Certain renovations generate more value than others, and if you make a mistake in choosing your project, you can even lower the value of your home.
It’s well-known that renovations are how you can place yourself higher on the market. These expensive investments are occasionally planned incorrectly. Certain renovations generate more value than others, and if you make a mistake in choosing your project, you can even lower the value of your home. Have you made a miscalculation in your renovation projects? Read on to see a few of them that might have already set back your selling ability.
1. Combined Bedrooms
It’s not uncommon for people to tear down walls between bedrooms to make a single, larger one. This usually occurs when people have one too many rooms and would find the most benefit in more conveniently accessed space. Unfortunately, two combined bedrooms can lower home value significantly. More bedrooms means a higher spot on the real estate market–buyers aren’t going to look at square footage right away, and if they’re searching for a 3 bedroom home, they won’t look at the 2 bedroom listing where one room might be larger.
2. Converting a Garage
Many buyers are looking for a place where they can avoid digging out their cars during the winter! A garage is a major positive aspect for many people, and converting that space into something more subjective, like an extra bedroom or family room, is counterproductive. It also prevents them from being able to easily convert the space back into a garage. A converted garage is never a good idea, and is a terrible renovation to make if you’re about to jump on the market.
3. Painting Walls and Ceilings Unfavorably
Your home will not sell well if the walls are painted darker colors, because it’s much harder to change the color when the buyer wants to. Most sellers with dark wall colors find that it’s a huge hassle to repaint them to impress the market. Likewise, ceilings can be textured–stucco is a good example, which can otherwise be described as a “popcorn” ceiling. This turns away buyers, as well. It’s difficult to change these details, and buyers don’t want to spend the money to do that.
Have you made a renovation mistake? Call The Team Edge today!
If you find yourself in a hectic situation and need to sell quickly, you don’t have time to sit around and wait for potential buyers. You need to sell now. And that’s where we come in–The Team Edge is dedicated to buying your property, regardless of the time of year, and despite whatever state it may be in. Rather than taking the risk with a slow market and picky buyers, call us, and sell your home fast.
If you’re having trouble selling, don’t worry. The Team Edge will buy your property regardless of its current condition and curb appeal, and is dedicated to providing you with the best possible selling experience and a fast, fair offer. Call our 24/7 hotline today at 443-840-7100 or fill out our quick and easy online application to get started on selling your Maryland property immediately.
That’s right. Sell your house fast – AS IS!
Tags: home renovation, renovation