Array
Building & Renovating

Home Improvement Projects That Don't Add Value To Your Property

Are the repairs you're working on doing more harm than good?

Shares
Original Article: Amillah S. Rodil Photography: Michael Angelo Chua and Jilson Tiu (Main Photo)

When real estate appraisers compute the profit that can be acquired from a home for sale, they usually consider three major factors: location, accessibility, and the condition of the structure itself. More than that, they take into account how updated the home is and the repairs that have been done. 

Are you looking to sell, too? Here's how to increase the resale value of your abode and make it attractive to future buyers: 


ADVERTISEMENT - CONTINUE READING BELOW

High-end features in a low-end location

Some might even say this is an "over improvement"—it's when you put in luxurious elements that don't really match the value of the location of the property. Appraiser Rommel Gonzales recounts visiting a house which had a jacuzzi but it was surrounded by slum areas. "'Pag ibebenta mo 'yun, hindi ka makakasingil dahil maliit ang eskinita, walang parking. 'Yung mga taong may pera, hindi bibili sa ganung lugar. Limited ang market."  

Consider first your neighborhood before you put high-end features such as a custom-designed modular kitchen or a swimming pool. Aside from a slum neighborhood, other limiting factors include risky locations beside railways, highways or near transmission lines. 


ADVERTISEMENT - CONTINUE READING BELOW

Strange paint colors

When repainting, make sure the colors you use will appeal to more than just your own taste. Rommel recounts that he once had to negotiate for a house that had dark navy blue interiors. "Maaring sa nakatira, favorite color niya 'yun. Pero sa karamihan maaaring hindi makadagdag ng value, makakababa pa."

Unseen utility improvements

It's the owner's responsibility to keep "unseen" things such as electrical wiring and plumbing well taken care of, says broker Grace Salazar-Misa, especially with pre-owned houses worn out from years to use. Grace says that all these have to be in good condition when you sell the house. But, unfortunately, rewiring or replacing unseen pipes might not substantially add to the property's market value. It's still the outward appearance that counts the most. 

This snippet is from an article ("Smart Improvements") that originally appeared in the September 2008 issue of Real Living Magazine. 

More on Realliving.com.ph

Shares

Latest Stories

How You Can Achieve a More Efficient Kitchen Without Remodeling!

All you need to do is organize your kitchen items and establish specific zones.

10 Pretty Decor Pieces for an Insta-Worthy Wall

Make the most of your bare walls!

How to Pack a Suitcase Efficiently, Prevent Wrinkled Clothing

Especially if you're just bringing a carry-on!

7 Ways to Make Your Ceiling Look Higher Than It Actually Is

Take note of these decorating tricks to help you create the impression of a taller room.

Replacing This Home Appliance May Help You Save on Electricity

Sometimes, oldies are not necessarily goodies.

Decorate Your House on a Budget! Learn From These Real Homes

Refreshing the look of your home doesn't require spending lots of money!

How to Fake Natural Light When Your Home Doesn't Have a Lot of Windows

Avoid dark, heavy window treatments and keep furniture away from windows.

A Look Inside Baby Baz Go's Playroom

Hand-painted details and captivating colors complete the room's whimsical woodland theme

10 Storage Ideas to Organize a Cluttered Bathroom

You don't need to stop at just shelves and baskets when organizing your bathroom.

A Filipino Family Based in Dubai Shares How Living With Less Made Them Happier

Minimalism is not just about having a clutter-free home, says the mom. It's also about having peace of mind.

There's a Secret Trick to Keeping a Small Kitchen Neat and Clean

Many of us instantly think it's difficult to work in a small kitchen.

How to Live With Less? Stop Buying Things Just Because It's on Sale for Starters

The journey toward minimalism can be challenging, but it will be worth it.
Load More Stories

Get inspiring design ideas and handy hints.
Subscribe to our newsletter now!