According to CNN Money, “When it comes to adding value to a high-end home, an amenity with a large price tag doesn’t guarantee a return on investment. Sometimes, a customized modification can actually reduce a home’s value”.
Here are some examples of over-the-top customizations that might not be worth the money:
Ornate Landscaping – Fancy shaped bushes, shrubs and trees can create an overwhelming appearance for a buyer. Instead, a clean cut yard with neat and simple landscaping and less fuss will be more attractive to a buyer.
Elaborate Outdoor Pools – Elaborate features in and around the pool may look appealing, however, the cost to maintain the pool area can be a deterrent or a safety factor for many buyers.
Huge tubs in the bathroom – The days of the large multi-person Jacuzzi tub are gone. Buyers desire a normal-sized tub, large shower, and most importantly, a walled off toilet area .
High-end materials – Imported high-end materials, such as marble and granite, are often too ornate. Buyers are looking for a more minimalist and natural finish in a home.
Unique Paint Color –Homes using a variety of colors throughout the cabinets, tiles, and floors will make it difficult for buyers to envision their own personalization of the home. Keep it simple with a neutral color palate.
Too much automation and security – Having the ability to control your home remotely is nice, but the automation still needs to be manageable for the homeowner. Buyers want one touch control versus a complicated system they have to decipher. An overabundance of security cameras can instill a sense of fear or insecurity of the home or area.
Oversized rooms – Creating a larger room for extra family space or a wine cellar by taking away a bedroom will possibly reduce a home’s value. A buyer’s initial detail is the number of bedrooms. When thinking about converting a garage into living space, think twice because buyers of high-end homes want a place to store their many toys.
The man cave – The emphasis on a special man room is losing interest and being disregarded and changed by buyers
Screening/media room – With large screen technology now present in most homes, media rooms are failing to offer true value to buyers.
