Here are four home upgrades sellers should avoid in today’s market.
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Not all upgrades add as much value to your home as you might think. Here are a few that you might want to avoid:
1. Remodeling upper levels. The buyer’s focus will primarily be on the main level rooms.
2. Adding wainscoting or crown molding. It’s simply not as popular as it once was, so you’re not adding the value that you think you are.
“Don’t make upgrades unless they’ll add value to your home.”
3. Building an accent wall. It might look nice, but it’s not going to add any value to your property, so it will be a sunken cost.
4. Making costly upgrades. This could mean replacing an A/C unit or water heater. As long as they are currently in good, working order, leave them as is. New ones won’t add value, but if your systems are older, you might want to consider offering a warranty.
Where should you focus your upgrade efforts? High-value areas such as the kitchen and main-level bathrooms. You may also want to consider a fresh coat of paint or some new flooring. These are more inexpensive ways to add value to your home.
If you have any questions about adding value to your home or concerning real estate in general, don’t hesitate to reach out via phone, text, or email. We look forward to hearing from you soon.