Protecting Your Equity by Avoiding Unnecessary Home Upgrades

If you want to increase the resale potential of your home, you can do smart upgrades to heighten its appeal to buyers. Meanwhile, you can also hire home staging professionals who have the right connections to contractors and can transform your home entirely – even minus all the ridiculous expenses.

Normally, the latter option is arranged to temporarily boost the overall look and feel of your property. After all, it’s important to present an option to your buyers rather than show them around an empty room.

Although this is for a case to case basis, DIY enthusiasts should be wary of strategies that would most likely backfire. Remember that the point of upgrading is to get back your full investment after the sale, and not be on the losing end.

Take a look at this list and see if any of these mistakes has been committed by you or someone you know in the past. What comes next? Correct them in future viewings.

• Unnecessary fixtures in the bathroom – The bathroom is one of the key areas that always gets an uplift when a property is about to be sold. On that note, don’t get tempted to use colorful fixtures as they could soon be down before you can say “design”. Go for a neutral appeal so it will cover a broader range of preferences.

• Grandiose overhaul – Just like affectations, anything too grandiose can seem pretentious to an ordinary buyer (unless if your market requires an equally grand effort). What’s considered expensive? Saunas, indoor hot tubs and whirlpool baths.

• Surround sound – With more people clamoring for high quality entertainment, it’s common to mistake this factor as a need. Reality check: Not every homeowner is obsessed with installing the latest home theaters and sound systems in their house. Therefore, you can’t sell this as a premium feature because they didn’t ask for it.

• Personal details – Taste is very subjective that it’s hard to find a definite appeal that will cover a general scope. The safest move you can do is to simply stick to the minimalist appeal. Let the buyers do the imagining.

So if there ever comes a time that you need to prep a property for sale, try to get a hang of the basics or just hire home staging professionals like Sold by Design.