As we find ourselves getting back to 2005 levels within the next year or so, we cannot forget what caused the 2010 spike. In 2010, 7.7 million families lost their homes to foreclosure, 1.2
5 Upgrades That Wont Add Value To Your Home
Today I’m going over the five upgrades you should avoid when preparing to list your home.
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If you’re looking to put your home on the market, there are probably some projects you have your eye on to increase its value before you list. While some upgrades are going to do wonders when it comes to your bottom line, there are five things you should avoid doing if you want a good return on your updating investment.
Extensive professional landscaping. Skip adding that super expensive water feature in the backyard.
New roof, gutters, sprinkler system, or HVAC. Updating these things is a plus, but the appraiser isn’t going to add any extra value to your home for them.
Swimming pool or spa. If you want to add one or both of these things for personal enjoyment, do it! However, they won’t add any resale value, so don’t put them in for the purpose of the sale.
Painting. It will help sell your home, but the appraiser won’t give fresh paint any value in the appraisal.
Solar panels. A salesman might tell you solar panels will increase the value of your home, but they won’t. In fact, if you used financing, you’ll have to pay off the solar panels before you sell your home.
If you have any other questions about this topic or any general questions about real estate, please feel free to give us a call or send us an email. We look forward to helping you!
Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consistently been in the top 10% in sales for over a decade in 2 states. In order to accommodate a rapidly ex....
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