One of the most frequently asked questions I get is, “What are the things I should do to prepare my home for sale?” Today I want to flip the script and talk about the top six renovations you should not do if you’re thinking about selling your home:
1. Add wallpaper. Unless you have a custom home and a designer working with you, avoid wallpaper.
2. Install lavish light fixtures. Keep your light fixtures simple. In most middle price points, lavish light fixtures won’t pay off. If you plan on living in your home for the next 20 to 30 years, that’s a different story.
3. Replace carpet with more carpet, especially in areas like the hallway, living room, dining room, and bathrooms. You’re better off using inexpensive laminate, a hardwood floor, or a stone floor. Many entry-level hardwood floors are competitive with carpeting in terms of price, and the look is amazing.
4. Paint in bold colors. Feel free to paint, but avoid bold colors. Choose neutral and calming colors instead and avoid bright reds, deep blues, and deep purples. Colors like those are too specific and too dark for most people.
5. Overspend on landscaping. You want nice curb appeal, but you don’t want to get lavish with your landscaping. If you’re thinking about selling anytime soon, that $10,000 to $20,000 you plan on putting into a canary palm probably won’t pay off.
You want nice curb appeal, but don’t go overboard with your landscaping.“
6. Build a custom swimming pool. Many buyers have an aversion to properties with a private pool. We’re seeing that buyers like the idea of a community pool because they get all the benefits of a pool without having to pay for it. If you really want to have a pool, buy an existing one. If you’re already in the process of building a pool, by all means enjoy it—just don’t expect to get your money back anytime in the near future.
If you have any other questions about how to update your home to sell for more on the market, don’t hesitate to give me a call or send me an email. I’d be happy to help.