Myth #1: Any remodel will add value to your home.
Although a lot of improvements can add significant value to your home, such as updating your kitchen or adding on additional square footage, there are many remodeling projects that won’t help when it comes time to sell your house. Over-improving for the neighborhood often doesn’t result in making your money back at closing, and, similarly, adding very personal touches to certain rooms (such as turning it into a movie theater or game room) may not appeal to all buyers.
Myth #2: You should do improvements yourself to save money.
Know your limits when it comes to your skills around the house. If you don’t have enough experience to do the job properly the first time, save yourself time (and, ultimately, money) by hiring an experienced contractor to do the work instead. Although in the short-term it may look like a large chunk of change, getting the job done quickly can save a significant amount of money long-term.
Myth #3: Decorating according to today’s design trends is the way to go.
If you’ve watched any home improvement shows about selling your house,
you know that it’s important to appeal to all buyers by going neutral in decorating your home. What’s considered “trendy” right now may not be in 5 years, when you want to put your house on the market. Stick with neutral palettes for a timeless look.
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