Home Pre-sale Renovations to Avoid
Posted Jul 9th 2021
If you are considering selling your home, it is important that your property is presentable so that buyers are interested. You need to complete any necessary renovations so that your home is desirable and while most renovations will add value to your home, there are certain projects that will not increase your property’s value, and the following are a few pre-sale renovations to avoid:
Oversized home additions
Increasing your home’s square footage may be a nice idea for you but it does not mean potential buyers will be more interested in your home. It is important that you research the average square footage for homes in your neighbourhood before you commit to an oversized addition because you may struggle to sell your home.
Buyers who are going to look in your neighbourhood will do so because the homes match their price point, so if yours is out of their price range because of an addition, it may not sell. The reality is that if the buyers had a higher budget, they would look in a different neighbourhood composed of larger homes, so this is something you really need to think about. Pay attention to the price range in your neighbourhood and do not get carried away because you may lose out in the end.
It is true that wallpaper is making a comeback but it does not mean everyone is into this trend because it is highly personal and what appeals to you may not appeal to most buyers. It is always better to select neutral paint colours than to apply wallpaper because paint is classy and safe and buyers will appreciate this aspect. Not only will wallpaper not add value to your home, it is also highly likely that your wallpaper style will not be the same as someone else’s, so it is not worth taking a chance because potential buyers may see this as a headache. They will view it as something that needs to be removed and may be less interested in your home, so it is always best to keep things as neutral as possible when selling your home. A neutral interior will be more appealing, so apply a fresh coat of white, beige or light gray paint instead.
This may seem like a good idea but the reality is that you can actually decrease the value of your house by doing this. No matter how tempting it may be to convert a bedroom into a walk-in-closet or to convert it into additional living space, do not do this because bedrooms are important and the more usable bedrooms a home has, the higher its value will be.
The Baird Team can help with all of your real estate needs. Whether you are interested in buying or selling a home, we can guide you through the process and have access to all of the homes for sale in the Clarington, Bowmanville, Courtice and Oshawa areas. If you want to work with top real estate agents you can trust, contact us today!