Before you dive into a Fountain Hills major renovation project, consider how long you’re likely to stay in the house.
A lot of people get into trouble by going into a home they’re only going to be in for a relatively short period of time, and they start doing renovations and additions, but they’re not going to be there long enough to really enjoy.
Here are 3 reasons to proceed with caution, particularly if you want to maximize your chances of a profitable resale later on.
1. Over Improve – Luxurious amenities can be a good selling point, but only if they blend in with rather than outshine what the neighbors have. Having the nicest home in the neighborhood can be a bad thing when it’s time to sell. A prime example would be upgrading the kitchen in a more modest home to reflect remodeling in a higher-end home. Keep the upgrades in line with the price point.
2. Too Personal – Making your home too unique can sometimes deter buyers. It is important to enjoy your home and to make upgrades to enhance your living but for resale value make sure your updates appeal to a wide range of buyers. Keep more neutral colors for things like counter tops, shower and floor tile, carpet, etc. If you want to go crazy with color do it with paint, which is easy enough to change when you decide to sell.
3. Unpopular – If no one else in your neighborhood has a room like the one you’re adding, or all the other houses boast the very feature you’re getting rid of, watch out. For example, although converting your garage into an office, bedroom or playroom can be a less expensive way to add square footage and create more living space, it can have drawbacks. Potential home-buyers might miss the sheltered parking more than they welcome the additional room, especially if other homes in the neighborhood have garages.
Whatever type of home renovation you may be considering: Before you do anything in a house, live in it for a while. Prioritize what needs to be done, then go back a year later and see how much your list has changed.
Let me know if I can answer any questions about Fountain Hills or Scottdale neighborhoods, price trends, short sales, etc. You can call/text 480 888 6708 or email me for quick answers to your questions.