There’s a six person Jacuzzi tub- in the bathroom. The foliage is shaped like jungle animals. Wall to wall marble begins in the entry and flows through to the kitchen. There are some luxury touches that can improve the value of the home, like high end appliances and a well landscaped yard. There are other touches that may be a bit heavy handed for some buyers. Check out a recent list by CNN Money that highlights some of the worst home customizations for home value.
1. Ornate Landscaping. Reno is often dry and low maintenance, drought tolerant landscaping is on the rise in popularity. If you’re considering a total overhaul of your landscaping, choose drought tolerant plants or even consider xeriscaping.
2. Huge Bathroom Tubs. Most buyers prefer a normal sized tub and a larger shower. If you planning a bathroom remodel, it may be best to forego the super-sized tub in favor of something a bit more compact. Spend the extra funds on walling off the toilet or a luxurious shower.
3. High End Materials. Yes, marble can be gorgeous. Reclaimed lumber can definitely make a home warmer and give character. But if you’re planning to sell your home in the near future, you’ll need to make decorating choices with potential buyers in mind. Remember that fads change. Even the once popular granite counter top is fading in favor to quartz and solid surface counters.
4. Too Much Tech. Security systems and automated home features can be a bonus for luxury home buyers. Controlling the lights and temperature from a single system is convenient. But beware installing systems that come across as too difficult to use. A huge control panel can be a turnoff for many buyers and a security system with too many cameras goes from making the home feel safe to creepy pretty quickly.
5. Too Large or Too Many Rooms. Bedrooms are what sell. Converting a bedroom into an over-sized closet or a wine cellar isn’t going to do much for a home’s resale value. Also leave garage bays as space to park vehicles, not extra living space.
6. Specialty Rooms. Media rooms and “man caves” are out of fashion. Stadium style seating in media rooms is unimpressive and buyers may consider it an unnecessary expense to remove. The man cave is rarely is a selling point, and potential buyers will likely disregard it in favor of another bedroom or an office. Remember that each living space needs to add true value to the home.
7. A Showcase Room. If you’ve spent $75,000 on a master bathroom remodel, but the rest of your home is in need of basic updates, the house won’t show well. Yes, potential buyers will be overwhelmed with the bathroom, but the kitchen, bedrooms and yard will likely leave them very underwhelmed, and headed to the next house. If you are planning a major remodel, keep in mind the style and quality of the rest of the home. It may be better to invest in smaller updates, like updated light fixtures, flooring and fresh paint throughout.
Of course personal tastes are different. If you’re planning to sell your home in the near future, keep in mind that buyers may not have the same taste. Neutral tones, quality materials and a cohesive home all show well.