If you are looking to upgrade your home in order to sell it, it’s just as important to know what not to do as what will work. The following 5 upgrades won’t cut it when you go to sell – in fact, they may even put buyers off and then you will never be in the position to book the furniture movers. That said, if you intend to stay in the house, these upgrades could really make a difference to your lifestyle – if they are something you and your family would like and use.
- Installing a swimming pool. While this is sure to excite your kids, it can very well turn other people off. Not everyone likes swimming and seeing a pool simply means ‘more maintenance’ to many people. Real estate agents agree that adding a pool to your property immediately cuts out certain people groups as potential buyers. Elderly people; couples with toddler/a baby, because they feel a pool is dangerous to them; people on a strict budget who don’t want the expense of maintenance and property investors who don’t want it because all those reasons make it harder to sell.
- Really extravagant fixtures and fittings. While a lot of these may be seen on home improvement programmes on TV, they don’t work for the general public. Why? Not everyone likes those specific styles. They have their own idea of how the house should look and want that, so they won’t pay extra for a house that has them.
- Invisible things – that is those elements of the home that are not visible to buyers. The water heater, insulation, double glazing or a new and costly air conditioner, even though the latter may not be so invisible. What you need to remember is that while some things may improve the marketability, they don’t improve the sale price. Air conditioners are one of those things, because people believe that they ‘should’ be there, just like the kitchen sink.
- Expensive and fancy upgrades to the landscaping. People are busy these days and want low maintenance gardens. The fancier a garden is, the more time and money it will take to maintain.
- No landscaping is just as bad. A lawn that is overgrown and straggly or a garden filled with weeds is just off-putting. No one wants the work involved in getting it to look nice again. A basic makeover is the best if you want the house to sell. Don’t go to the expense of adding a fishpond or a water feature.
- DIY jobs in the house that are not up to scratch. If you can’t do a professional job of your renovation, get someone who can. Buyers will be turned off in droves just because you tried to save a few dollars on that renovation by doing it yourself.