Don’t Hurt Your Home Value

hurt your home valueWe show lots of homes in Carlsbad and Encinitas, but given where we live in La Costa I want to warn each of you to not hurt your home value.

Listed below are 7 things that turn off many of our buyer clients–and these are often improvements on which sellers spent a great deal of money. The exceptions are with the large luxury homes where some of these improvements are expected.

    1. The home office with big built-in desk, file cabinets and book shelves–especially if it comes from a former bedroom. Though many want a home office, they frequently don’t want to give up a bedroom for one. And, more and more, people sit on the sofa with their tablets versus heading to the desktop computer in the home office. Habits change.
    2. This is probably a 50-50 proposition, but a pool turns off many buyers who don’t want the expense and hassle of a pool. Many also erroneously assume a pool uses more water than a lawn (not true). This is an improvement that very rarely provides any monetary return to the seller who installed the pool.
    3. Beware leased solar systems. We recently has a lovely home listed where sellers had leased their solar system. We ended up feeling like solar sales people rather than the Realtors we are–because buyers did not want to be forced to qualify for the lease and did not like the terms. If you want solar, be sure you purchase the system–especially if you plan to sell.
    4. Too much color! Buyers want neutral colors. Beware the purple and green and violet bedrooms–and accent walls in vibrant colors too. It’s a simple fix if you want to sell. Repaint using popular neutral colors.
    5. Complicated landscaping intimidates lots of buyers who aren’t sure how to care for a pond or complex flower beds. Instead of beauty, they frequently see work–and lots of it.
    6. If you are thinking of replacing the carpeting in living areas, consider a wood or tile replacement.  Many associate wall to wall carpeting with allergies, upkeep and stains. A hard surface means easier upkeep and maintaining a healthier environment.
    7. Finally, DO NOT convert your garage into living space. It’s rare we see this in our real estate practice, but it’s an instant turn off for buyers when they see one of these conversions.

We value all of our real estate clients (and even those who aren’t) and hate to see you or your friends do things that might hurt your home value. If you have any questions about the advisability of certain home improvements, please feel free to give Scott or Roberta Murphy a call at either 760-942-9100 or 760-613-6190 and we’ll advise you from a Realtor and potential buyer’s perspective.