One of the benefits of owning your own home is that you can do DIY projects without asking for permission – unless of course permits are needed. Often times these projects include such things as adding on a family room; another bedroom or finishing the attic for more living space. These ideas can certainly add value to your home in the long run.
But there are some projects that may seem like a good idea at the time, but may hurt your home value later down the road. Here are four projects that homeowners often do that you may want to reconsider.
Eliminating a bedroom – Even if you plan to eliminate the bedroom to expand other living space, removing a bedroom could affect the price of your home when you plan to sell it.
Renovating the garage into living space – Although the extra living space may be a plus for your life now and help at resale, not having a garage is a big turn off for the majority of home buyers, In a recent survey 74% of the respondents said that a garage was extremely or very important in selecting a home.
Eliminating or removing a closet – Removing a closet or even closet space can have a major impact on selling your home, especially in the master bedroom. In one such example a homeowner reduced the size of the closet to make a larger master bathroom. The bathroom was great, but the closet size was a major turnoff to buyers making selling the home more difficult.
Too much wallpaper – while removing wallpaper is certainly possible, it is a messy, time consuming project and wallpaper has the reputation of being difficult to remove. If there is “too much wallpaper” in the mind of a potential buyer, it is a turnoff.
Whether you are thinking of buying or selling, talk to a real estate professional – talk to a REALTOR – who can give you the information you need to make an informed decision.
As always, if I can help with any of your real estate needs, please don’t hesitate to text or call me at 301-712-8808 or email me at RolandLow1@gmail.com.