Many Canadian homeowners do renovations supposedly for added functionality or improved design, all the while thinking it could increase the value of their property. Indeed, home improvements do help up the tag. There are some, however, that could work the opposite way. If you intend to list your property under homes for sale here in Fort St. John, BC sometime in the future, take note of these three common improvements that could adversely affect its marketability.
1. Too many bedroom conversions. Turning your spare rooms into something that better works for your present lifestyle may be great but not when it’s time to sell. Families account for the largest demographic of homebuyers so if you’re advertising your property as a 3-bedroom house, be prepare to show 3 bedrooms—not a single bedroom, music room and a home gym.
2. Over-building. Your home may look very desirable with all the improvements you made but if it appears out of place in the neighborhood you aren’t likely to recover from all the expenses. No matter how attractive it is—with all vibrant paint, elaborate tiles and built-ins—if its sits in a neighborhood of small, single-story homes, it will still appear expensive so you can expect potential buyers to haggle over your asking price.
3. Flamboyant landscaping. Many buyers appreciate a tasteful landscaping yet some see it as a burden when it comes to maintenance. Unless your buyer shares the same passion, those bright flowers and greeneries can easily become an eyesore if left unkempt. As a result, they would have to hire a gardener to keep everything tamed. Even if it does add to your home’s beauty, practical buyers aren’t likely to factor in landscape when placing a value on your home.
The bottom line here is to keep your property as neutral as possible for the future buyers you have in mind. While deficient maintenance is a no-no, so is over-alteration. What appears like a bright idea at first can actually lead to poor returns and worse, may undermine your home’s marketability. If you’re staging your property among homes for sale here in Fort St. John, BC, it pays to consult with a local realtor, like, Scott Sauer to see how recent and planned renovations can affect your its overall worth.
Six renovations that don’t add value to your home, TheGlobeandMail.com
Renovations That Improve or Hurt your Home's Resale Value, Centum.ca