These Renovations WON’T Add Value to Your Home with Victoria Realtor, Brad Maclaren.
Everyone wants to be able to sell their home for as much money as possible. In order to do that, you first need to enlist the help of a top realtor in Victoria, BC. But even then, there are still a few other things that could be done to help maximize the value of a home.
One of the best ways to do this is to make some renovations on the home. However, these can’t just be any renovations. They need to be home improvements that are able to increase a home’s value by more than what it costs to complete the projects. Only then should you be able to hire the best realtor in Victoria, BC and sell your home for as much money as possible. With that in mind, here are some renovations that will not end up adding value to your home when it comes time to sell.
Swimming Pools
Who wouldn’t want a swimming pool in their backyard? Not only will this feature elevate the overall look of your property, it is also great for entertaining and even exercising. However, pools also come with some significant cons. The Canadian climate only allows someone to use an outdoor pool a few months of the year; from approximately November to March, most people will find it too cold to use a backyard pool in Victoria. Therefore, buyers may see pools as an unnecessary amount of work and will be less likely to want to purchase the home.
New Flooring
While it may be true that hardwood floors are the most desired type of flooring for potential homebuyers, the cost of installing them is not worth the increase in value that the home will experience.
If you decide that you want to change the type of flooring while you are still living in the home, then you will get the added home value in addition to the pleasure of experiencing the new material. However, if you are changing the floor type just for the purpose of selling the home for as much money as possible, then you are likely not going to see a big spike in the selling price by switching to a higher-quality flooring material. Instead, try refurbishing your already existing floors, which will provide a much better ROI.
Wine Cellars
For anyone who loves wine, having a wine cellar in their home can be absolutely fantastic. But unless someone is an avid wine drinker, then chances are that they are not going to be willing to pay that much more for a home with a built-in wine cellar. Since these can often cost thousands of dollars in order to design and build, installing a wine cellar is not a great way to increase a home’s sale price.
In order to make your home sell for as much of a profit as possible, make sure to avoid these renovations and instead hire Brad Maclaren, the best realtor in Victoria, BC.