3OYS: Projects that lower your home valuePosted: Updated:
PHOENIX - One great thing about living in the Valley of the Sun is that you can tackle home improvement projects any time of year, even in the winter.
But 3OYS cautions to be careful about which projects you chose. Some won't help you get more money when you sell your house; some might actually keep you from selling your home at all.
Here's a list of projects that might reduce your home value:
-Converting bedrooms into other spaces
If potential home buyers see the home advertised as a "four-bedroom" home, they want to see four bedrooms.
They might not be such a "hot" idea. According to HGTV, many buyers find "someone else's" hot tub a little gross. And once a hot tub is installed, it isn't so easy to just remove from a deck or backyard.
-Skip out on the colored trim and textured walls
Apparently the textured wall fad is over, and it's a beast of a job to sand down and remove wall texturing and painting trim.
-Childrens' theme bedrooms
They may be cute, but not such a good idea to appeal to other buyers. Plus kids will outgrow that "theme" quickly so it's a lose-lose situation all the way around. Keep it neutral.
-Too much landscaping
While you may want to keep up with the Joneses, you don't want to exceed them. To a potential buyers, overdone landscaping may put up "high-maintenance" red flags.