When you’re selling your home, you need to know that not all home improvements will actually pay off at the closing table.
In fact, some could end up costing you more than they’re worth.
3 Home Improvements That Probably Won’t Boost Your Resale Value
While maintenance, repairs, and minor cosmetic improvements typically pay off when you sell, whether it’s through the speed of the sale, the price your buyers pay, or both, there are some things you shouldn’t spend your hard-earned money on before you put your house on the market.
Bad Investment #1: Over-the-Top Outdoor Landscaping
Your home needs curb appeal, but it doesn’t need a professionally manicured flower garden, a koi pond with a waterfall, or a hedge maze with a huge topiary in the middle.
Because buyers will see that and wonder how much time, effort, and money they’re going to have to sink into it to keep it looking good.
Bad Investment #2: New Heating and Cooling Systems
A new heating and cooling system, as well as a new roof, new insulation, or new windows, are part of routine maintenance. These aren’t actually bad investments, but you can’t expect them to contribute to your retail value because buyers expect that you’ve done them as part of maintaining your home.
Bad Investment #3: A Swimming Pool
When you add a pool to your home, you’re alienating every buyer that wouldn’t buy a house with a pool. If a buyer wants a swimming pool, he or she can add it after purchasing the home. Installing a pool costs thousands, too, which will be better left in your pocket (and you can use it toward a pool in your next home).
Are You Selling Your Home in Aspen?
If you’re selling your home in Aspen, get your free Aspen real estate market update and find out how we can sell your home quickly and at the best price. Give us a call at 970-429-8275 or get in touch with us online so we can start working hard to get your home in front of all the right buyers.