When you’re planning on selling your home and looking for ways to increase its value, there are some renovations and improvements you just shouldn’t bother with, including:
1. Extensive landscaping. While it’s pretty to look at, it doesn’t necessarily increase your home’s value.
2. Upgrading electrical and plumbing. If you’re renovating an older home, these aren’t necessarily going to increase its value either. You’re really just bringing it up to modern standards, which your neighbors may or may have not already done.
3. New roof, gutters, or HVAC system. These items have a 10-year life cycle on them.
4. Swimming pools. They aren’t very common in Utah, and they certainly don’t add much value. If you put one in, enjoy it while you have it. However, don’t expect to get the money you put into the pool back when you sell.
5. Making dated improvements. Things like adding white tile countertops might look like new to you, but younger buyers will see it as a dated feature.
6. Painting your home. While painting your home will freshen it up and give off a new vibe, it will not increase the value of your home.
7. Solar panels. While everyone is jumping on the bandwagon of solar energy, let me just say that solar panels won’t increase your home’s value with an appraiser. If you have financed the system, you will likely have to pay the full cost before you sell anyway. If you’re going to add solar panels, plan to stay in the home for a while before you see savings.
If you have any questions about these or any other improvements you’re thinking of making before selling, give us a call or send us an email. We look forward to hearing from you.