backyard Swimming Pools

This type of project could easily run tens of thousands of dollars depending on whether the structure is above or below ground. The finished product may provide hours of recreational enjoyment and fun for the current occupants, but buyers may view the pool otherwise. Prospective buyers may view the project as a Trojan horse in terms of the money required for upkeep. The improvement also poses a potential risk or hazard to young families with children.

Carpeting

Because of potential allergy and environmental concerns, increasingly people replace carpet with other types of flooring. As a result, wall-to-wall carpeting might present a negative impression with many potential buyers. In addition, the decorating tastes of one individual do not necessarily appeal to the tastes of another. Color and texture appealing to one person appears hideous to the next.

Consistent Upgrades

While an owner may be thoroughly impressed over a brand new $20,000 kitchen, clients viewing the property may more aptly remember seeing an unfinished basement. Likewise, new wood flooring in part of the home does not detract from 70s style vinyl linoleum in other parts of the house. When modernizing a living space, upgrades must be consistent throughout the home for any hope of recovering rebuilding costs.

Dominating the Neighborhood

A two-story colonial style mansion may be the be the pride and joy of the homeowner, but when the property lies amongst bungalow style, single family residences, the property may be conceived as an eyesore. Clients may also perceive the price of the property should be in alignment with the rest of the neighborhood, regardless of the expansive size or elaborate detail.

Expensive Landscaping

While many go to great lengths to improve the appearance of the property’s exterior, a potential buyer may not share in the enthusiasm. A yard requiring high maintenance may become a drawback for someone not enthused about having to spend weekends gardening, mowing, pulling weeds, trimming bushes and watering. Moreover, while the current owner employs the use of a gardener, a prospective buyer may not have the resources to do so.

Hidden Improvements

Replacing electrical wiring, plumbing, or heating and cooling systems may seem like an upgrade to owners, but prospective buyers generally expect all of these systems to be functional and may not consider the expense involved. Many conclude these expensive upgrades as necessary maintenance and not improvements.