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Home Improvements That Dont Pay Off
Homeowners often refurbish their property in the hope that it will help secure a successful sale. However, there are some features that could deter buyers and even reduce a home’s value. email4property, the UK’s largest online network of estate agents, suggests the top five home improvements to avoid.
Swimming Pool
Many people would consider a private swimming pool a sought-after addition to a property, but in reality estate agents believe that the maintenance costs, which can run into thousands of pounds every year, are a deterrent for most buyers. Those with children might also consider it a safety hazard. If a buyer likes a property but is keen to have the swimming pool filled in, then this could reduce the offer price.
Spiral Staircase
Although spiral staircases can be a great space-saving device in smaller properties and an attractive feature, they will scare-off a large section of the market. Many buyers with children will view spiral staircases as a safety hazard and will be reluctant to pay for the work needed to have a new staircase fitted.
Lean-To
Lean-tos are a popular alternative to a brick extension or conservatory and provide additional downstairs living space. They are often unsightly however, and in some cases the necessary planning permission has not been granted. This will be picked up in the buying process and could mean that the council asks for it to be pulled-down, scuppering a sale. Make sure you seek advice from your local council planning department to avoid any problems later down the line.
Bar
Repeatedly voted one of the worst furniture fads of the eighties, built in bars can date a property and in many cases make rooms look smaller. Features like bars appeal to buyers personal taste and should be put in storage to ensure your home appeals to as many people as possible.
Sauna and Steam Room
Few buyers will list a steam room or sauna in their property search criteria and would prefer a more practical use of this space, such as a downstairs toilet or utility room. These are always popular with buyers and can increase the asking price.
Steve Lees, Head of Marketing at email4property, comments:
“Sellers who want to improve their home to make it as saleable as possible should stick to the proven money-makers: bathrooms, utility rooms, garages. Stay away from renovations which cater to your own personal taste but which would incur ongoing costs to a potential buyer.”
Start searching for your new home on email4property today.
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Notes for Editors:
Article date: 5/20/2011 12:00:00 AM