These renovations don't add resale value to your home:
While your home is the place you live, it’s also the most expensive investment that most people will ever make. And when you're trying to re-sell, the wrong renovation can have a long-term cost you probably didn't think about at the time. of Warburg Realty, is only considering their own taste and needs within the home and choosing renovations that do not provide any value or benefit to the future homeowner.
Chiaramonte has also seen sellers run into trouble when it comes to changing the layout of a space. “Layout choices such as removing a bedroom or a bathroom for extra living/entertaining space or opening/closing a kitchen can be a gamble from a value-add perspective since the next buyer may not need or want a double-sized living room, but want that bedroom you removed.
Chiaramonte also says that homeowners often overspend on choices that no one else will notice but them. For example, an all slab marble bathroom doesn’t have a high return in comparison to a bathroom with one slab focus wall and matching tile throughout. “Buyers often can’t see the little details and differences that add a lot to the cost line of the renovation,” she says.
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