10 Worst Resale Home Upgrades – Metro Vancouver 2012

10 Worst Resale Home Upgrades – Metro Vancouver

 

Home Owner Update December 2012

Find out which home upgrades are least likely to return their full investment when you sell your home.

Some renovation upgrades, such as kitchens and bathrooms, are usually fairly reliable for adding to a home’s resale value. But there are others (and if you’ve gone BC Home Hunting (www.BCHomeHunter.com) in the last few years, perhaps you’ve seen a few) that are just plain “bone-headed” as a client recently stated. What’s worth the cost and what isn’t?

Wall-to-wall broadloom
Once considered a selling feature, this is now a liability in many buyers’ eyes. Broadloom is incompatible with pets and people with allergies, and is perceived as hard to clean. If you have hardwood floors, have them refinished or consider installing them if you don’t.

Whirlpool baths, saunas and indoor hot tubs
Once considered chic, these are now often seen as just expensive, space and energy-guzzling extras.

Expensive built-in sound systems and home theaters
Some buyers will be attracted to this, but not everyone is an audio/cinephile, nor will many pay a premium for a house with this feature.

Colorful bath fixtures
These went out with poodle skirts. Chances are the buyer will just see them as a renovation to-do and will plan to get rid of them after the purchase.

Ornate chandeliers, wallpaper and paint treatments
Taste is very individual and idiosyncratic decorating can turn many buyers off.  While many features are beautiful and add a great deal to a lovely home we advise you to stick with neutral, simple decor.

Odd rooms and walls

A wall bisecting a large bedroom into two unusable small ones or a cramped powder room under the stairs or in a closet will alienate many buyers.  They could see these potential issues as merely a future renovation expense. (Same goes for inexplicably missing walls, such as a bathroom that is open to the adjacent bedroom.)  The Mermaid Group of Companies Design Team are experts with impeccable taste and can consult from the beginning to end of all your renovation needs.

Overly fancy appliances
Stainless steel-finish appliances are worth paying a few more dollars for (compared to equivalent white or colour models), but six-burner professional stoves, double dishwashers and a fridge big enough for a restaurant rarely recoup their initial cost unless they are found in a true luxury property.

Cheap laminate or vinyl tile flooring
Some types of laminate are attractive and practical; others just look cheap and fake. Especially avoid peel-and-stick vinyl tiles (yes we still find home owners using them occasionally) or be prepared to replace them when you put the house on the market. For not much more money, choose hardwood, stone, bamboo or cork.

Swimming pool
There is some debate about this among Realtors whether  to some buyers, a swimming pool is a selling feature. But a pool rarely recoups its entire cost, and it will reduce the number of potential buyers interested in your home.  In areas such as South Surrey which has many estate sized properties a swimming pool is quite common and appreciated.

Finally, the number-one renovation no-no:

Turning a three-bedroom into a two-bedroom home

Even if that third bedroom is minuscule  it’s still a bedroom.  No matter how spacious your newly enlarged master bedroom or how luxurious that new spa bath, the demand for two-bedroom homes is significantly smaller than for three-bedrooms, and they command considerably lower prices.



Leave a Reply

Your email address will not be published. Required fields are marked *

This entry was posted on December 6, 2012 and is filed under Uncategorized. Written by: . You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.