by Kevin Hughes
on Friday, July 29th, 2011 at 4:46pm.
So, you're savvy enough to invest in a home? In that case, you're also sharp enough to avoid these pitfalls that would make it difficult--if not impossible--to resell your home:
1.Don't renovate the wrong part of the house.
Perhaps your kitchen is desperately crying out to be redone. In fact, it's shrieking, "Renovate me!" However, instead of remodeling the kitchen, you decide to redo the bathroom. After all, it will have a shorter completion time. The remodeling job will be less expensive than the kitchen.
Buyers looking for a home will not be impressed with the gorgeous bathroom; the image of the outdated kitchen will be burned into their memory, and they'll pass on your property.
There are some jobs you can tackle successfully. If you are proficient at working with dry wall, go for it. If you are skilled at laying tile, feel free to do it yourself. However, if you are clueless when it comes to plumbing, and botch putting in a new sink, it will cost even more to get your mistakes fixed, as opposed to hiring a professional in the first place.
Somewhere along the line you might want to sell your home in Meridian and move to Idaho Falls. So be honest about where your skills lie, and know your limitations.
3.Don't get in over your head
When you make plans to remodel or renovate, make sure the timeline is reasonable. Are you allowing time for set-backs? Is your plan practical?
If only half the wall between the kitchen and the dining room is torn down, there is no way a buyer is going to bid on your home, even if it is the best in all of Boise. All they will be able to see is the immediate construction cost that would be in store for them. And no one wants to move into a mess they'll have to clean up right away...
4.Renovation vs. Repair
Don't get them mixed up. Some homeowners go overboard. They see a crack in the drive-way, and instead of fixing just the crack, they completely redo the driveway.
However, the seller will not get a return on the money they spent on the unneeded renovation. All that was needed was a minor repair.
5.Don't let your taste override common sense
You may drool over fuschia and black striped wallpaper. You may be tempted to cover your bedroom walls with it. But be reasonable. Most families who are shopping for a home in Idaho are looking for color schemes and architectural touches that would appeal to a wide range of the population. Keep things more neutral, and more buyers will be attracted.
Keep these don'ts in mind, and you'll be in position to resell your home when that time comes.