Top Home Renovations That Impact Property Value Negatively

cash home buyer in Warren

Renovations can add value to properties. As a result, they improve their market value. This means you can sell a Warren home fast. But not all renovations have a positive impact on your house. Some can do more harm than good while wasting your time, energy, and money.

Detroit Cash For Homes is a leading cash home buyer in Warren. With years of experience in the real estate industry, we can help you make suitable decisions. In this post, we want to bring your attention to renovations that affect your property value.

But you should know the value can vary based on factors like your home’s location, age, condition, and the current market. So the value cannot be exactly what you anticipate. Also, if you are considering renovations to add value to your property, say no to these renovations. After all, they only consume your time and money with no benefit.

  1. Swimming pools

Having a swimming pool might seem like an incredible feature. But most buyers do not prefer pools because of the expenses of maintenance. In many cases, buyers request homeowners remove the swimming pool before purchasing the house. Why? It comes with potential risks for pets and children.

So, if you are thinking of getting a swimming pool to improve your property value, consider dropping the idea.

  1. Attempt to make your home overly unique

Making your house stand out from others can help you attract potential buyers. If you go overboard with making it unique from other properties, it can work against you. For example, putting down a new floor will turn off your potential buyers. They will not pay a hefty amount for a property in a low-priced neighborhood. With this type of renovation, you will waste your money and time. 

  1. Overly done landscaping

Landscaping is an excellent way to improve the overall look of your property, which will add value. But at times, it can do more harm if done without moderation. You might have heard the phrase, “everything in excess is dangerous.” These words perfectly fit this situation. Are you planning to install a brand-new fountain or plant a rose garden? If so, then it is not worth it. Buyers do not like properties with elaborate landscaping, as maintaining it is daunting. Instead of attracting buyers, this renovation can scare them away.

The bottom line

Expensive and fancy upgrades will not add much to your property value. Instead, these will turn your buyers away. Not everyone wants to have the luxury of a swimming pool in their house as it requires tedious and costly maintenance. People want a home that is easily maintainable.

If you do not have time and don’t want to invest in repairs and renovations, sell your property to Detroit Cash For Homes. We buy houses for cash in Warren as-is without asking you to make any changes. Also, our selling process does not include staging, listing, and marketing. Therefore, you can expect a fast and no-investment sale.

We deal with all types of properties. Call us to know more!