Everybody wants a nice home. Somehow, it’s sort of like a trophy for the hard work you have done all these years. And when it comes to it, homeowners sometimes overdo the improvements and make their own standards of a decent-looking home. Oftentimes, this is with the intent to increase the value of the home.
Before you go on thinking about having a pool on your backyard, you might want to consider knowing the things that seem to add value on your home, when in fact, they don’t.
- Expansive landscape
A lush and well-maintained garden invokes love at first sight, and even stands as an invitation for potential buyers. But unfortunately, that’s the only redeeming trait of this feature. A beautiful yard won’t add any value to your property if the potential buyer is not willing or will deem unable to maintain the current state of the garden. This can lead to the need to hire a gardener for the maintenance of the yard or in a worse scenario, abandonment of the whole yard leading to eyesore. It is in this manner that such an extensive landscape won’t be able to increase the value of your home.
- Pools
The mere mention of a swimming pool in existence at a certain home is enough to excite those who are fond of bathing in it. But when it comes to value, having a pool can be construed as a hassle. Swimming pools, for most potential buyers, are viewed as a threat to safety and quite expensive to have to keep going. Also, buyers with younger children are most likely to turn down the offer for fear of unsupervised swimming.
There’s an exception to the rule, though: pools can add to your home’s worth if having a pool is a standard to the neighborhood or the area.
- Inconsistency in modifications and upgrades
For a home to have a decent and increasing value, modifications on it must be maintained all throughout the house. The style, design and quality must be uniform, from room to room. An otherwise inconsistent theme and upgrade on the house may result to a lower valuation property report.
- Invisible home improvements
Home improvements that make your house better, but will not be noticed, won’t further add to the value of your home, too. These include new plumbing system or an HVAC unit. What potential buyers expect is that these items are supposedly working in good condition so the question of these adding value to your home is not priority.
So before you go on getting a new plumbing system or considering a floor plan for a new pool for your backyard just to increase the value of your home, note that these improvements won’t exactly do what you expect. One word of advice: consult a property valuator, like Aviso. Talk about what you need to improve on your home to add to its worth before you put it out to the market.
