Your home is your greatest investment and should be treated like gold. As such, expensive add-ons will bump up your property’s value. However, some luxury extras may be expensive, but won’t add any value to your home. Be selective in the kind of upgrades you choose. Adding fancy and unique touches to your home won’t always result in a higher selling price when the time comes to move on, but might even make your home harder to sell down the line. What’s more, you should always consider the net value of your home improvements before adding any expensive materials.
Myth: A trendy home sells quicker
Design trends are frequently changing. What may be a hype today, will blow over in a couple of months. Select a design for your home that matches your personality and lifestyle. Do ample amount of research on the internet and lifestyle magazines to find out which style is best suited to you. Home interior designers won’t get it wrong. If you need help upgrading your home, don’t hesitate in going to the experts and receive their suggestions with open arms.
Myth: Cracks are a major issue
Minor cracks in your wall may be the result of minor expansion and contraction, due to the varying soil moisture content, and not necessarily structural failure. However, cracks in the wall can be a major property value decreaser. To ensure you don’t have a problem on your hands, speak to a structural engineer to confirm your concerns. They’ll be able to give you an accurate analysis of your walls and any foundation repair solutions.
Myth: DIY home improvements
Changing the lightbulbs, changing small fittings, moving furniture and other minor tasks are fine to do on your own. But when it comes to remodeling your home, it may be time to hand the task over to the professionals. If you only know the basics for remodeling certain projects, then it’s likely to be out of your depth, where you’ll only run the risk of damaging your property if you don’t get it right. When it comes to home improvements, it’s best to call in the experts. You may want to save money in the process by doing everything yourself. But this may backfire. You may end up spending more money on fixing what you have damaged through lack of knowledge.
Myth: A pool adds value
Having a pool is a great selling point, but this is largely determined by the location and the climate. In a hot climate, a pool is an ideal feature to have for your home. However, pools can increase expenses, which the buyer may not be keen to take on. Always ask yourself, if I were the buyer, would I want this? The same way you used home loan calculators to check whether you could afford your home, is what you need to do whenever doing home improvements. Get out the calculator and do the math.