#1) Pools: Although it’s true that people love swimming pools most prefer enjoying them at someone else’s house. Home buyers view pools as work, expensive to maintain and dangerous. In-ground swimming pools can be costly ranging from $50,000 – $80,000, which is a significant amount of money that may never be recovered when you decide to sell. Swimming pools can limit your pool of buyers (pun intended) and be a negative on resale! Older buyers may over look your otherwise perfect home solely due to the maintenance of the pool. Young families a like may be too concerned with the danger and liability of owning a home with a pool.

#2) Spa Bathrooms: Upgraded bathrooms will definitely add value but you just don’t want to get too carried away adding expensive jetted tubs that are hard to clean and hard for some people to get into, save some money and keep it simple by doing a more traditional tub and a nice glass shower that will appeal to more potential buyers.

#3) Custom Design: You may love your dark purple accent wall or trendy orange carpet but your individuality will limit you when it comes to selling your home. Potential buyers usually prefer a home that’s neutral and tastefully decorated. Spending your money on over personalizing your home will be money that will not be recouped. When it comes to painting stick with a neutral pallet and add some moveable colour with throws and accent pillows to get the most bang for your buck.

#4) Extensive landscaping: Yes you do want to enhance your home’s curb appeal, after all it’s the first impression a buyer gets. What you don’t want to do is invest a ton of money into extensive landscaping that most potential buyers will see as work and costly to maintain, Keep it simple with some low maintenance perennials gardens you can add some colour with beautiful pots or hanging baskets.

#5) Over Improving: Make it nice but not too nice. Be sure to keep your improvements consistent with your neighbourhood. Extensive remodelling or using materials that are too expensive for the neighbourhood should be avoided.

Keep in mind if you’ve just purchased your dream home and plan to be there for many years then go for it – don’t hold back making it your own, but if you are only planning to stay in your home 5 years or less be mindful of what improvements you’re doing and what type of value they will add. If you want guidance or more information you can always contact a local real estate professional.

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The number one place that adds value to your home is the kitchen, and understandably so- it truly is the heart of the home where families gather and spend lots of time, this renovation will usually bring the highest return.

Another money maker is adding additional living space, this can be accomplished in a few ways, you can finish a basement to create a large recreational room or finish attic space for a cozy t.v room or home theatre, or you can put an addition on the home to gain an extra family room.

Another renovation to consider is new flooring throughout your home, this will create a nice seamless flow and make your home feel open and spacious which appeals to buyers.

A renovated bathroom will also yield a high return, adding a glass tiled shower, re-grouting old stained grout, adding a fresh modern vanity are all ways to accomplish a clean, crisp, sparkling bathroom.

And lastly this one is low cost and most people can do it themselves – Paint! A fresh coat of paint throughout the home in a modern colour scheme will tie everything together and give your home a stunning face lift. Go a little further and add some accents while you’re at it like an area rug and throw pillows these finishing touches will warm and cozy up your space.

Keep in mind a bad job can cost you to lose money so if you’re not handy, leave the renovations to the experts. When doing any renovation be sure to keep it neutral and modern so you appeal to the masses, don’t make anything too personal if the goal of your reno is to sell in the near future.

The post Best renovations to add value to your home! appeared first on The Eden Team.