Stop devaluing your home! Are you inadvertently doing things that could lower its value? In this post, I’m going to reveal the top five blunders that homeowners often make, which are basically like throwing cash straight into the trash. And get this: avoiding the number one major pitfall could save you a heap of money – we’re talking tens of thousands of dollars!
#5. Small Fixes, Big Impact: Don’t Ignore Home Maintenance
You might not think much of a small leak or a tiny crack, but these minor issues can lead to major headaches. Think of your home as a living entity that needs regular care to stay healthy and retain its value.
Pro tip: Have you ever heard the phrase, “big doors swing on small hinges”? This applies perfectly to your home’s front door. A fresh coat of paint on your door, ensuring the doorbell rings sweetly, and a door handle that functions smoothly might seem like tiny details, but trust me, they make a massive impression on buyers. These small touches of maintenance can significantly boost your home’s appeal. Remember, the devil is in the details!
#4. Personalization vs. Practicality: Striking the Right Balance
We all want our homes to reflect our personalities, but remember, there’s a fine line between ‘unique’ and ‘unsellable.’ Excessive customization can make it hard for potential buyers to see themselves in your space.
If you’ve ever watched the Netflix series, “Amazing Interiors?” If not, go watch it to learn exactly what NOT to do to your home if you ever want a decent chance of selling it at some point in the future. On that show some people converted their entire homes into a “Cat House” for their cats, a “House of Horrors”, a “Circus House” and a “Chicago Cubs Cave”. Now if you have ungodly amounts of money and never plan to sell then go for it. Otherwise, think twice!
#3. First Impressions Matter: Don’t Skimp on Curb Appeal
Never underestimate the power of curb appeal. Your home’s exterior sets the tone for the entire viewing experience. Simple upgrades like landscaping and a fresh paint job can significantly boost your home’s perceived value.
Quick facet: Did you know that some of the most cost-effective ways to boost your home’s value involve basic landscaping and a fresh coat of paint? Planting fresh flowers, keeping the lawn neatly mowed, adding some fresh mulch, and giving your walls a new coat of paint are not just affordable – they offer a fantastic return on investment.
#2. When DIY Becomes Don’t: Know Your Limits
DIY projects can be fun and fulfilling, but not all of us are cut out for every home improvement task. Poorly executed DIY jobs can be a major turn-off for potential buyers and even raise red flags during home inspections.
I can’t tell you how many homes I’ve been in where DIY tiling and flooring had gone wrong! Tiling and flooring require precision which most amateurs just don’t have. Messy alignment, gaps, and uneven surfaces are common mishaps. These flaws are quickly spotted by potential buyers, who often roll their eyes because they prefer homes that don’t need immediate fixes, especially in something as prominent as floors and tiles. This can be a big turn-off and drive them away.
And now, drumroll please, the number one thing that homeowners do that can devalue their home:
#1. Bedroom Beware: Think Twice Before Converting
Converting bedrooms into other spaces can seriously devalue your home. Bedrooms really matter when you’re selling your place. Changing how many there are or what they’re used for can actually make your home less appealing to buyers. Most people want more rooms, not less, and the more bedrooms you have, the higher the price you can usually ask for your home. So, think twice before you transform that spare bedroom!
Remember, your home is more than just a place to live – it’s a significant financial asset. By avoiding these common pitfalls, you’ll not only enhance your living experience but also protect your home’s value for the future.
So now that you know what not to do, the question is, do you know what you can do to increase the value of your home? Let me help you answer your unique questions. Feel free to reach out and call text or email me I’m happy to help!