Home Renovations That Might Decrease Your Property Value
Improving your house in certain ways before putting it on the real estate market could increase its value. Yet some upgrades are renovations that decrease home values. Even if a specific home design or renovation project works well for you, that doesn’t mean most home buyers want them.
At Chattanooga Property Solutions, we buy houses in Chattanooga, Tennessee. Here are some projects that could do more harm than good if you’re considering upgrading your home before selling it.
Elaborate Lighting Fixtures
Did you know installing lavish, luxury lighting fixtures could date your home? Lighting fixtures go out of style relatively quickly, so what you may love today could be out of style in a few short years. It’s best to avoid these mistakes and upgrade your lighting with simple fixtures.
Too Much Wallpaper or Textured Surfaces
Wallpaper is a trendy alternative to painted walls. Unfortunately, removing it is a hassle. If you pick an over-personalized design for your home’s wallpaper instead of a neutral paint color, prospective home buyers may not consider your house move-in ready.
The same sentiment goes for textured walls and ceilings. Removing texture can be an expensive, time-consuming process that many prefer to avoid. Select textured wall decor instead to make spaces more interesting.
Extreme Kitchen Renovations
Kitchen remodeling may increase property value, especially if the space has outdated technology and appliances. Updated kitchens should still match the rest of the house. It doesn’t make sense to have a luxurious kitchen with high-end surfaces, cabinetry, and fixtures in an average, unrenovated house.
Carpets Everywhere
As flooring trends change, the popularity of carpets will fluctuate. Though some people will always enjoy having carpeted living rooms or bedrooms, carpeting entire homes is one of those renovations that decrease home values. Avoid carpeting spaces like:
- Bathrooms
- Kitchens
- Formal sitting rooms and dining rooms
- Entryways
Obvious Do-It-Yourself Work
DIY projects can help save money on renovations. Unfortunately, inexperience and poor-quality materials can negatively impact the renovation’s effectiveness. It’s best to hire professionals to elevate the property and avoid common DIY mistakes.
Overbuilding for the Neighborhood
The last thing you want to do if you intend to spruce up your property is to overbuild for your neighborhood. Overbuilding your house means your property is more spacious, extravagant, or expensive in comparison to others in your community.
Though having the biggest, priciest house on the block might seem nice, it can lower a home’s value. Overbuilding means your home won’t match the community’s market value.
Call Chattanooga Property Solutions for a Quick Home Sale
At Chattanooga Property Solutions, we know what not to fix and the popular renovations that decrease home values. Yet when you choose us as your home buyers in Chattanooga, Tennessee, you can expect to sell your house in any condition. We offer fair cash prices, fast sales, and no commissions or fees, ensuring a hassle-free real estate transaction for all clients.
Don’t fret over DIY mistakes or inconsistent styles throughout your property. Our Chattanooga Property Solutions professionals will handle everything on your behalf so call (423) 454-3070 today for your no-obligation cash offer.