Are You Sure You’ll Benefit from Your Home ImprovementsMost people assume that redesigning their homes and making changes will add value to their homes. This might not always be the case. Check out our list of some common myths associated with home improvements:

Myth #1: Any kind of remodeling is good.

You might think that your improvement is a fabulous one, but prospective buyers may think differently. We had seen a ranch-style home for sale that had its very own concert hall. It stayed unsold for quite a while. When you make such a renovation, keep the probability of selling your home sometime in the future in mind. The next homeowner may not like to have a huge balcony in his house unless she’s an Opera singer.

Myth #2: Pools are lovely.

Many people think that by adding a swimming pool, their house will be lapped up as soon as it’s put up for sale. For a pool to be appreciated, your geographical location is crucial. If you live in a pool-friendly region where it’s summery every day, it’s great. But if you live in a cooler area, the story would be entirely different.

Including a pool in most parts of the country is a risky proposition. It works out to be a long term liability and involves lots of maintenance off-season. Pools sometimes end up being big money pits.

Myth #3: Increasing square footage adds value.

Increasing useable square footage in your home can add value. According to the local standards, the finishing of your basements and attics might be considered livable. But a buyer may not find them attractive enough if the finishing is not of the same quality as the other parts of your home.

Myth #4: Making a living space out of a garage is great.

Nope. Almost always, buyers view this negatively because they lose out on storage and parking space. If you’re able to provide alternative space with similar dimensions for these purposes, then the scene might be different.

Myth #5: It’s always good to adopt the latest trends.

You might think that making your home ultra-modern by following latest design trends is the way to go. Not correct. For example, before the ‘80s, peach textured wallpaper was hugely popular. If you have something like this, you need to get rid of it before putting your house on the market.

It’s best to go in for neutral colors with a timeless feel. They’re more likely to appeal to buyers than “of-the-moment” bright colors.

Myth #6: Paint hides everything.

You believe that paint can hide a multitude of problems like dry rot, mold issues, fungus damage, and others, right? Wrong! Not only is this practice a violation of disclosure laws in many states, it can prove to be a liability for sellers later. When these matters come up after a sale, most buyers expect sellers to foot bills for hidden issues.

Myth #7: It’s better to improve a house from inside rather than outside.

Not necessarily. If a home doesn’t have curb appeal or has a neglected external appearance, buyers might reject it without even stepping inside. All the money spent on sprucing up the interiors might go in vain. For getting the biggest bang for your remodeling bucks, it’s best to begin with the outside areas and work your way in.