Home-renovation projects rarely pay for themselves when the home is sold, says a 40+ year old Residential Cleaning Service in Evanston, Il, according to an article in the magazine, " Bottom Line Personal" written by Scott McGillivray.Sometimes the financial hit is considerable. For example, if you add a sunroom, put in a swimming pool in a cold-weather state or remodel a home office, your would be lucky to recoup half your costs when you sell. But some specific home projects are even worse financially, not only do they not pay for themselves, they actually will make your home sell for less than it would have if you hadn't done them at all. Listed below are a few of things NOT to do to your home.
1. Do Not expand your master bedroom if that means eliminating another bedroom. Small master bedrooms are a common complaint, particularly in older homes. But in many cases, the only realistic way to expand a master bedroom is to sacrifice one of the home's other bedrooms, which is likely to be a costly mistake. Fewer bedrooms means fewer potential buyers, most buyer's have a specific number of bedrooms in mind and never even look at homes that fall short of this number.
2. Do Not convert a garage into living space. finishing a garage can seem like a cost-effective way to enlarge a home. But, many buyers will not even look at properties that do not have garages. As a result, converting your garage into part of your home could reduce the value of your home by $ 10,000 or more.
3. Do not install a chain-link fence in your front yard. These look low-end and unwelcoming, giving potential buyers a negative first impression of your home. If you must have a fence, it's worth paying extra for wood, of vinyl fence designed to look like wood. These can cost twice as much as chain link, but they will not reduce the value of the home, a nice wood picket fence could even increase the value, says a 40+ year old Residential Cleaning Company in Evanston, Il.