Additions that may not add Value to your Home when Selling

Do These Additions Add to Your Property Value?

Making improvements to your property does not guarantee that you will get a positive return. You should keep in mind that these additions may not increase the value of your house if you are planning on selling it soon. Also, keep in mind that do-it-yourself projects, if not done professionally, could detract from the value of your home.

Converting your garage into an extra room for the kids or a place for your mother-in-law may seem like a good idea, but it may affect your home's value when you sell. Many people need/love a good garage for their cars and sometimes an extra storage space. Instead of making this space into a room, try adding storage shelving or a workbench. 

When you purchase or lease solar panels for your home, you may increase its marketability but not necessarily its value. Several buyers may not be willing to assume the expense of leasing solar panels, which might affect their ability to obtain a loan. Having fully bought solar panels may increase the value of your home just a little but not leased solar panels.

It may also be detrimental to the value of your house if you remodel your basement or attic to add bedrooms or living areas without checking with government authorities about proper ceiling heights or legal egresses. It is important to obtain the necessary permits for any alterations and without these permits, sellers will be turned away and don't want to get themselves in trouble for something they didn't alter to the home.

Adding more simple or common upgrades is what will add value to your home such as a pool, upgrading the kitchen to stainless steel appliances or granite countertops, upgrading bathrooms to a walk-in shower, or adding granite countertops here as well. Updating the lighting to white lights instead of yellow or even new door handles and cabinet handles. 

Upgrades to your home may enhance your lifestyle and aesthetic but not the value of your home. Not everyone has the same style or needs as you and it is best to keep it simple when renovating your home.