3 Home Improvements That Don’t Add Value
In our last blog post, we focused on Home Improvements that ADD value to your home. If you are in the market to sell, these improvements will help you sell for more money. Today, we are going to take a look at the other end of the home improvement spectrum… these are the improvements that don’t add value. Some of these are necessary so you don’t LOSE money in a home sale, but for the most part, they won’t increase the value of your home.
Upgrading Utilities, HVAC or Roofing:
Although adding a new roof, upgrading your electrical wiring or replacing your HVAC are all great improvements to the functionality of your home, they don’t add value. Home buyers look at these improvements as maintenance. It is just expected that a home will have a functioning HVAC and safe electrical wiring throughout the house. On the flip side, not replacing your roof or your HVAC system could decrease the value of your home. These upgrade are all on the pricey end as well.
If you find that you need to make these upgrades, we have you covered with low-rate financing. Consider taking out a new VISA credit card with BCFCU and get an introductory rate of 2.99% APR. The best part is that you get to keep the 2.99% rate for any purchases made within the first 12 months. If you need funds to help pay for your new roof, you will never pay more than 2.99% APR for the lifetime of that purchase!
Swimming Pools and Hot Tubs:
We all envision ourselves enjoying a beautiful in ground pool with our family and friends… but overall, pools do not sell homes. Many home owners don’t want a pool or hot tub due to maintenance and safety concerns. Before you spend $50,000 or more on a beautiful new pool, take into account how long you plan to live in your home and enjoy your pool.
Super trendy décor:
Gold is back… for now. Before you replace all of your facets and hardware with gold, consider the fact that home trends change quickly. What is popular this year, won’t be popular next year. If you are looking to sell in the near future, you want to focus your funds on more neutral décor.
As always, this is your home. If you aren’t looking to sell your home soon, choose home improvement projects and styles that fit your family and your needs! If you know your family will enjoy a pool for years to come, dive right in! And remember, we are always here to help with all of your home renovations. Be sure to take advantage of our Home Equity Loan Special, where you choose your free gift! Check out all of the details today!
Reference Resources: HGTV.com/theblance.com/CNBC.com