You may have come across many trending home renovation ideas on the internet that may have encouraged you to use those ideas to renovate your home. You may think that this particular home renovation will add great value to your property.
But is that truly the case? Are all home renovations suitable for your property? No, it is not because some home renovations can degrade the value of your property and you may end up wasting lots of money doing it. If you are trying to increase the value of your property and in need of some effective ideas you can get professional assistance from letting agents in Brighton. They will tour your property and will offer you amazing tips to make it look attractive and at the
same time increase its value in the market.
Other than increasing the value of a property, suitable home renovations can make every corner of the house look appealing to homebuyers and renters in search of a property. Plus, it can make the home more functional, decrease the costs of utility and maintenance and also make a home more comfortable to live in. But what are the home renovations that can degrade the home value? Have a look at it.
A complete overhaul of the kitchen
Modifying a kitchen space by fixing the damages and installing functional equipment is a great decision because it can increase the value of a property. But completely breaking down the kitchen to install a the new upscale kitchen will result in lots of expenses and it may not increase the value of a property as you prefer. Further, homebuyers may not like the look of the new kitchen and it may potentially discourage them from buying the property. That is why if you want to make a kitchen look attractive and functional just be content with minor changes as they will cost you less and will help you sell your home more quickly.
Expensive wallpaper and carpets
The wallpapers and carpets are priced according to their style, design and quality. When you are trying to sell a property you maybe tempted to explore several expensive wallpaper and carpet designs for using it to spruce up the rooms. But tastes differ so a homebuyer may not find the wallpaper and carpets appealing to look at and this will limit the chances for them to redecorate the property as they like it. This can deter them from buying the property. Hence splurging your money on new wallpaper and carpets for the home renovation can be a wasted effort and instead degrade the value of your home.
Changing the property’s original character
Your property may have a certain character to it that makes it unique from the rest like historical characteristics that make it looks more traditional and idyllic. Changing the true personality of the property and opting to renovate it with modern features can ruin it and degrade its value. Many homebuyers love properties that are original with a specific distinguishing personality. Therefore only perform the needed
improvements to increase the property’s functionality and allow it to retain
its original character. On the other hand, if there is an opportunity to restore or preserve the original character of the property, you can choose to do it as this will increase the property’s value greatly.
Installing built-in electronics
If you want to catch the eye of potential homebuyers and renters then have this in mind – installing built-in electronics will not help. For instance, a built-in sound system or home cinema is an attractive feature but a lot of homebuyers and renters will only be looking for electronics that they actually need for convenience. Therefore you will be wasting money by installing high-end electronics that homebuyers do not need.
Installing wine cellar
For attracting true wine enthusiasts you may think of installing a wine cellar on your property so they can collect high-quality wines and store them. Many homeowners think that it can increase the value of their property but the costs of fitting one can easily make a huge hole in your savings. So it is risky to spend money on the wine cellar venture. You can use that money to improve other aspects of the home that increase its value.
Want to renovate your home to increase its value?
Are you trying to sell your property to a good homebuyer or want to rent it? You can get in touch with the letting agents who will help you make the right home renovations for attracting good home buyers and renters. Call the letting agents now or visit their website to book an appointment.