Are you getting ready to sell your home? Wondering if you can boost your home value with some renovations? Remember, not all renovations are created equal, and some can actually detract from your home’s value.
Here are 3 of the top remodeling mistakes that can decrease your home’s value:
1. FLOORING FAIL:
Cheap laminate can be just as bad as old carpet. If you are installing new hardwood or laminate flooring,remember to remove and replace the old baseboards; this will help ensure the floor fits properly.
2. CUTTING CORNERS ON LABOUR
Having your friends help with the renovation of a bathroom sounds like a good idea, but it might not be a good idea in the long run. Cutting corners on labour might end up costing you more money with potential complaints and further negotiations from a potential buyer.
3. FIRST IMPRESSION FAIL
Don't scare off potential buyers even before they step foot in your home. Excessive landscaping, exterior painting done incorrectly, and window caulking gone wrong, can have buyers screaming "what were the sellers thinking!"
Some DIY projects can actually help your home value but when they’re not done properly, such efforts can actually have the exact opposite effect on the value of your home.