3 Home Improvements that Don’t Pay Off
Take note of these projects that do not add up to your home's resale value
To further improve and customize the home according to our needs, we opt for renovation projects. While it can spruce up your space, did you know that there are home improvement projects that do not help increase the resale value of your home?
If you are open to the possibility of selling your home in the future, you need to be practical when it comes to improving the state of your space. Keep in mind that you need to attract buyers and not discourage them. Here's a list of things that you should avoid:
Read the original article in the Semptember 2008 issue of Real Living Magazine. Download your digital copy of Real Living on the Real Living App. Log on to summitnewsstand.com.ph/real-living for more details.
High-end features in a low-end location
Be wary of "over improvement." This involves putting in luxurious elements that do not match the value of the location of the property. Consider your neighborhood first before you put high-end features such as a swimming pool and a jacuzzi. Limiting factors include risky locations beside railways, highways, near transmission lines and a slum neighborhood.
Using weird colors
When repainting, consider choosing colors that are practical and easy to decorate with. If you’re looking for a safe color scheme, you may use neutrals. Neutrals in subdued browns can go well with practically everything. Try painting your walls in tan, taupe, mocha, or khaki because these hues can create a subtle yet stylish finish.
Photo by Miguel Nacianceno.
Unseen utility improvements
It’s the homeowner’s responsibility to keep “unseen” things such as electrical wiring and plumbing well taken care of. All these elements should be in good condition when you sell the house. Keep in mind, though, that rewiring or replacing unseen pipes might not substantially add to the property's market value. It's the outward appearance that counts the most.
Photo by Ocs Alvarez/ACME Visual Productions.
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