While generally remodeling or making upgrades to your home will increase its value, there are certain changes that will devalue your home.
Converting a Bedroom
Turning a bedroom into a man cave, gym, study, studio, or any other use that isn't a bedroom will devalue your home. If you are set on converting a room, do it in a way that if you go to sell later on you can easily change it back. Or know that the conversion will drop the price of your home.
Removing a Bathroom
Why would anyone do this, you ask? Well, what if it's a bathroom in a wing of the house that isn't used and the plumbing needs to be replaced? Or you're a photographer who wants a dark room. Or you want to expand your kitchen. Similarly to removing a bedroom, decreasing the number of bathrooms in your home will almost always lead to a decrease in value.
DIY Renovations
If you want to upgrade or remodel, make sure you know what you are doing or hire someone who does. Misaligned outlets, crooked window sills and counters, and cheap materials will all be painfully evident to most buyers.
Creative Color Schemes
If you must paint your walls navy blue or bright pink, plan to repaint later on. Neutral colors are more appealing to home buyers.
Water Features
Depending on where you live, there are exceptions to this rule. However, pools, hot tubs, koi ponds, fountains and the like require maintenance. If you don't live in an area where they are the norm, then installing a water feature could deter buyers later on.
Removing Original Architectural Features and Décor
If your house is old, retaining the charming original characteristics can increase its value. Choose which you keep wisely. While arches, molding, fireplaces and stained glass windows increase value, lime green shag carpeting and pastel appliances most likely won't.
If you have any questions about your current home value give us a call 720-515-0248 or visit our site for a FREE evaluation www.homevaluecolorado.com
