Some renovation upgrades such as your kitchens and bathrooms are usually fairly reliable for adding to a home’s resale value. Then there are others that are just not worth doing. If you are selling you probably are asking yourself what’s worth the cost and what isn’t?
Here are some renovation that least likely to return their full investment or close to it when
you sell, or may even turn buyers off.
considered a selling feature, this is now a liability in many buyers
eyes. Broadloom is incompatible with pets, people with allergies, and
is perceived as hard to clean. If you have hardwood floors, have them
refinished or consider installing them if you don’t. Or just leave as is and let the buyer decide what they want to put in.
Whirlpool baths, saunas and indoor hot tubs
They use to be chic, they are now often seen as just expensive,
energy-guzzling extras. Seems most people want to have the nice showers.
Built-in sound systems and home theatres
buyers will be attracted to this, but not everyone, nor will they pay a premium for a house with this
Colorful bath fixtures
You may like it but chances are the buyer will just see them as a
renovation to-do and will plan to get rid of them after the purchase.
Ornate chandeliers, wallpaper and paint treatments
Taste is very individual and idiosyncratic decorating can turn buyers off, stick with neutral, simple decor.
Overly fancy appliances
steel-finish appliances are worth paying a few more dollars for
(compared to the equivalent of white or colored models), but six-burner
professional stoves, double dishwashers or a huge fridge rarely will recoup their initial cost.
Cheap laminate or vinyl tile flooring
There are some
types of laminate that are attractive and practical; others just look cheap
and fake. Especially avoid peel-and-stick vinyl tiles or be prepared to
replace them when you put the house on the market. For not much more
money, choose hardwood, stone, bamboo or cork.
There is some debate among Realtors that it
is a selling feature. But a pool rarely recoups its entire cost, and it
will reduce the number of buyers interested in your home.
Turning a three-bedroom into a two-bedroom home
if that third bedroom is minuscule, it’s still a bedroom! No matter how
spacious your newly enlarged master bedroom or that new
spa bath, the demand for two-bedroom homes is significantly smaller than
for three-bedrooms, and they command considerably lower prices.
Can you imagine living in a home with these Incredible Views? Awesome entertaining Deck Overlooking Lake Okanagan and City of Kelowna. Very nice 3 Bedroom plus a walk out Basement currently rented as a suite. New Ikea Kitchen with Island, maple hardwood and Stone Fireplace. Many updates. This is an awesome opportunity to live by the lake within minutes of Kelowna. Must include Addendum A with all offers. As is where is. For viewing please call Steve Higgins RE/MAX Kelowna 250.864.7893