Warning as popular update slashes the price of your home by $7,500
Share and Follow

While most people look to home improvements as a way to increase their property’s resale value, a number of additions can actually do more damage than good. 

The popular renovation job of turning smaller bedrooms into a walk-in closet can reduce a home’s value. 

While it may seem like a luxurious use of excess space to the current inhabitant, most buyers would place a space premium on bedrooms over a place to store clothes. 

‘Generally speaking, a walk-in-closet is a great feature – but not at the expense of an additional bedroom,’ Tyler Forte, CEO at Felix Homes in Nashville, told the realtor website Melissa Stevenson. 

Forte estimates that converting a bedroom into a closet lowers a home’s value by $7,500. That figure does not include the money put in to the project in materials and labor. 

Kris Lindahl, CEO and founder of Kris Lindahl Real Estate, agreed that is is not a wise investment move. 

‘Converting a bedroom into a larger master closet will likely not increase value because you lost a bedroom,’ he told the publication. 

Realtors also warn against six further changes that can decrease the value of your home. 

Creating a walk-in closet from a bedroom can dramatically alter a home's sale price

Creating a walk-in closet from a bedroom can dramatically alter a home’s sale price 

1. Combining two bedrooms into a master suite 

Combining two small bedrooms into a larger room – an issue that particularly effects older homes – can hit a home’s sale price. 

‘Homeowners, in a misguided attempt to make an old house more “current” combine two bedrooms into a larger one or create a master suite at the expense of another bedroom,’ Greg Kurzner, president of Resideum, explains. 

‘But if you turn a 4-bedroom home into a 3-bedroom home – when comparable homes have 4 bedrooms, the house might be worth less after the improvement.’ 

2. Irreversible customization 

The process of making a house a home often involved imposing your taste on the blank canvas of a building. However, realtors have warned against doing anything that is not easy to neutralize or change back once you decide to put your home on the market.    

‘Bright colored stone or tile, an all-black bathroom, or bright blue cabinets in the kitchen will appeal to very specific taste and are not easily or inexpensively undone,’ New York real estate broker Lisa K. Lippman said. 

‘When a buyer feels like they will need to “undo” your improvement and “redo” it over, the improvement has backfired and has likely cost you,’ Kurzner agreed. 

A home's resale value should always be considered when renovating, experts warn

A home’s resale value should always be considered when renovating, experts warn

Any irreversible customizations should not be undertaken lightly, realtors advise

Any irreversible customizations should not be undertaken lightly, realtors advise 

Tyler Forte, CEO at Felix Homes in Nashville, advises against walk-in closet renovations

Tyler Forte, CEO at Felix Homes in Nashville, advises against walk-in closet renovations 

3. Bold paint colors 

Although paint is easier to undo than other renovation jobs, buyers can still be put off by the time and expense it would take to repaint. 

‘Painting your home, either the interior or exterior, in non-neutral colors can decrease the value of your home,’ realtor Chris Fajkos, from Tahoe, California told the outlet.  

‘Current interior design trends continue to suggest that buyers want and expect neutral colors, and if you go against the grain, you may end up putting off buyers who would’ve paid top dollar for your home,’ he warned. 

4. Not respecting architectural features 

Adding features that are out of keeping with a home’s overall architectural style can significantly damage a property’s resale price. 

‘If you have a Tudor style home with diamond-paned windows, and you replace them with plain vinyl windows that don’t match the home’s style, you will decrease your home’s value,’ Georgia realtor Bill Golden argues. 

‘Yes, you have new windows, but if you’ve ruined the architectural style of the home, you have not improved its value, and more than likely you have decreased its value.’ 

Lowering ceilings can also hit home values

Lowering ceilings can also hit home values 

Adding a swimming pool can be an expensive undertaking that may never be recouped

Adding a swimming pool can be an expensive undertaking that may never be recouped 

5. Lowering ceilings 

Homeowners sometimes opt to lower a house’s ceilings to save on energy bills or to make lighting and wiring more simple. 

However, buyers tend to favor high ceilings that make rooms appear larger and more airy. 

‘Lowering ceilings has long been a simple solution for lighting, wiring, or to create a delineation between an entrance gallery and living space,’ says Lippman.

‘However, lowering a ceiling should be done sparingly, as it can also lower the property’s value.’

6. Building a swimming pool 

Adding a pool to a home can increase its value in hotter climates such as California or Georgia.

However, in cooler areas of the country a pool can be seen as an expensive liability that turns buyers off. 

‘Installing a pool can be a downside to many potential buyers, and thereby have the effect of decreasing a home’s value given the limited amount of time you can use a pool in Minnesota and the costs associated with maintenance and repair,’ Lindahl, CEO and founder of Kris Lindahl Real Estate said. 

Even in warmer climates the cost of installing and maintaining a pool may never be recouped in the resale price.

‘That’s one of those home improvement projects that isn’t going to return a reasonable percentage of the cost of the improvement,’ Kurzner argued.

‘No matter how nice the pool, many people don’t want them or the maintenance and costs associated, so that can negatively affect value.’ 

Share and Follow
You May Also Like
Elk caught on camera walking into downtown Colorado store

Elk Spotted Entering Store in Downtown Colorado

ESTES PARK, Colo. (KDVR) An elk in Estes Park decided to spend…
A muddy camp shirt and waterlogged dormitory: Texas flood in photos and charts

Capturing the Aftermath: Texas Flood in Pictures and Data

Rescuers and volunteers were scouring for survivors Monday as others prayed after…
Parents' desperate chase foils Brooklyn kidnapper's sinister plot

Parents’ desperate chase foils Brooklyn kidnapper’s sinister plot

NEWYou can now listen to Fox News articles! A would-be kidnapper who…
How to help Texas flood survivors

Assisting Survivors of the Texas Floods

() Fast-moving floodwaters killed more than 80 people in central Texas over…
City is grinding to a halt as ICE send migrant workers into hiding

ICE causing migrant workers to hide, resulting in city slowdown

ICE raids across Los Angeles have driven the migrant workforce into hiding, sparking…
Trump urged to look into US funding of Lebanese army amid accusations of its ties to Hezbollah

US champions Lebanon’s response to Hezbollah disarmament, hints at Abraham Accords opportunity

NEWYou can now listen to Fox News articles! The U.S. envoy to…
Adoring snaps show Kate Middleton break royal protocol in 'nicest' way

Lovely photos capture Kate Middleton breaking royal rules in a kind manner

Each year, millions of sports enthusiasts tune in to watch the oldest Grand…
Texas flooding victims include Dallas Catholic school sisters, camp counselor, Walmart employee

Texas flooding victims include Dallas Catholic school sisters, camp counselor, Walmart employee

NEWYou can now listen to Fox News articles! A beloved teacher and…