Agent Blogs

Custom renovations are often a great way to put your family’s personal stamp on a home. However, you may want to reconsider if you plan on installing something as unique as an indoor waterslide.

There is nothing wrong with transforming your home to reflect your family’s style. However, if you plan to sell in the future, it is important to keep in mind that customizations do not always have a positive effect on the value of your home.

Five tips you should consider when customizing your home:

1. Avoid extravagant personal touches. Before choosing to install built-in aquariums, bold patterns in your flooring tiles or bright green marble countertops, remember that over-the-top personal touches can potentially decrease the value of your home.

2. Stay away from outdoor spaces that are not climate appropriate. In Canada, the majority of us can only utilize our backyards for half the year. Additions like elaborate outdoor kitchens or tennis courts might be something to reconsider.

3. Beware of changing a room’s function. Sometimes the easiest way to decrease the value of a home is to decrease the number of bedrooms. If you plan on changing a bedroom into a theatre room or home office, consider how difficult it may be for future homeowners to convert that room back to a bedroom.

4. Re-evaluate your need to have a pool. If having a pool will please your entire family, then by all means get one. But bear in mind that a pool will likely not add monetary value to your home. Pools require maintenance and can be a safety concern for small children. These are issues potential home buyers may not want to deal with.

5. Think twice about turning your garage into a “man cave.” There is no harm in turning your garage into an entertainment den but if you ever plan on moving, keep in mind that the majority of potential buyers may prefer a useful garage.

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