In the excitement of building or remodeling a home, it is common to get caught up with details that sometimes practicality takes a second seat. If you’re not planning on staying in your new home for more than a couple of year, it is important to be aware that what you’re implementing now will affect the re-sell value of the house in a couple of years. That could mean thousands of dollars in value as well as the time it takes to sell your home.
Dos and Don’t’s when building or remodeling your home
Planning for the future when building or remodeling your home should be an ever present factor throughout the building process. Make sure that you take the time to create a budget, plan carefully, and avoid decisions that you are not confident you will still be pleased with 5, 10, or 20 years down the road. Of course it is easier said than done. The challenge comes when you are actually faced with a decision and must carefully weigh the options for yourself. Remember that you cannot please everyone. So of course, put safety first and then consider what aesthetic elements will be most appealing for the largest number of people including yourself.
When it comes right down to it you will make money if you can plan well, manage effectively, and build a home that has high resale value. Make the most of your planning, and build a house that will sell for tons of money, and make the most of that house. Try to find good deals, and try to get your house to appeal to as many people as possible. You should know that if you build a house with the intent to sell, and plan around what is selling, then you can sell faster, for far more, and make money off your house.
1. Overly personal/specific touches
It’s always nice to fill your home with things that you love and enjoy. However, when you have to re-sell the house, changes made which are permanent will be costly to change as overly personal or specific touches to your home, i.e., murals on the walls, tiles that are of sentimental value to you, etc. may not be to the liking of a potential buyer. Try bringing personal touches to the home through accessories, not through the actual architecture of the house.
2. Go for wide appeal
Go for as much as possible, neutral fixtures in the home, such as lighting, flooring, countertops, fixtures, etc. This does not mean that everything has to be white or shades of beige. Neutral can be light earth tones or any muted or subtle colors that you might find naturally occurring outdoors. Neutral tones will give a more wide appeal when it comes time to sell your home.
3. Consider quality/price and longevity
While most of us cannot afford a huge budget when remodeling/building a home, what you definitely want to achieve is at least a standard of quality on the fixtures/architecture of the house. This is important for re-sell value. Take careful consideration on where you do choose to spend more money. Keep in mind that what you may spend a little bit more now, may bring you better returns for the future when you decide to sell your home
4. Never compromise safety
Safety in the home is always a priority and a concern. The money spent on ensuring integrity and safety of the house is upheld is not negotiable. If safety is ignored you may be confronted by a barrage of legal implications.
Look at the trends for the home and survey to figure out the most popular features in houses at the time. You need to be aware that it is your decision to build your home into something that will increase in appeal as years go by. Build your house around what is selling, so that when it comes the time to sell your house, it appeals to everyone because it is up to date.