Four Things NOT to Do When Selling Your Home
When you think about selling your home, either now or in the future, many things pass through your mind. You wonder where you will move, what you want in a new home, and how much your home will be worth when it sells. You probably start watching do-it-yourself TV shows that describe what buyers are looking for. Make sure that the shows you watch are about the type of buyer who might be interested in your home, because otherwise your home "improvements" might actually lower your home's sale price.
First, the swimming pool. Certainly, swimming pools are a great amenity. In the past, a home with a pool would be a hot seller in most areas. However, with rising utility and insurance costs, the backyard pool has become more of a risk than a benefit.
Next, beware of the addition. Space is money in the real-estate world. A larger home usually has a higher sale price than a small home with similar features. If you have a smaller home that you believe would sell for more with additional space, be extremely cautious before building an addition.
Hot Tubs and Jacuzzis may seem like the ultimate in relaxation, but potential buyers perceive them as risks, much like swimming pools. Specifically, they perceive the safety risk and the risk of costly repairs or replacement.
Stay away from trends. What is in today may be out tomorrow, or even before today is finished! In the home-improvement world, trendy is a buzzword that can kill your chances of a successful sale.
When you prepare to sell your home, avoid swimming pools, additions that don't match your home completely, hot tubs, and trendy designs that probably won't be popular in a year or so. Otherwise, you could find out the hard way that your so-called improvements have reduced your home's sale price.