Home renovations can be helpful in selling your Knoxville home fast and getting the best price possible.
Still, not all home renovations are created equal. Before you spend time and money on home renovations, it’s important that you choose the right ones. Here are 5 home renovations can can cost you valuable time and money.
Before your consider removing a bedroom from your home, it’s important you think long and hard about it.
As a homeowner, you may want to remove a second bedroom to increase the size of your master closet or to make your master bath larger. While that decision may work for you, it may not be appealing to future buyers.
If that renovation cuts your three bedroom house down to two bedrooms, you could be doing significant damage to your home’s value. Before you nix a bedroom to create more space for yourself, it’s important to think about other buyers and how other homes compare in your neighborhood. If cutting a bedroom out of your home would be out of the norm, you may want to reconsider.
Much like bedrooms, closets matter to every buyer. With little or no closet space, future homeowners may struggle with how to easily store belongings.
Before you consider cutting down some crucial closet space, it can be important to consider the implications of what the change could mean for future buyers. Closet space, much like a bedroom, can be easily cut to extend your personal space. It can be very tempting to cut down a closet to make a room larger or to extend another closet.
Still, before you make this renovation, it’s important to think about it. If you’re going to be taking away crucial storage space or be leaving a room without a closet, you may want to consider.
Outdoor space is important to all buyers. A backyard can be an oasis during the beautiful spring, summer, and fall months. Any renovations that can seriously minimize outdoor space can hurt the overall price when you try to sell your home.
For example, putting in mammoth deck or a play set that takes up a majority of you yard can seriously decrease the amount of usable outdoor space that you have, which isn’t always appealing for future buyers.
Future buyers want to be able to enjoy their yard. If you do anything that makes your yard less pleasant, you may want to think it through before spending the money.
Your home’s value is greatly influenced by the homes around it. If homes generally sell in your neighborhood for between $250,000 and $300,000, you’ll want to make sure that any upgrades you make are comparable to those in your neighborhood.
You don’t want to make your house the best house in the neighborhood. Even if you spend $50,000 creating an excellent kitchen, if the rest of the homes in your neighborhood aren’t comparable, it’s going to make it significantly hard to make that money back when you sell.
When you make upgrades in your home, it’s important that you’re consistent. When sellers are inconsistent about upgrades, it can really break up the overall flow of a home.
Depending on your budget, you may be able to make upgrades throughout the house or you may just be able to make a few different upgrades. Still, it’s important that you just don’t focus on one room in the house while ignoring the rest of your home.
Don’t spend a fortune updating the master bath, if the remaining bathrooms look like they haven’t been touched in 30 years. Making the upgrades consistent throughout will make buyers find your home more appealing.
Are you thinking about selling your Knoxville home this year? Please let us know if there is anyway that Knoxville Home Team can assist you. Rick can be reached at 865-696-9002 or via email at [email protected]. Kati can be reached at [email protected] or by phone at 865-696-1888.
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