Six home improvements your customers are being warned away from
Swimming pools, overbuilding, over-landscaping the property, overly high-end upgrades, wall-to-wall carpeting and "invisible improvements" may not pay off when your client sells their property, according to this article.
August 6, 2013 by Steve Payne
Not that journalists always get it right (except those at Canadian Contractor, cough) but there’s an interesting article in today’s Globe and Mail about six types of home improvements that, supposedly, don’t increase the value of a home.
Here they are:
(1) Swimming pools
(2) Overbuilding for the neighbourhood
(3) Extensive landscaping
(4) High end upgrades
(5) Wall to wall carpeting
(6) “Invisible improvements”
We disagree with (4) and (6). In (4), it depends on your definition of “high end.” And in (6) the article refers to a house’s systems, including HVAC. If there was ever a category of upgrades that potential new home owners wanted to know about, it includes electrical, plumbing, ventilation, air conditioning. So what if they are “invisible.” It’s the real estate agent’s job to promote those upgrades professionally.
Read the full article here in the Globe and Mail.