Did you now that a quick fix may actually be better than an outright remodel?
Many of today’s homeowners are looking at (extremely) expensive home improvement projects for the sake of selling their homes at a much higher price. They think that putting up this and that on improvements and additions would sell their house as high class as it looks.
To their dismay, they find out that it does the exact opposite. You thought you found the right homebuyer, but instead you’re back at square one.
See, not every home improvement project raises your home’s marketability. It may increase your house’s market price, but it does not necessarily make it more easily marketable.
SO if you’re thinking about putting up that posh Jacuzzi in the backyard to imitate your sister’s post The Pearl KLCC unit and installing your uber-elite wall-to-wall carpeting, you might want to take a pause and put yourself in the buyers’ shoes. There are a number of home improvement projects that do not help your home sale.
And before you call that contractor, here’s a heads up of the home improvement projects you should likely avoid:
- Exaggerated kitchen upgrades – thinking about the private wine fridge? Or turning everything in your kitchen into granite? Or gold-plating your handles from oven to kitchen cabinets? You don’t want to do that! Unless your whole house is placed in that kind of market (the market of the gold-plating crazy and similar crowds), that would cost you your whole home improvement budget. It would give your potential buyers the precept that it’s actually so much more expensive and that they might actually not afford it.
- Large pools, home spas, Jacuzzis, and similar projects. They may look posh and beautiful on a summer day but unless you live in the Sunshine State, they may mean extra expenses on maintenance and heating. So if you’re targeting the middle-class to a little above-middle class crowd, adding a pool is unnecessary and is actually a wrong move.
- Posh bathrooms – if you think a very private bathroom with all the amenities of a 7-star hotel bathroom would do your home sale any good, I hate to tell you that it won’t in a middle class neighborhood. Keep the tiles and colors and even implements low key and simple. It would sell faster when the bathroom is appealing to them rather than is intimidating them.
- Too many colors on the walls and the floors. Your favorite red shade for the floors to go with your canary yellow walls may not exactly appeal to 90% of the prospective buyers. If you’re really looking to sell your house, leave as little a trace of you as possible. Don’t invest on something too personal because you’re leaving it. If you were to invest in colors of the walls and the floors anyway, go for the neutrals. They’ve been proven by real estate experts to appeal more to buyers because it is so much easier to imagine living in them than in something more personalized.
The key to selling a home, and improving a home for marketing, is to make the house look as generic as possible without taking the quality and style for granted.