Four Home Renovation Investments That Aren’t Worth the Money
When it comes to creating your dream home, some homeowners know no limits. From gold faucets to custom additions, they will stop at nothing to add their personal touch to their space. However, when embarking on home renovations you have to ask, “is this worth the money?” Especially if you plan on selling your home sometime in the future. This will ensure that you only invest your money and time on renovation projects that add value to your home and appeal to buyers on the resale market. With that being said, here’s a list of four home renovation investments that typically aren’t worth splurging on.
1. Flamboyant designs and fixtures
As a general rule of thumb, if this isn’t your forever home, steer clear of over-the-top design elements and fixtures during your home renovations. Chances are most people do not have the same unique taste as you do. So, for example, spending tons of money to give your home a medieval inspired makeover complete with all the trims and finishings may not be the best idea. This goes for any unique renovation that may not appeal to most buyers on the resale market. When renovating your home, you want to strike a balance between adding a personal touch and appealing to market needs. Also, depending on how original these fixtures are, they may be difficult to maintain or repair.
2. Murals and over-the-top paint jobs
We all know that a fresh coat of paint is one of the easiest ways to revamp your home and add value to it. However, it’s very easy to go too far with renovations as easy as this. Although adding a mural to your space may seem like a great and inexpensive way to upgrade and add some pizazz, it isn’t the best way to invest your money. When buyers look at a potential home, they want to be able to see themselves living there. Potential buyers will most likely have a hard time looking past the funky murals you love so much. Not to mention, depending on the materials used, getting rid of that eye-catching mural may be more expensive and difficult than you think.
3. Fancy landscaping
Landscaping is another easy renovation project that does a lot for your home’s visual appeal. Your lawn is the first thing visitors notice about your home, so it doesn’t hurt to show it a little bit of love to keep it looking good. But, investing in over the top fountains, stone paths and accessories for your lawn or garden is simply not necessary. These additions are most likely not going to add value to your home, and therefore won’t produce a good return in investment.
4. Changing your electrical system
Unless it’s absolutely necessary, upgrades to your electrical system are typically not worth it. Once again, it all boils down to the buyers in the resale market. Considering the fact that no one will see your new wiring, they most likely won’t be impressed by it or be interested in shelling out more money for it.
Simply put, not all home renovations are worth the expense. Although adding a personal flair to your space with your renovation project is fantastic, it’s very easy to overdo it. Avoid these unnecessary and extravagant remodels, and your wallet with thank you!
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