A well-done renovation can increase your property value and give you a great space to enjoy. In 15 years in real estate, we’ve seen renovation mistakes that hurt your home value and cause extra stress. Here’s some advice to consider before you pick up your hammer.
1. Be clear about your goals
Are you hoping to sell your home for a higher price? Or are you designing a space your family will enjoy for years to come?
It’s common for projects to cost more than they generate in added home value. Now, there is nothing wrong with upgrading your home for your own enjoyment. But, if you are planning to move soon, you might think twice.
2. Consider existing finishes
You love the ultra-modern style you saw online, but will they look good in your house? It’s important to consider how new design elements will pair with existing features. That cool-toned tile might look out-of-place next to the warm-toned cabinets.
3. Be careful with trends
This year’s buyers are turning up their noses at the very design features they flocked to in 2015. We’ve seen sellers invest money to install new floors just to find out that gray floors have fallen out of fashion. If your goal is to increase your home value, make sure your design choices are either truly timeless or fully aligned with the most current trends.
4. Find vetted contractors
It almost goes without saying – you want reliable, skilled people working on your home. If you need to find a contractor, plumber, electrician or other service, contact us. We maintain a list of vetted vendors and and our happy to help.
Get professional advice before you begin
If you want to know how a renovation project would affect your home’s value, we can help! Schedule a FREE home valuation today.
Nick & Nicole Real Estate Team 