When preparing your home to sell, it is often recommended that you do some staging and minor renovations in order to attract the maximum number of potential buyers. Countless articles exist out there telling you to paint, clean, renovate and spruce up your home and its exterior. Although these are valuable and often lucrative tips, there are a few renovations that actually have the potential to turn off potential buyers. See below for 3 renovations to avoid when listing your home to sell.
Converting Bedrooms: The number of bedrooms a home has greatly influences the pricing of the home as well as the buyer profile that will potentially view your home. Converting a bedroom to a hobby room or home office in such a way that it is difficult to turn back to a bedroom, reduces the number of bedrooms in your home, and can reduce the number of potential buyers. If you are using a bedroom in another manner, be sure that it can easily be converted back to a bedroom.
Overdesign: Remember when you are listing your home that you are trying to attract the widest spectrum of potential buyers possible. That being said, be sure to avoid ‘overdesigning’ your home so that it only appeals to a certain type of buyer. For example, being super modern and sleek in some rooms using concrete etc., may only attract a modern buyer with no kids. Keep design choices neutral and universal so that you can appeal to the most possible buyers.
Over-improving: Believe it or not, doing too much can back fire when the time comes to list your home. Keep your renovations relevant to the neighbourhood you are in and the other homes that are around you. By grossly outdoing your home, you will likely not see the return on your investment as the buyers that are looking in your neighbourhood will not be willing to pay a significant premium on your home over the other homes in the area. Keep renovations and design choices relevant to your area.
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