Wednesday, June 21, 2017

The Top 5 Upgrades That Don't Add Value to Your Home

When updating your home, avoid these five renovations that won't bring you much value.

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Whether you want to get your home ready for the market or just to enjoy it a little bit more, there are five upgrades that won't add any value.

Spend your renovation money in the kitchen and bathrooms for the best return.

  1. Extensive landscaping: It simply won't give you a good return on your dollar.
  2. A new roof: The bottom line is that people who buy a new home typically expect a roof that works already. 
  3. Swimming pools and hot tubs: Chances are good that new buyers won't want a hot tub, and in some cases, it can even bring down the value of your home. 
  4. New paint: This will help the house look better, but like the roof, buyers expect houses to be painted already. Adding a fresh coat won't really add value unless you do the labor aspect yourself. 
  5. Solar panels: This is a big one up here in the Northwest. Even though they might cut down on your electricity costs and a small number of buyers really love solar panels, most buyers don't really think much of it or attribute any value to it.

If you have any questions about upgrades that will add value to your specific home, just give me a call or send me an email. I'd be happy to advise on some updates or renovations that will bring you a good return on your money.

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