Considering selling your house? You might be tempted to doll it up with some high-end design upgrades to increase its market value. However, experts warn that not all renovations pay off when it’s time to sell. In fact, some could even deter potential buyers or decrease the value of your property.
Here, we’ll delve into ten costly design upgrades that you might want to think twice about before you put that ‘For Sale’ sign up. We’ll highlight why these upgrades may not be the best investment and provide alternatives that could better serve you in the long run.
1. Over-the-Top Kitchen Remodel
While a modern, high-end kitchen may seem like a surefire way to attract buyers, experts caution against going overboard. Ultra-high-end appliances and finishes can drive up your renovation costs but may not equate to a higher selling price. In fact, kitchen remodels typically only recoup 60-80% of the cost, according to Remodeling’s Cost vs. Value report.
Instead of a complete overhaul, consider smaller upgrades that can modernize the space without breaking the bank. Fresh paint, new cabinet hardware, and updated light fixtures can go a long way in improving your kitchen’s appeal without overcapitalizing.
2. Custom Built-Ins
While custom built-ins can add character and functionality to your home, they often don’t appeal to the broadest range of buyers. These personalized features may be perfect for your needs, but they can limit the flexibility of the space for potential buyers. Not to mention, they can be costly to install and even more expensive to remove if a buyer prefers an open layout.
Instead of built-ins, consider flexible storage solutions that buyers can easily adapt to their needs. For example, modular shelving or standalone furniture pieces can provide storage without locking the space into a specific layout.
3. Wall-to-Wall Carpeting
Despite its comfort underfoot, wall-to-wall carpeting can be a turn-off for many buyers. Carpets can harbor allergens, require more maintenance than hard flooring, and may not suit everyone’s aesthetic preferences. Plus, potential buyers may see the need for carpet replacement as an additional cost.
Hardwood floors are a safer bet, as they’re widely appealing and can stand the test of time. If you already have hardwood floors, consider refinishing them instead of covering them with carpet. If hardwood isn’t an option, look into other durable and attractive alternatives like laminate or tile.
4. High-End Bathroom Features
Bathroom upgrades can be a good investment, but only if you keep them reasonable. Luxuries like steam showers, high-tech toilets, and whirlpool tubs may seem attractive, but they come with high installation and maintenance costs. Plus, not all buyers will be willing to pay extra for these features.
Instead, focus on making your bathroom clean, bright, and functional. Simple updates like a new vanity, updated lighting, and fresh caulk around the tub can make a big difference without a hefty price tag.
5. Bold Paint Colors
While you may love that vibrant red dining room or the dark blue bedroom, bold paint colors can turn off potential buyers. Strong colors can make rooms feel smaller and may not match buyers’ furniture or personal style. Even if repainting is relatively easy, it’s another task on the to-do list for buyers.
Consider repainting rooms in neutral tones before selling. Not only do they appeal to a broader range of buyers, but they also help rooms feel larger and brighter. Plus, neutral doesn’t have to mean boring – there are plenty of warm and cool shades to choose from.
6. Luxury Lighting Fixtures
While a statement chandelier or high-end pendant might be a conversation piece, buyers may not share your taste in lighting. Luxury light fixtures can also come with higher maintenance and energy costs, which could be a deterrent for some buyers.
Instead, opt for stylish but affordable lighting options. Choose fixtures with clean lines and neutral finishes that will appeal to a wide range of buyers. Also, remember that good lighting isn’t just about the fixtures – make sure each room is well-lit with a combination of overhead, task, and ambient light sources.
7. Ornate Landscaping
An elaborately landscaped yard may be beautiful, but it can also signal high maintenance to a potential buyer. Many buyers are looking for outdoor spaces that are easy to maintain. Plus, landscaping is a highly personal preference, and your idea of a dream garden might not match the buyer’s.
Instead of investing in ornate landscaping, focus on creating a tidy, low-maintenance outdoor space. Keep the lawn mowed and the plants pruned, add some simple plantings for color, and consider features like patios or decks that extend living space outdoors.
8. Pool Installation
While a pool might seem like a selling point, it can actually deter some buyers. Pools come with significant upkeep and insurance costs, and not all buyers are looking for this kind of responsibility. In fact, in many areas, a pool can actually decrease a home’s value.
If you already have a pool, be sure to keep it well-maintained and present it as a luxury feature. If you’re considering adding a pool before selling, weigh the costs and benefits carefully – it may not be the best investment.
9. High-End Window Treatments
Custom draperies and other high-end window treatments can be a costly investment that doesn’t necessarily pay off when selling. Buyers may not share your taste in window treatments, and they may prefer to choose their own.
Before selling, make sure your windows are clean and in good repair. If you need to add window treatments, choose affordable, neutral options that let in plenty of light. Remember, natural light is a big selling point for many buyers.
10. Elaborate Home Automation Systems
While smart home features are becoming more popular, an elaborate home automation system may not be a selling point. These systems can be expensive to install and maintain, and not all buyers will be willing to pay extra for them. In addition, some buyers may be concerned about privacy or find the system too complicated to use.
If you’re considering smart home features, stick to simple, user-friendly options that add convenience without complexity. Things like programmable thermostats, smart doorbells, and security systems can be attractive to buyers without overwhelming them.