Remodelling mistakes

3 remodelling mistakes that hurt resale value

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Remodelling mistakes are common but can easily be avoided. Here are three things to think about.

The takeaway

A few years ago, I helped a couple sell their one bedroom bungalow. It was really really nice, like a condo nice. It had started out in the 1950s as a 3-bedroom bungalow but the couple that was selling had taken out one of the bedrooms to create a spa-like bathroom and taken out another bedroom to make a gourmet kitchen. It was a great place but it took a devil of a long time to sell. The market for one bedroom bungalows is very small.  When you change a place to suit your specific needs and wants, you will always run the risk of hurting your resale value. Taking out a room is in my opinion a terrible idea.

That goes for garage conversations too. Unless you are going to insulate and heat it and turn it into a workshop, garage conversions are a bad idea.

The weekend warriors

The Home Depot used to have an advertisement that said, “You can do it. We can help”. My experience is that you can’t do it and they don’t help.

Doing shoddy renovations and letting letting minor damage go unfixed hurts your resale value. Homeowners should have a maintenance fund. Regular maintenance like touching up chipped paint, repairing dripping faucets and cleaning out your ease troughs should be done, not just before you sell but as a scheduled thing.

The outside in

I recently helped a young couple buy a nice little bungalow in an older neighbourhood. One of their main worries were the trees. They were too close to the house so my clients worried not only about the roots cracking the foundation, but also about branches and other tree stuff falling on the roof and filling up the ease troughs.




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