If you want to add real value to your home, here are four things you should avoid doing.
When it comes to adding value to your home, there are four things that won’t help your cause:
- Extensive professional landscaping. You can build an amusement park in your backyard and it won’t bring you the big bucks during the resale of your property. Landscaping choices are personal, so all the uniqueness and craft that goes into whatever landscaping you develop won’t dramatically boost your bottom line.
- New roof, gutters, HVAC systems, and other maintenance items. Buyers will certainly appreciate a new roof or furnace, but they won’t pay extra money just because you have a new furnace or roof in your home. The life expectancy on a roof is more than 30 years, which makes it a maintenance issue. Replacing it and expecting that to add value would be like expecting to get paid for sweeping off your front porch.
- Painting the house. Although painting your home is the single most cost-effective thing you can do as far as pre-sale improvements go, it won’t return any big bang for your buck unless you do it yourself. Painting the interior or exterior certainly makes the home more appealing and sellable, but an appraiser won’t boost your home’s market value based on whether it’s freshly painted or not.
- Installing solar panels. The kool-aid that solar panel companies have been selling you is spiked. Solar panels can certainly benefit a property, but at the end of the day, that’s all it is—a benefit. It won’t add or improve the value of your home in the long run. What’s worse, if you’re leasing your solar panels and have to move, you’ll have to remove them if the next buyer doesn’t want them or pay the lease in full.
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