Real estate agents and brokers agree that personalising your home too much or modelling it after a current trend is the number one culprit when reselling a home.
Especially with upper fixer homes, people tend to go overboard with creating a dream space as they do not think that they will be selling their home anytime soon. A major life change or the changing economy could mean that people might have to sell their home sooner than later.
It is important to consider the future homeowner of your home when carrying out a renovation.
“A buyer may not want such a traditional scheme or a super sleek modern kitchen. They often see what the seller sees as upgrades as something they need to fix or undo, therefore taking away the value” explains broker Alex Thompson.
DIY projects are high on the list of things that homeowners should avoid as they will never have the finesse that a professional job will have. Renovations too costly for your current location will not yield a good return on investment. There is a reason every location has a cap at what a certain property will be sold for.
Overly high end fixtures like a $10,000 sink in your kitchen will also not add any real value for home. Removing all the bathtubs from your home in favour of showers also eliminates the possibility of a future buyer with small children.
Well thought out renovations done with good planning and future in mind can in-fact increase the value of your home. If you want to discuss Home Renovations that add value to your home, contact Superior renovations on superiorrenovations.co.nz or look at their article https://superiorrenovations.co.nz/top-5-renovation-ideas-nz.