Brisbane home renovation projects are usually done to fix or upgrade a specific area of your house, such as the kitchen, the basement, or
the backyard outside. However, not all renovations are beneficial, because some
changes that you make to your home can actually lower its value and make it
less appealing to prospective home buyers.
You
might be thinking that this shouldn’t be a problem because you’re not even
planning to sell the house right now. But nobody can really predict the future,
and it could happen that a situation will arise where you might want – or need
– to leave your home and move to another place. For this reason, it would be
wise to keep the resale value of your house in mind whenever you’re planning a Brisbane home renovation project.
Installing a Swimming
Pool
This
is one of those ideas that will definitely look good at the time but turns out to be a dud later on.
Putting in a swimming pool might make your home more luxurious, but it often is
more trouble than its worth, especially when we’re talking about home value.
More often than not, potential home buyers will be put off by a swimming pool
on the property because it needs a lot of resources to maintain properly, as
well as the obvious safety hazard.
Painting Your House
in Unusual Colors
While
it’s true that you should be able to paint your own house in whatever color you
want to, you should still take into account the fact that using unusual colors
will lower the value of your home, whether you like it or not. This applies to
both the exterior and interiors of your house. Let’s face it – most home buyers
won’t fall in love at a house with a purple and yellow façade, even if you
think it looks great. The best thing to do in this case is to repaint the house
in a more neutral color before putting it up for sale.
Building
Overly-Luxurious Kitchens and Bathrooms
Many
homeowners spend a lot of money on upgrading their kitchens or remodeling their
bathrooms to the nines. Bear in mind that the resale value of a high-end kitchen
or bathroom will be significantly lower than what you spent on it. An upgraded
kitchen or bathroom will indeed add value to any home, but if you get carried
away and start installing those imported tiles, fireplaces, fountains, and upmarket
appliances, you run the risk of hurting your home’s value, and you won’t be
able to recoup what you spent on them.
What
would be a better idea is to focus on the specific areas of your kitchen or bathrooms
that are worn out, or perhaps needs to be fixed or replaced. And if you do,
consider using mid-range materials or appliances instead.
Converting Your
Garage to a Gym
This
is another Brisbane home renovation project that will seem to be a great idea at first, but will hurt you when the time comes to
sell your house. Chances are, potential home buyers won’t all be fitness buffs,
and they will come looking for an actual garage that they can keep their car and
items in, not a repurposed gym.
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