General Information - Five Pricey Additions That Won't Dramatically Boost Your Home's Value



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Five Pricey Addition That Won't Dramatically Boost Your Home's Value

 

While keeping up with home maintenance will help hold your home's value, Investopedia says there are some improvements and renovations that homeowners assume will boost their value, but don't significantly help.

While keeping up with home maintenance will help hold your home's value, Investopedia says there are some improvements and renovations that homeowners assume will boost their value, but don't significantly help.

1. Improving your home's curb appeal will help get you your asking price, but extensive landscaping may also be seen as too much maintenance for some buyers. Rather than investing in a new flower garden or other decor, you can focus in on the basics, such as grass and trees. When it comes to landscaping, clean and simple may be just what the buyer is looking for, while those with more of a green thumb can make their own changes after moving in.

2. Buying all new appliances may seem like a great investment, but if you're counting on them to get you a higher asking price, you should account for some homeowners who won't be wooed by the addition. In a buyer's market, prospective buyers have an advantage of options, so a higher asking price may not be what sells your home quickly. Instead, make some noticeable upgrades to other features in the kitchen, such as new cabinetry, hardware and flooring, which is more likely to wow buyers.

3. Swimming pools are a great addition, especially to homes located in areas where the weather is warm year-round. Before making this major investment, consider the willingness of prospective buyers to pay for the maintenance in addition to a higher asking price. Generally, homeowners insurance is also higher for properties with swimming pools, so if you are thinking about adding one to simply boost your home's value, you may want to reconsider.

4. While adding brand new carpeting can make your home look cleaner, buyers will likely be thinking about the need for replacing it in the future when compared to other flooring options that require less maintenance over time. Instead, installing wood or tile floors throughout can help increase your home's value compared to wall-to-wall carpeting, says Investopedia.

5. Making your home stand out from other properties listed for sale in your area is important, but overbuilding in your neighborhood won't likely boost the value of your home, according to the source. Instead of building upwards, you can renovate extra space into additional bedrooms, which are highly desirable by buyers. When making changes to your home's layout, you may want to keep surrounding homes in mind.

For consumers interested in new homes for sale in Florida, it's important they know how to move through the process. GL Homes can help consumers know what the latest trends are for homes in Florida so they know exactly what they want in their new home.