8 Renovation Projects That Will Hurt Your Property's Resale Value

 

 

Besides being a place for you to relax after a tiresome day, your home can be an investment for you and your family. Therefore, you need to improve your home in order to increase its resale value.

There are many areas you can improve during the home renovation. Most renovations are typically for enhancing the comfort and appeal of the home, which increases its value. Renovating your home can cost you lots of cash. However, not everything you improve in your home seems to be a home improvement to a potential buyer; hence some renovations can hurt your home's resale value. 

If you have trouble selling your property as is, you can contact companies like Axios home inspections to help you assess your home for appropriate renovations.

Below is an outline highlighting some renovation projects that can hurt your home's resale value:

 

1. Unique Lighting Fixtures

Renovating your home and installing luxurious light fixtures can be costly and still hurt the resale value of your home as a renovation mistake. It's normal for you to choose a new and exciting feature over an addition that can match the bigger picture of your home. 

Moreover, the costly fixture you install can lose its value by becoming outdated over the years. Therefore, it would be best to use simple light fixtures that the potential buyer can easily replace at lower costs.

 

2. Bold Or Dull Paint Colors

Painting your home with appropriate colors can increase its value. However, painting your home with dull or bold colors can turn off potential buyers. It can also hurt the property's value since potential buyers can view the house repainting as another project. Your color preferences can differ from those of the potential buyers. 

Therefore, it would be best to apply neutral colors to present your potential buyers with a blank canvas to allow them to envision the property in their style. It's also crucial to avoid using low-quality paints.

 

3. Tacky Tiling

Modern tiling that's correctly installed and up-to-date materials in other rooms can increase the home's value. However, personalizing the tile installation can hurt the property's resale value. Most homebuyers tend to upgrade their flooring options to fit their style. 

To avoid hurting your property's resale value, install a traditional white tile floor and pair it with a compatible rug to allow the buyers to personalize the flooring for themselves. It would be wise to stay consistent in all rooms with the choice of flooring you install to add to the home's appeal. If you choose concrete flooring, work with a well-known company like Pro Angle Concrete Contractors for quality concrete since concrete prices will rise with home prices in 2022.

 

4. Too Much Carpeting

Purchasing a carpet can be an inexpensive upgrade for a homeowner who wants to sell their home. However, the carpet you are buying might not fit the potential buyer's preferences in terms of texture or color. Moreover, most home buyers with allergies prefer a home with hardwood flooring since carpets tend to harbor dust. Therefore, it would be best to install hardwood flooring over carpets to help boost your home's resale value.

5. Over-done Kitchen

Your home's kitchen typically stands as the heart of your home, and its upgrade is a project most homeowners invest in. Even though most buyers love a home with an upgraded kitchen, renovating it to high-end doesn't guarantee your money back. 

Therefore, it would be best to focus on upgrading worn-out or outdated kitchen parts such as countertops and flooring and purchasing mid-range appliances instead of expensive high-end ones. 

 

6. Too Much Wallpaper

Getting a good wallpaper design for your home can be pretty overwhelming. Moreover, it can be challenging to remove wallpaper. Therefore, a potential buyer can see wallpaper removal as a challenge, lowering the property's price. Although some buyers may accept the trendy wallpaper you install on your accent wall; it would be best to avoid going overboard. 

If you have a wallpaper that doesn't seem beneficial to your property, it's wise to consider removing it and then painting your walls.

 

7. Textured Walls And Ceilings

Texturing your walls and ceilings can look like a simple way of making your home stand out. But like wallpaper, it's challenging to remove texture on your walls and ceilings. Therefore, if a potential buyer dislikes the texture, they might be forced to look for another house with a minimal refurbishing list or ask you to lower the home's price. 

Focusing on textured décor and accessories can help your home stand out without reducing its resale value.

 

8. Garage Conversion

You can think of converting your garage to a home gym or a game room. However, some buyers typically add value to a garage over an additional living space. Potential buyers might need a garage to house their cars or store items. Therefore, it would be wise to avoid converting your garage to an additional space. 

If you need to convert your garage, it's best to ensure that your renovations can be inexpensive and easy to remove.

 

Conclusion

 

There are many ways you can renovate your home to increase its resale value. However, it would be best to consider whether you are renovating to improve your quality of life or the home's resale value. 

Improving one's quality of life at home is crucial. But to avoid hurting the home's resale value, it's vital to steer clear of over-personalizing your renovation projects. The guide above can help you know some renovation projects that can hurt your property's resale value.