Sometimes clients that have built and renovated beautiful unique homes and expect that these renovations allows them to demand a much higher price. Sometimes it does not always work that way....here are a few renovations that might not always add value:
1: Converting the garage or screened lanai into living space.
2: Swimming pools (cost to instal tends to be more than you can increase value of home)
3: Very customized finishes (special marble counters or elaborate murals on the walls etc)
4: Non permitted additions (appraisals can't count them in value)
Many of the above mentioned improvements are done because you like them, it may not mean that the next buyer will want to use that garage as a bedroom. Or the possible buyer may think your elaborate Italian mural is hideous. By all means, you can still do all these things however if you plan on selling your home in the future keep in mind what buyers will also find value in!
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