After purchasing a house, you want to customize it to feel like a home, but if you’re not planning on staying in your home long-term, beware of these things that can lower the price when it comes time to sell:
- Removing a bedroom – The number of bedrooms directly affects a house’s value. If you opt to turn a bedroom into a different space, make sure it still meets the area’s building codes for a bedroom. This ensures that when you sell, you can still list it as a bedroom. When showing potential buyers the house, it can be helpful to redecorate the room as a bedroom so they can easily visualize the space.
- Poorly done renovation – While it’s great to DIY some projects, it’s important that you know what you’re doing – especially with big or more visible projects. If you are not sure that you can do the job properly, hire a professional. If not, potential buyers will see things they need to fix or re-do completely.
- Outdated bathrooms – Potential buyers may see an outdated bathroom as a project they’ll need to take on at an additional cost. Even small updates to your bathroom, like new fixtures or lighting, can help update the look of the bathroom.
- Smoking inside – The smell of smoke is very hard to get out of a home, especially if you have carpeting. If you’ve already smoked indoors, a good carpet cleaning may help.
- Overly personal renovation and decoration choices – You may love the dramatic red wall in your dining room or the textured wallpaper in your bathroom, but buyers may have a hard time imagining living in the space as it is. Consider repainting to a more neutral color before listing your home.
- Water features – A pool, hot tub, pond or other water feature can lower the value of your home. Most people will see these items as high maintenance or as a safety hazard. Keep in mind, the same doesn’t necessarily hold true for an in-ground pool, especially if you live in a place with a long summer season.
- Neglecting maintenance – Routine maintenance is important for the upkeep of your home, both aesthetically and structurally. People will be able to tell if your home needs a lot of basic maintenance work done.
- Not considering curb appeal – Make sure the exterior of your home is well maintained and there aren’t any eyesores. Be on the lookout for chipped or peeling paint, crumbling or cracked driveways and sidewalks, and old or dirty windows.
Have you bought or sold a home recently? Do you have any additional advice to add?