If you are thinking of selling your home, you may be tempted to start ripping out your old kitchen and putting in a more appealing one in an effort to make your property more appealing to potential buyers. A brand spanking new bathroom suite or an attic conversion can make a wonderful selling point when showing your home, but they could end up costing you thousands of pounds that you will not recoup after selling your property. Remodelling in order to add resale value to your home is rarely a good idea, and most homeowners end up with nothing more than dust, loud noise and a gaping hole in their finances. The following renovation projects should be avoided at all costs by those looking to increase the value of their home.
Possibly the worst renovation you can make to your home is installing an outdoor swimming pool in the back garden. Although pools tend to be the norm in some parts of America, they rarely get much use in the UK thanks to the unpredictable climate. Swimming pools can also cost upwards of £20,000 to install and rarely add a penny to the value of a property. Many buyers will also be scared off by the thought of having to fork out hundreds of pounds a month in maintenance fees, and those with young children will run a mile. Wooden decking is far more beneficial addition to your property, and you will recoup around 80% of the cost of installation when you sell your home.
Purpose Built Rooms
A game room, yoga studio or wine cellar may impress your guests, but it will not have the same effect on potential buyers. Unless you live in a seven-bedroomed mansion with rooms to spare, it is never a good idea to convert one room for a specific purpose. Many homeowners like to convert their spare bedroom or garage into a space to practise their hobby in, but unless the new family share your pastime they will probably just prefer to have the extra room. An attic conversion is a great way to add a little extra value to your property, and the addition of another bedroom may be enough to persuade more buyers into making an offer on your home.
Although a new kitchen makes a great selling point, you will probably not see much of a return on your investment. Homeowners tend to pull out all the stops when remodelling the kitchen and will spend thousands on marble counter tops and extra-large sinks. Unless your current kitchen is extremely old or in desperate need of repair, it is much better to simply update what you already have. Cabinet resurfacing can make old cabinets look like new, and a fresh coat of paint can do wonders for faded walls. If you do decide to completely renovate your kitchen, stick to a neutral theme that will not clash with the new owner’s furniture. A country-style kitchen may be high on your wish list, but it might look a bit odd with modern, stainless steel appliances. For an idea of what potential buyers are looking for when it comes to kitchen décor, visit Countrywide Scotland to browse numerous properties available to rent or buy.
According to Home Advisor, an attractive home exterior can increase the value of a property by up to 5%. However, high maintenance landscaping such as fountains, fish ponds or a forest of trees and plants will not increase the value of your property. A garden that requires a small army to maintain it will not appeal to house hunters, and you will most likely end up out of pocket. Repainting your home’s exterior is an easy way to increase curb appeal that doesn’t cost several thousand pounds. Keeping your lawn trimmed and tidy is also an essential task for those hoping to sell their home as well as clearing any fallen leaves or debris from driveways.
Home staging is an important part of selling your house that could reduce the amount of time your home stays on the market by up to a third.
Adopting a neutral color palette, clearing out any clutter and fixing any unsightly cracks or marks on the walls can all add value to your home and make it more appealing. Your real estate agent can offer invaluable advice on getting your home ready for viewing and can help you portray it in the best possible light.
Declan Kemp has been in property maintenance for many years and likes to offer his renovation tips and ideas to an online audience. He is a frequent contributor on a number of consumer property websites.