Home Renovations That Will Decrease Your Home’s Value

It is perhaps a shame that a home is at once an extension of the owner’s personality and the biggest investment most people will make in their life. Unless you do not plan to ever move out again, then arranging and designing your home to your tastes will always involve one major concern hanging over your head – what will this do to the value of my home. You may personally adore that wallpaper or the wardrobe, but they could be so out of step with current tastes that installing them in your home will send the value plummeting. 

At the end of the day though, it is up to you. There is something admirable in the throwing caution to the wind and indulging every one of your eccentric tastes. However, there could be a middle ground if sacrificing value is not something you really want to do.  CityHome Collective, luxury and new home specialists out of Salt Lake City, advise that the trick is to furnish your home in such a way that, if the furnishings are judged as having a negative impact on your home’s value, then it is possible to remove that furniture ahead of any viewings. Of course, this is only the case if those furnishings will actually decrease the value – some may, in fact, increase it. 

Negative Home Renovation 

Of course, home renovations are quite a different matter. Renovations are not the kind of thing that can simply be undone ahead of any sale. Short of actually renovating all over again, it is likely that you will be stuck with the renovations that you did yourself. 

But say you are looking to renovate your home now and want to avoid the renovations that will hurt your home’s value. What should you be on the lookout for? Read on then for the home renovations that you may love but may also end up costing you in the long term. 

Ornate Lighting Fixtures 

There is no getting away from the fact that some people seem to want to make their home look like the palace of Versailles when selecting lighting fixtures. While big chandeliers and swinging lights might seem like an exciting purchase, they all seem to have a pretty uniformly negative effect on the value of a home. Where home value is concerned, minimalism is key to a higher asking price. 

Textured Walls and Ceilings 

The reason texture on walls or ceilings is such a value-killer is two-fold. Firstly, this type of thing is quite solidly out of fashion and doesn’t look likely to make a comeback any time soon. But more than just this, textured walls and ceilings make for an expensive or costly job to remove. That puts buyers off. 

Bright Paint Colors

Similar to wall texture, brightly painted walls will put off potential buyers because they are at once out of fashion and an effort to do something about. 

Overly Luxury Bathroom Fittings

Make no mistake, an upgraded bathroom will certainly add value, but if you get carried away, you could end up losing value on the asking price of your home. The problem is overly personalized finishes and unusual fittings such as the whirlpool tubs. These are difficult to clean and difficult for certain people to get into. Keep things relatively simple, however, and bathroom upgrades will add value. 

In fact, this idea of keeping things simple and not going over the top with renovations could serve as the key take-away for this entire article. The more you do, the more chance you will make things a little too personal for most buyers.