5 Home Improvement Mistakes To Avoid

Real Estate Agent with The John Soliman Group SL3131803

The acquisition of a property, for investment purposes or personal affairs, coincides with a lot of complex decisions. Investors, and owners alike, are tasked with implementing home improvement strategies as they see fit. Residential developers must evaluate potential exit strategies, determining which improvements willmaximize their returns. Conversely, owners intent on living in the recently acquired home are faced with an entirely different dilemma. They must create a functional and personalized living space.

Common sense dictates that these goals are synonymous with one another. Home improvement is a particularly good investment strategy in today’s market. However, too many people become complacent when faced with this challenge. Not all “improvements” add value to a home. In fact, some may unintentionally detract from the price.

A recently acquired property has a tendency to represent a blank canvas; a clean slate that owners can manipulate to their will. However, this freedom of expression may serve as a blessing and a curse. Agents and appraisers say they regularly see homeowners make changes that don’t increase the value of the home by much, if at all. Some renovations or alterations can even drag down the value of a home.

While additions have the ability to add value to a property, there are several improvements that should be avoided. They are as follows:


Paul Esajian

Paul Esajian

Paul Esajian, Co-Founder of FortuneBuilders Inc. and CFO of CT Homes, LLC is one of nation’s premier young real estate investors and speakers. His ideas for building a business have been used to develop CT Homes into the premier real estate solutions company in Connecticut and the New England area which resulted in him and his team being featured on a flipping houses reality show.

All credit to - http://www.fortunebuilders.com/real-estate-articles/5-home-improvement-mistakes-avoid/


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Donald Urschalitz
Lubeck Realty Group - Jupiter, FL
P.A. Realtor ABR RSPS North Palm Beach County

Thank you for such a great post.

Sep 18, 2013 11:57 PM #1
Jimmy Faulkner
Florida. Homes Realty & Mortgage - Wantagh, NY
The Best Of St. Augustine

Super post that outlines what a homeowner has to do to make their home a better place to live and therefore easy to sell. Get the permits is very important and if you do one room, the other rooms had better look good.

Sep 19, 2013 12:08 AM #2
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