Home Improvement 4 House Value; Mistakes Part One
Personal Taste Could Make Waste
In the last month or so I've seen some great posts on our blog about home improvement, and written a few myself, but now I'd like to talk about some things home owners and those preparing to sell a home should think about; home improvements that don't increase house value.
Buyers should consider these common mistakes as well. Becoming a new home owner, one of the very first things buyers enthusiastically set about doing is actively pursuing home improvement projects and changing home decor to suit. While these home improvement projects help make a house feel more like "home", buyers should look down the road and consider how long they intend to live in the house, and the impact of their personal taste on their new home's worth.
Too heavy a hand with personal touches can hurt a house value.
We all want to make a house our home, and we do so by adding our personal touches, but if you're considering house value, understand that too much personal taste can actually backfire on a home owner.
Painting, for instance, I'm a fan of color, bright and cheery, and some earthy tones but I'll skip Chartreuse or Fuchsia thank you, however, unless you are totally prepared to put the room or house back into the "main stream realm of reason", it can be a huge turn off to some qualified buyer coming to your listing's open house.
Now, there are more to neutral colors than just Mauve or Taupe, don't get me wrong, and nothing like some great accents, color coordination and delightful contrasts. For inspiration, see my post the New Neutral Color Palette for 2014 featuring some of Benjamin Moore's great new looks. There's a lot you can do with these colors.
Along these lines, consider what is going to be difficult to "remedy" down the road, or restore to something universally appealing. Some home owners don't consider this when wall-papering, adding flashy or gaudy tiles to the kitchen, fireplace mantle or bathroom. So, though we are all our own biggest fans of our personal taste, consider first how long you will live in the home and will this home improvement need to be reversed at some point, if so, what will it cost?