AVOID These Home Updates That DON'T Add Value

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Jen Sylvester

Jen Sylvester

Күн бұрын

Пікірлер: 418
@donutdomination139
@donutdomination139 7 ай бұрын
It’s not always about ROI. Being happy in your home is important. Life is short. Do what you want to your home and enjoy 💕
@mapratt
@mapratt 7 ай бұрын
@donutdomination139 She does say many times if you plan to stay in your home for a long time, do what you want! If you want to do and enjoy the modifications in spite of the cost, go for it! But if you are going to need to sell in a small number of years and you aren't wealthy/need to get your money out of the current house to pay for the next one, these things will just drain your wallet.
@nogames8982
@nogames8982 6 ай бұрын
Exactly. I hope to live in this house till the day I die. I am not updating it again. So I updated it over the last three years. Did what I wanted. Didn’t really worry too much about ROI.
@AdrienFlynn-z8q
@AdrienFlynn-z8q 6 ай бұрын
You also can’t enjoy life if you’re broke
@richardmiddleton5984
@richardmiddleton5984 6 ай бұрын
@@donutdomination139 I was thinking the same thing, but she did say at the very beginning of the video, that IF you plan on selling your home.
@snowmannyc1
@snowmannyc1 6 ай бұрын
@@donutdomination139 she was very clear “IF” your going to sell your house.
@dmitriykagan3883
@dmitriykagan3883 6 ай бұрын
Home improvement is not only value add. It is the quality of life thing.
@be5952
@be5952 3 ай бұрын
Very true, BUT(!) make sure you can afford the loss when you sell. If you can, then go ahead. Because what you say is essentially true, but most people would feel 'the pinch' of losing lots of money on something buyers won't pay for.
@dmitriykagan3883
@dmitriykagan3883 3 ай бұрын
@@be5952 you see, we talk about slightly different things. If you plan to sell and do a home improvement project "to sell the house" it's a bit different than one for yourself to live in this house for 10 years. I just did the kitchen in my house. One very costly project. If I'd do the same "for sale" I'd be done in half money I splurged on conveniences for myself.
@js6872
@js6872 6 ай бұрын
When we were looking for a house last year, anything that required my phone to use (smart lighting, thermostat, etc) immediately made it a “no” for me.
@drelle504
@drelle504 4 ай бұрын
@@js6872 Are you over 50?
@stevev1008
@stevev1008 4 ай бұрын
@js6872 I did not disclose that information with my buyer, but it's a bonus for people my age.
@patriciamays8244
@patriciamays8244 2 ай бұрын
@@js6872 Yes if your phone gets stolen please don't lock yourself out. Smart homes have smart locks also
@peace-or2cp
@peace-or2cp 25 күн бұрын
Completely agree. I was simplicity and have seen too many issues when the smart home features don't work. And the lack of privacy is also problematic.
@suemar63
@suemar63 6 ай бұрын
I concur on the landscaping . I had LAVISH cottage gardens at my previous home. It looked AMAZING. BUT--so many of the folks looking at those flowers thought---work. This was supposed to be our forever home, but we ended up having to move and those flower beds ended up limiting my pool of potential buyers. Most people prefer a few beds of shrubs and mulch. On a side note---at our new "forever" home---I am putting in AMAZING cottage / prairie borders. Some people never learn............... :)
@mavisjones4750
@mavisjones4750 6 ай бұрын
I will be selling in a few years. My gardening projects are for me and are not being done as an "investment" to sell. Started out as my way of dealing with my mother's passing (2020) and it was something I enjoyed so I've just kept at it. I always did veggie gardening but until now not a lot of ornamental landscaping. Anyway, the gardens bring a smile to my face each and every day.
@suemar63
@suemar63 6 ай бұрын
@@mavisjones4750 I'm the same. I cannot stop myself. I did promise hubby I would convert it back to grass if we HAVE to sell again. Sorry about the loss of your mom. I lost mine 20 years ago and I still miss her so much............
@Allthingsni
@Allthingsni 6 ай бұрын
😂😂😂
@merrijohnson-jones1072
@merrijohnson-jones1072 6 ай бұрын
Thanks for sharing. I purchased a home with a beautiful garden unfortunately I have a brown thumb and it cost a pretty penny to remove many plants and trees that were too close to the house. I’m sure it cost the previous owners a lot of money and time but with in months most of the plants were dead but I did keep the grapevines. Moral of the story I prefer a blank slate or a beautiful hardscape with an outdoor kitchen. A pool is nice but not sure I want the upkeep and the cost to insure is worth it but love fountains. But doing anything for your own enjoyment is wonderful if you’re not looking for a return when you go to sale.
@sonjagatto9981
@sonjagatto9981 5 ай бұрын
@@suemar63 Same after 40 Years...sorry for your loss. 💔
@zacharias.horsemanship
@zacharias.horsemanship 7 ай бұрын
I really have no reason to watch this video, but it looked interesting enough that I clicked on it. You're going to do big things with this channel. The editing is great and the content is engaging!
@savvyhomeseller
@savvyhomeseller 7 ай бұрын
Appreciate the feedback - thanks for watching!
@firesign4297
@firesign4297 7 ай бұрын
@@zacharias.horsemanship 🤣👍🏿👍🏿
@lauriemogianesi3571
@lauriemogianesi3571 3 ай бұрын
Love your show .Thank you!
@conniehanna1843
@conniehanna1843 6 ай бұрын
A good rule of thumb do not put a Mercedes in a Ford neighborhood.
@haydeecolon7868
@haydeecolon7868 5 ай бұрын
@@conniehanna1843 😁😆
@VanilAJ7813
@VanilAJ7813 3 ай бұрын
Hey what’s wrong with Ford !!
@sandragiven4752
@sandragiven4752 28 күн бұрын
Depends!
@Ephemeral2023
@Ephemeral2023 5 ай бұрын
My landscaping and kitchen updates sold my house. Curb appeal. First thing I did was take the buyers around the backyard, and they gasped at how beautiful it was, not realizing the maintenance. From there, I took them thru the side door into the kitchen. The kitchen updates were done as needed. At that point, I could tell that they were sold on buying it. The interesting thing is they approached me about buying the house before I even thought of selling it. They planted the seed in my head that I should pack up and buy something smaller. And I did, with no regrets. It was a FSBO. No broker fees.
@UCQQdmntLgp7x7tuRZojCwUA
@UCQQdmntLgp7x7tuRZojCwUA 6 ай бұрын
Only point I disagree on is turning the garage into a gym doesn’t prevent the next owner from parking a car in the garage. When I move the gym equipment moves with me and it’s right back to a garage.
@lisser7
@lisser7 4 ай бұрын
@@UCQQdmntLgp7x7tuRZojCwUA in that case I would say you didn’t “turn” the garage into a gym, you just used a garage space for exercise equipment. I think she’s talking about changes that actually alter the space and change how it can be used. It’s like using an extra bedroom as an office, it’s still a bedroom that is just being used for a different purpose, when you go to sell you’d still call it a bedroom because it is, regardless of how it was actually used.
@bukboefidun9096
@bukboefidun9096 6 ай бұрын
We spent $58k on kitchen upgrades. We won't see 1/2 that back but we are pleased. Paid cash.
@savvyhomeseller
@savvyhomeseller 6 ай бұрын
At the end of the day - your enjoyment of your home is the number one priority.
@Pinnfeathers
@Pinnfeathers 2 ай бұрын
What is the point of owning your own home if you’re making decisions about how you live in your own home right now based on some future buyer’s unknown tastes and preferences? Too many homeowners fixate on resale value, even those not planning to sell anytime soon. Enjoying your own home just as YOU like it is worth whatever money you are willing to spend on it, imho. The joy of home ownership in a house meant just for you is priceless, and life is too short to live in a boring, bland, beige box just because someone on HGTV said it’s what future buyers might want someday. Accept the fact that your house is not a piggy bank. You may never get back what you put into the house in order to make it your own. Do whatever makes your heart sing to live there anyway. You are worth it.
@janc8199
@janc8199 4 ай бұрын
You do the improvements for yourself not anyone else. My neighbor sold their home..The house was dated nothing special..it however was very clean and the outside nicely manicured..He got his asking price of $603,000. The new owners ripped out the whole house and made it their own.
@wt9653
@wt9653 7 ай бұрын
Don't ever say you're not selling the house. I said that for years. After retirement, I moved to sunny Arizona. I had a DIY solar power system. I packed it all up and took it with me.😊 A permanent fixture with your roof mount solar panels is a bad idea. You try to blend it in with your landscape. Mine was a deck rail mount and a large shed roof mount. I had an immediate benefit from my solar power system. The DIY only cost me about 5,000 dollars after Federal tax credit. My power bill is only 20 cents per day 😊
@keekers
@keekers 6 ай бұрын
I love the idea of the deck rail panels! How big was your home for 20 cents a day? My husband and I are adding on to our home. We have solar panels on our shed, I hated the thought of panels making this beautiful home he built me look bad. I like the idea of the deck railing panels!
@russellmusictv4403
@russellmusictv4403 3 ай бұрын
Nothing wrong with a good roof install, otherwise groundmount is best bet if you have the lot or land.
@sorbabaric1
@sorbabaric1 7 ай бұрын
I’m glad you included the timeline someone plans on living in their home. I chose paint colors for myself. I had to explain to my sister I don’t plan to sell in the next 5 -10 years, so I’m creating the house I want to live in and love. Not for some other hypothetical buyer in the future. This is a very useful video, glad you examine the math involved.
@savvyhomeseller
@savvyhomeseller 6 ай бұрын
So glad the information was helpful!
@marthalimon5137
@marthalimon5137 6 ай бұрын
Live for the moment and do what makes you feel good about your home ❤
@savvyhomeseller
@savvyhomeseller 6 ай бұрын
Thanks for watching!
@otockian
@otockian 7 ай бұрын
I've sold 5 homes without realtors on my own and I know a thing of two. One the pool thing is a mixed bag, while it does push away buyers who don't want a pool or are scared of the maintenance it also attracts buyers who specifically want a pool, and ones that are willing to pay a significant premium for a home with a pool and are willing to pass up other options that are in better locations, etc. So yes it can push some away, but it can also be a huge decision maker for some. The key is to list it VERY clearly on websites and in the listing that it has a pool to not attract the wrong buyers in the first place.
@kevinmach730
@kevinmach730 7 ай бұрын
I see your point, but you could kind of say that about any property feature. What is a big selling point to someone is a hard no to another.
@AutumnMoonlight95
@AutumnMoonlight95 7 ай бұрын
It also depends on where you live. We're in Texas so a pool is a big bonus since it can be used most of the year.
@Daysleeper1000
@Daysleeper1000 7 ай бұрын
@@AutumnMoonlight95 yes! I'd love a pool right now 😍
@kevinmach730
@kevinmach730 7 ай бұрын
@@AutumnMoonlight95 100 percent.Here in the midwest you're luck to get 3 months out of them realistically, what you account for rain. I would love a small one at my own place just to float around in, but it's just north worth it to me for that short of period.
@karenstasik2979
@karenstasik2979 6 ай бұрын
I'm in Florida and many people have pools. I'm still debating whether to add one on my property. But I'm the type that looks at property for sale all the time. I am convinced that I will not buy another house in Florida unless I have a pool. The length of time and disruption of putting one in is too much at this point. But if I were to move, I would only consider a house that has a pool.
@marisollopez-caldwell8137
@marisollopez-caldwell8137 7 ай бұрын
Wonderful advice I must say we were so blessed that we sold our home which had salt water in-ground pool n Jacuzzi n landing with bubblers for young children enclosed fenced yard,cameras system, screened garage ,gutters, wrap around driveway we redid the pantry ,butler in master, plus some upgrades when we purchased the home n we got it all back including the sale of home and paid off our mortgage n a profit ....So happy we blessed someone else all they had to do was turn key n enjoy life
@AmberCole-j8h
@AmberCole-j8h 5 ай бұрын
i just spent 11 minutes watching this at work and regret nothing. i watch a ton of realtor videos in my line of work and this is exceptional work. so informative and such great delivery. let me know if you ever need any freelance work done!
@karenstasik2979
@karenstasik2979 6 ай бұрын
I moved to Florida and thought I found my forever home. I replaced the roof and put in impact windows, which were necessary. But I put an elaborate solar system on both the house and the barn. A year later I had to move and I did lose money on that solar system. But the people who moved there got a great deal.😢 I believe in solar so much that I ended up putting a system on my current house in central Florida too. On my old home when hurricane Ian came through, my daughter was still at the old house. The neighborhood was out of power for 2weeks, but she never lost power because of the solar.
@bruh_hahaha
@bruh_hahaha 7 ай бұрын
so don’t turn my dining room into a Pirates of the Caribbean tavern?! NoOoOoOO!!!!
@kevinmach730
@kevinmach730 7 ай бұрын
Absolutely do that. I would buy it.
@firesign4297
@firesign4297 7 ай бұрын
😂
@dastrnad
@dastrnad 4 ай бұрын
@@bruh_hahaha OMG. I am not letting my husband read this comment. He would absolutely want to do that haha.
@nogames8982
@nogames8982 6 ай бұрын
My house is a 690 square-foot Craftsman built in 1900 I live in a lower middle-class neighborhood. In other words, nothing fancy. So when I did updates in my house, I didn’t go overboard. Mostly because my budget wouldn’t allow it, but also because the neighborhood would not support it so to speak. So now everything is updated. Cl we did completely got the bathroom and the kitchen and updated them. But not fancy, I did not put in the quartz countertops. I did not put in real hardwood floors. But that’s OK. And I painted all the rooms in my house bright vibrant colors. I love it.
@ChicaG-vg7pj
@ChicaG-vg7pj 7 ай бұрын
I heard an amazing story about story about custom paint colors. My friend's aunt had lived for a couple of decades in Peru. She ended up returning to Canada, and bought a home. The previous owner had painted a feature wall in each room. The feature walls were all solid, intense colors that would be extremely difficult to cover with new paint. There was even a solid black wall. (This was back in the 80s, so I'm not sure what products would have been available at that time to deal with this.) Aunt calls her sister, my friend's mom, to come and help her. My friend's mom was a wizard and really should have been a professional decorator. Mom ends up going through her sister's artwork from Peru, and decides there isn't any need to repaint! Peruvian art is generally colorful and primary colors, which went with the primary colors of the walls. She helps her sister arrange her Peruvian treasures to showcase them to advantage. My friend said it was amazing, and she loved to go over to visit and admire. Of course this isn't going to work for everybody. But it goes to show that there are solutions that can work depending on your situation.
@karinbinnie1862
@karinbinnie1862 6 ай бұрын
The previous owner of my house painted all the niches and accent walls in catsup red. It took 3 coats of paint to cover them.
@sparksmcgee6641
@sparksmcgee6641 6 ай бұрын
@@ChicaG-vg7pj prime and paint that's it.
@ChicaG-vg7pj
@ChicaG-vg7pj 6 ай бұрын
@@sparksmcgee6641 I would imagine that paint formulations have changed a lot over the years. At that time, that didn't work. I knew a family that bought a home where the kitchen cabinets were painted dark red. They tried to paint over, and red bled through. They ended up refinishing the wood, and starting from scratch.
@sparksmcgee6641
@sparksmcgee6641 6 ай бұрын
@ChicaG-vg7pj yeah the last 20 years has been amazing for paint.
@becthorn
@becthorn 6 ай бұрын
One thing I learned when it comes to renovations, spend the extra money in hiring good, licensed contractors and getting proper permits. We added a huge deck that was partially built over a septic system even though we placed an access door to get to the septic system. Also, built a double garage without a permit. When we sold the house, we gave an allowance to the buyers to bring the deck up to code so we lost money. The irony in it all, the deck and the garage is what the sold the house.
@AKSingh-leader-storyteller
@AKSingh-leader-storyteller 7 ай бұрын
Excellent advice and loved the moment of clarity at the end. It is not an investment- enjoy the home you live in. So many of us get confused on that simple fact.
@savvyhomeseller
@savvyhomeseller 6 ай бұрын
Appreciate you watching - thanks for the feedback!
@charlesking678
@charlesking678 7 ай бұрын
This is all good advice, but America has a problem. A house use to be bought for a place to live, but now people look at their homes as investments. Turn your house into your home and live your life as you see fit. YOLO!
@KylePhillips-ww2li
@KylePhillips-ww2li 6 ай бұрын
@@charlesking678 And gain on the appreciation.
@KathleenDiGregorio
@KathleenDiGregorio 6 ай бұрын
@@charlesking678 I agree with you. RE agents aren't the best source of information for what adds to the homeowners enjoyment of a home.
@emilcasas2707
@emilcasas2707 6 ай бұрын
@@charlesking678 💯
@IOeste80
@IOeste80 6 ай бұрын
Amen!! A house is supposed to be a home. We are never satisfied.
@mrjomaled755
@mrjomaled755 6 ай бұрын
Thank you for your advice. It makes a lot of sense. I have met people who spent a lot of money on renovations that don't add to the overall appeal to the house. Keep things simple and timeless.
@savvyhomeseller
@savvyhomeseller 6 ай бұрын
Thanks for watching!
@Czechbound
@Czechbound 3 ай бұрын
*New Subscriber* : That was a very sensible, practical list. I especially like the overall mindset of thinking about what appeals to people versus what appeals to you. Neutral colour palettes; unfussy gardens; no pre-existing lease obligations etc. And I fully agree with the dictum of not having the best house in the neighbourhood. Better to have to worst house in the best neighbourhood from that standpoint. The one improvement I've seen that nobody cares about, and even long term homeowners that I know who've done it _never_ use it is a sound system wired into the house. Miles of expensive cables, (to me) ugly speakers in the ceilings in every room and it's _never_ used. All the best, and greetings from Prague, CZ
@chiplangowski3298
@chiplangowski3298 7 ай бұрын
All of these videos/articles always list the ROI on renovations as a percentage of what was spent. In other words, nearly all return less than they cost. Do the upgrade for your own enjoyment, and only if you plan to stay in your home for a long time. None are actual investments.
@juliatarrel1674
@juliatarrel1674 6 ай бұрын
I live in an old house, in a neighbourhood that is actively gentrifying. Our house will be knocked down when we sell. Bear that issue in mind when you're thinking of changes as an investment.
@mcwendel8066
@mcwendel8066 6 ай бұрын
Great info! We recently converted our sunroom into a fully insulated, heated and air conditioned space and it is where we spend most of our time. I’m in a nice neighborhood in Chelmsford Ma so I feel it was worth it. I’m also 43 with a 4 and 1yr old and don’t plan on moving anytime soon
@savvyhomeseller
@savvyhomeseller 6 ай бұрын
Since the sunroom is now a 4 season room, it’ll be considered living area and add to the value of your home. Awesome! Thanks for sharing!
@mrjim1044
@mrjim1044 6 ай бұрын
I think your advice is really good and agree on all points. I have an 1800’s 8 bedroom house in the northeast and made sure the exterior is perfect but the interior still needs a little help which I am working on. The yard is large but I keep it easy to maintain.
@lklpalka
@lklpalka 7 ай бұрын
So right about pools and pit patios, Jen. A neighbor here in S Delaware had to FILL IN his pool to close the buyer. They didn't care that it also had the grill and party pit. Ouch. $85,000 + 4,500 a year is a lot of $$ per dip. Gardens too...a friend finally withdrew her home because her lovely gardens with 23 separate sprinkler shutoffs was too scary for several qualified buyers who would have bought without all that. My technophobe spouse hates smart lights. I love them. Fortunately we're not selling :)
@lisabracken273
@lisabracken273 7 ай бұрын
Thank you for being honest about solar panels
@savvyhomeseller
@savvyhomeseller 7 ай бұрын
Appreciate your feedback - thanks for watching!
@chiplangowski3298
@chiplangowski3298 7 ай бұрын
Simple common sense. Solar is one home improvement for which the return on investment can be calculated in advance. If you plan to sell before the payback, don't do it. If you can't pay cash, don't do it. Never, never, never lease.
@iztherelife1340
@iztherelife1340 6 ай бұрын
We installed our own No regrets But we got the tax breaks And I use my ovens all day baking for a cottage bakery I run out of my home So our payback is a little sooner. It makes more power than we use most days but we don’t sell to elec grid. We have the system that can supply power even when grid is down which is our desire since we want power always to our freezers and walk ins
@kevinnottim
@kevinnottim 7 ай бұрын
This is stellar content! Super practical, actionable and intelligent. I'm a first-time homebuyer with a strong finance background but zero real estate experience. This really jives with the way I use my finance chops to make sense of unfamiliar real estate decisions. Can't wait to see what other content you put out!
@savvyhomeseller
@savvyhomeseller 7 ай бұрын
So glad you found it helpful!
@mistylee717
@mistylee717 6 ай бұрын
I’m in Alabama and I have a rule: I will never ever move into a home without a sun room. It’s too hot here to enjoy the outside from May to October.
@katmustea4391
@katmustea4391 6 ай бұрын
@@mistylee717 yeah in the a north I hate the insects! Need a sunroom to enjoy outside in peace. Wasp, flies and mosquitoes are A**holes. They don’t respect you.
@H37P5kY57
@H37P5kY57 4 ай бұрын
I'm from West LA so swimming pools are pretty common. After seeing it really not be used so much as the kids get older - it's such a waste of time and money. Plus in West L.A. you can just head to the beach, public swimming, hotel pools or go to a friend's home, so I don't see any reason why people who don't have kids and need to penny pinch would ever consider a pool.
@williamolsen8517
@williamolsen8517 2 ай бұрын
Jen, one improvement that I would mention is paving your driveway. Or resealing it if well faded.
@BluePatriotWinner
@BluePatriotWinner Ай бұрын
Ouch! My single car driveway in south fl was next to a giant tree that came down in 2006 hurricane. Minor cracks then are now much larger and has even a crevasse where parking over it has damaged undercarriage of car. 😢 Has to be replaced not repaired. Might be 10k😭to improve that curb appeal.
@ksoriano9766
@ksoriano9766 6 ай бұрын
She is right about solar panels. I installed them on a new home we thought would live longer and we were moved after 4 years I had to pay for them and the lien on the house was a headache. Not to mention I got zero return on those
@dixiecho3338
@dixiecho3338 6 ай бұрын
short, simple, and right to the point. Thank you
@savvyhomeseller
@savvyhomeseller 6 ай бұрын
Thanks for watching!
@DougCeleste
@DougCeleste 7 ай бұрын
Jen, another GREAT video and thanks for sharing your words of wisdom! I am NOT a fan of solar panels for so many reasons and pigeons LOVE them for shade which can create roof rot issues. I ripped out the old carpet in the bedrooms and was not sure what flooring I will put in but you made some GREAT points about that in this video.
@savvyhomeseller
@savvyhomeseller 7 ай бұрын
Thanks for watching - so glad you found value in the content!!
@DougCeleste
@DougCeleste 7 ай бұрын
@@savvyhomeseller Jen, there are tons of people on KZbin sharing their real estate tips but you, Audra Lambert and Albert Finney are my favorites as you share your most valuable real estate information with consumers. Thanks for your help and keep up your fine work in your videos. 😎
@merrijohnson-jones1072
@merrijohnson-jones1072 6 ай бұрын
Thanks for sharing I think a clean refreshed home sale faster than untidy, dirty, unkept homes period. As far as any upgrades I think they’re great but not if it’s added to the sales price of the home and one is trying to sale there home for more than any house in the neighborhood in order to recoup the money that you spent making the upgrades. Paint, repairing any damage to your home and cleaning inside and out goes a long way. Smart homes just mean added upkeep for most older buyers. As for as solar I don’t think you ever get your money back or safe if you are the one installing unless you’re a very young family buying your forever home. As an older adult I don’t qualify solar because I have whole house fans in the attic and painted with cool colors I also insulated all my interior walls and stone on floors which believe me works better than solar. Thirty five hundred square-foot home never had a utility bill over $40.00 in the summer months and I live in the low desert in southern Cali so 110 today I feel very cool inside at 70 degrees. I can’t wait for my senior discount to come in play. I really think it’s the insulation that keeps my house cool in the winter and warm in the winter. Everyone thinks I have a very quiet AC but I have never used it in the 15 years that I’ve lived here in-fact I wouldn’t know how to turn it on if I needed to 😅
@alexlanning712
@alexlanning712 3 ай бұрын
Here in Australia pool ownership is getting second thoughts by people who once thought they were a "must have"
@OriginalBernieBro
@OriginalBernieBro 7 ай бұрын
Just saw this open house that had a pool and the biggest outdoor kitchen I’ve ever seen it was larger than the one indoor seems the owner has a boat and they cook the catch by the pool. The backyard with the pool is larger than the house itself.
@SonicBoomC98
@SonicBoomC98 4 ай бұрын
I definitely agree with the combining of rooms. The house across the street from me they took out part of a laundry room and dining room to add to bedroom and bathroom to a home that's pretty small. They did a major upgrade to the original bathroom. It didn't sell(owner was probably out of town). They ended up just making it a rental, but people never stayed long because even the rent was high for the neighborhood. You probably could take that same house and put in one of the poorer neighborhoods and no one would be able to tell the difference other than bathroom upgrade and the fact it probably has an extra bedroom and bathroom compared to others. I guess they really thought another bedroom and bathroom was going to make a huge difference. People care about rooms, but they also care about square footage and the outside look of the home
@missbttrsctch
@missbttrsctch 6 ай бұрын
VERY valid points here! I, personally, NEVER understood buyers complaining about the paint colors in a home. UNLESS MULTIPLE rooms are painted in some off-the-wall color (see what I did there?), the buyers should just work that into their diy plans for the property! One or two rooms painted in a shade of grey that you don't like is NOT a good reason to turn down a home, nor is it a good reason to get into a haggling war, in my opinion.
@PAHighlander24
@PAHighlander24 6 ай бұрын
I got fed up with the tv programs of realtor taking buyers on house hunting expeditions and buyers unable to see beyond paint or carpet colors to see how good the houses and properties were. Eventually the rooms need to be painted and carpets replaced anyway.
@missbttrsctch
@missbttrsctch 6 ай бұрын
@@PAHighlander24 I agree with you!
@l.5832
@l.5832 5 ай бұрын
I know! Every home I've bought (5), I repainted and unless hardwood was in place, the flooring was changed as well. It's part of moving in.....
@missbttrsctch
@missbttrsctch 5 ай бұрын
@@l.5832 we are definitely in agreement!
@MuhanadOmar
@MuhanadOmar 6 ай бұрын
I’m glad you ended on the note you did. We chose a home that we want to live in, enjoy life, and hopefully pass down to our children. Other properties will serve as investments, and your advice is solid for those, especially things like solar panels and highly customized features. For a primary home, I like to prioritize happiness and personal preferences over ROI, but still agree on things like intense paint colors and carpet 😅
@warrenranstrom4462
@warrenranstrom4462 4 ай бұрын
I sold my last house based on my front porch alone. People like a nice front porch for some reason
@lynndupree1205
@lynndupree1205 5 ай бұрын
If your property is in Florida or California a pool is a definite added value. Anywhere else it's questionable. Except maybe very high end coastal areas. Rule of thumb, if all the neighbors have a pool go for it.
@kimlewis2460
@kimlewis2460 7 ай бұрын
Great content, I'm happy you stated not to finance home renovations. IMO its better to pay off that mortgage first than cash flow those renovations 😊
@savvyhomeseller
@savvyhomeseller 7 ай бұрын
Thanks for watching!
@gdelete8098
@gdelete8098 5 ай бұрын
Pools are way more expensive today than they were 5 years ago. That theory may have been true pre-covid, but I've seen (also in the NorthEast) homes sell for way more than they should because buyer's knew it was not only 2x or more expensive to install today, but also that it could take a year or two to get a reputable builder to put one in.
@kjhnsn7296
@kjhnsn7296 3 ай бұрын
@@gdelete8098 Pools are an iffy thing in the Northeast. You really only get to use them 3 months out of the year. And may need to heat the water during some of this time!😄
@kleoqwer
@kleoqwer 3 ай бұрын
Good advice! It took us a while year to replace a sunroom with a proper home office room/guest room. It cost us 3 times more than we were told at the beginning. In money prospective, we lost so so much, but we are happy with this living improvement. We could have spent much more, if my husband hadn't done many constraints work himself.
@ScottiveNatish
@ScottiveNatish 2 ай бұрын
Great video! Wonderful advice. We will remodel soon following most of these tips. Leaning towards traditional elements vs. trends. I want to be done for a LONG TIME.
@savvyhomeseller
@savvyhomeseller 2 ай бұрын
Fantastic!
@vociferonheraldofthewinter2284
@vociferonheraldofthewinter2284 5 ай бұрын
8:10 My daughter painted her entire house in BOLD primary colors. The living room had one red wall, one yellow, one blue, and one orange. I'm talking Crayon colors. It looked like a primary school. When I've looked to buy, I've never taken colors into account. It's just paint and I'll want to choose my own to freshen the place up, anyway. But it didn't go like that for her. She ended up having to throw in the cost of painting the house in order to close. That meant a professional painter and that wasn't cheap. I do have to say, I warned her. Had she done the work herself before listing it would've cost a fraction of what it did.
@l.5832
@l.5832 5 ай бұрын
Ordinarily paint colour would not bother me because I repaint any house I buy. However, very bold primary colours can be a nightmare to cover even with the best of primers....so yes....don't do it.
@firesign4297
@firesign4297 7 ай бұрын
🤗Upstate NY Home Owner Here ... Thinking Of Selling within the next year... And Your☺️ information 🤗 Excellent!!!👏🏿👏🏿👏🏿👍🏿👍🏿
@savvyhomeseller
@savvyhomeseller 7 ай бұрын
Appreciate the feedback - thanks for watching!
@zakkaryzoah1386
@zakkaryzoah1386 Ай бұрын
Here in Las Vegas, solar is standard on new builds. It really makes a difference in our summer energy bills. ☀️
@monah5532
@monah5532 5 ай бұрын
Great video, Jen. Loved how you highlighted the difference between a home and a house.
@savvyhomeseller
@savvyhomeseller 5 ай бұрын
So glad you enjoyed it!
@l.5832
@l.5832 5 ай бұрын
Totally agree about the sun room. I live on the west coast of Canada, so the winters are mild, but it was far too cold out there in the winter, but in the summer it was way too hot to be out there past 10am. So there was really a limited number of months that the room was usable. The cats liked it, though. Every home I ever bought I repainted. you pretty much have to if the former owners hung any pictures, I when I am viewing a home I completely disregard any colour schemes on the walls because it's a given that will be changed.
@celieboo
@celieboo 7 ай бұрын
We purchased (not leased) a solar panel system in 2020. It was one of the best decisions that we've ever made. For example, Duke Energy is currently requesting a 26% rate hike in my state. Never lease solar panels.
@82dupont
@82dupont 6 ай бұрын
@@celieboo …My neighbors solar panels caught fire and burned his roof to the point that he needs it replaced.
@katerineenid
@katerineenid 7 ай бұрын
We almost didn't buy our house because it had a huge pool. We ended up buying the house, and we covered up. That was the best decision ever.
@jayc4715
@jayc4715 7 ай бұрын
Dumb
@wallihaley5194
@wallihaley5194 7 ай бұрын
@@jayc4715 , why? Not everyone wants a pool. Everyone I know who has one no longer uses it but still has to pay a lot of money a year to maintain it.
@kevinmach730
@kevinmach730 7 ай бұрын
Pools and hot tubs should always top the list. Hot tubs less so, but if you have decks or property features built around them, it can be a problem. Pools are work, money, and a liability. I would suspect half of all potential buyers don't want one for various reasons.
@laraantipova389
@laraantipova389 7 ай бұрын
I live in metro Atlanta and pools are very dumb IMHO. I have known several people to have them and they are too much work to really be worth it. On top of that you can buy a membership to most clubs for $1000 a year and have access to a pool much cheaper, but also have no work or money you need to sink into it.
@thatsrealroughbud...2394
@thatsrealroughbud...2394 6 ай бұрын
@@jayc4715 A leading cause of child mortality in the 7 and under category is DROWNING. No body of water will be around my property until my kids are old enough to stay at home by themselves and are strong swimmers. Period. You can do what you want, other people have valid wants and concerns even if you don’t share them.
@Baileyville112
@Baileyville112 6 ай бұрын
Thank you, Jen. Great video, very informative. I'll refer to the notes I took when I speak with my designer, my realtor, and my financial advisor!
@mamatosh05
@mamatosh05 7 ай бұрын
This was a good watch. Thank you for sharing.
@savvyhomeseller
@savvyhomeseller 7 ай бұрын
Thanks for watching!
@Bourneinlight
@Bourneinlight 3 ай бұрын
Very informative as a first time home buyer .
@christinabSF
@christinabSF 3 ай бұрын
Something less quantifiable, improvements don't always give you an obvious ROI in the price tag, but can determine how quickly a house will sell. An over-improved house might not go for more but might go quicker than most which can save money in the end. And if you want a fancy oven (or Mercedes) and can afford it GET IT!!
@blujeans9462
@blujeans9462 7 ай бұрын
Your suggestions are so much better than most realtors - maybe because you are in the northeast, too, whereas others are in the west, south, etc. I appreciate this because I'm moving into a house that I am not sure how long I'll be staying. I tried to sell it last year with no luck - so I do plan to do a few things to make it a bit more marketable in case I decide to list again.
@savvyhomeseller
@savvyhomeseller 7 ай бұрын
I really appreciate the feedback - thanks for tuning in!
@CarissaPrice
@CarissaPrice 3 ай бұрын
Fantastic insights. Really liked it. Thanks
@hemantishwaran5741
@hemantishwaran5741 3 ай бұрын
Here in Miami new owners will typically gut out a house and redesign from scratch. Therefore almost all *interior* updates are loss of dollars. I updated my exterior, steel roof, curbside appeal landscaping and impact doors and windows but did not touch anything inside. Now after 12 years planning to sell as is.
@kenrichmond6906
@kenrichmond6906 7 ай бұрын
Great advice! Thank you for the video!
@savvyhomeseller
@savvyhomeseller 7 ай бұрын
Thanks for watching!
@user-qp7qu7hl1q
@user-qp7qu7hl1q 7 ай бұрын
Building a kitchen outdoor right now. Bbq & griddle. It will be glorious. Saved money cause I did the research and acquired the appliances myself. Got a contractor simply for the labor.
@whomeye2168
@whomeye2168 6 ай бұрын
The labor is the most expensive part usually! My kitchen wasn't large. The quote for vinyl plank flooring installation was 10 k dollars! I was like, WHAAAT?! It was the cost of the vinyl flooring and the ridiculous hourly rate! I am studying right now to diy things. It is so much cheaper!
@TasmaBaton
@TasmaBaton 5 ай бұрын
I’m doing an outdoor kitchen now. I had to add concrete to expand the area and an entire wall to block the wind. I did 3 big windows and matched the exterior stucco to match the house- I’m SURE I’ll enjoy it and it makes my cooking area so much bigger
@wellwoman5686
@wellwoman5686 6 ай бұрын
I’m surprised at how many people think they should make a huge profit on the sale of their house when they have not lived there very long at all. We do things to our home because we want to, without any expectation of getting the money back.
@JM-fk5hh
@JM-fk5hh 2 ай бұрын
We have been in are home for 22 years, have done numerous updates in the last 5 years since retirement, wasn't sure we were going to stay here, but made the decision to not relocate, in last 5 years, added hole house generator, wife on oxygen 24-7, had new furnace, ac unit and hot water tank installed, had new carpeting installed 2 years ago, we have a hard time with hard surfaces, agree hardwood is nice but not good for are situation, Ceramic tile in foyer, I painted the entire inside of the home two years ago with neutral colors, looks nice, also we just had a new roof singles installed a few months ago, hoping to stay here another 5-10 years, next person can change flooring, we have it the way we like it.
@tollbridgeahead1034
@tollbridgeahead1034 6 ай бұрын
These are very timely information that I need so much. Thank you.
@savvyhomeseller
@savvyhomeseller 6 ай бұрын
Appreciate you watching!
@LuisArcadia641
@LuisArcadia641 2 ай бұрын
A real estate property is location and land size. Whoever buys the home will not really care what you've done to it. Whatever update you do to your home, do it for yourself and yout happiness, do not expect to make any profit form it.
@krystel2856
@krystel2856 2 ай бұрын
Agree re: solar panels. I put them in. It was a big mistake!!
@dell7990
@dell7990 2 ай бұрын
Swimming pools in a suburban house is 90s.. Only the super rich in mega mansions can have a pool.. i had a pool i covered with dirt back in 2001.
@cassandrafine6373
@cassandrafine6373 6 ай бұрын
Good info re carpet and bathroom updates. We have carpet throughout, and I want it gone. Our 3rd bedroom is storage and aspace for the cat litterbox. We had a dog, and she tore through the carpet and peed on it, so it was removed. New hardwood or laminate floors will improve the issues around allergies as we have a cat (not allergic), and I'm tired of the hair and other things that go along with owning that creature!!.
@lcmi
@lcmi 5 ай бұрын
Loved this video and thank you!
@francescotenti193
@francescotenti193 6 ай бұрын
My #1 rule which I would never dream to break: never, never, never barrow against the equity of your home!
@lauralaforge558
@lauralaforge558 6 ай бұрын
@@francescotenti193 idk my husband decided to refi cash out to build a pool. He did it so our monthly payment was the same (got lucky with improvement on interest rate). Pool added a bunch of value to the house and we still have about 75% equity (25% LTV).
@naomiemoore5725
@naomiemoore5725 6 ай бұрын
@@francescotenti193 I did several times and on several homes. Just depends on how good one is with money in general. Each was a temporary situation and was not intended to take years but only months.
@skatefan9495
@skatefan9495 5 ай бұрын
It's your rule, but using equity to improve your property or another property can be a smart investment. Just make sure you can afford the increased mortgage payment.
@carolynstewart8465
@carolynstewart8465 6 ай бұрын
Thank you! Great presentation!
@lakeishacriswell9209
@lakeishacriswell9209 7 ай бұрын
Hello from Boston…this helpful as undergoing major renovations
@savvyhomeseller
@savvyhomeseller 7 ай бұрын
Glad it was helpful! Good luck with the renovations!
@TheVinsere
@TheVinsere 5 ай бұрын
Excellent information. Thanks
@petenrita
@petenrita 3 ай бұрын
Excellent video. Will seek out more of your videos
@savvyhomeseller
@savvyhomeseller 3 ай бұрын
Glad to have you here!
@keekers
@keekers 6 ай бұрын
I believe the smart technology tip works for anyone, staying or selling. It always amazes me how people see game systems updated and made obsolete all the time, be surprised when their smart technology becomes obsolete.
@ao969
@ao969 3 ай бұрын
Thanks Jen
@juliahelland6488
@juliahelland6488 6 ай бұрын
Thanks for sharing this! 💯
@savvyhomeseller
@savvyhomeseller 6 ай бұрын
Appreciate you watching!
@hoots187
@hoots187 6 ай бұрын
Solar Panel ROI is also affected by the power companies pricing tiers, which changes to may adversely impact your forecasted ROI. You also have to opt-in for example in CA for solar panel tier pricing!
@davidbutton880
@davidbutton880 3 ай бұрын
SOLAR PANELS. Solar benefits are well understood by younger home buyers. In Massachusetts, houses with solar increase a home's value by 4.1%. With a current lease agreement and no cost to install, I have an 8 KW system at 23 cents a KW for 174 $/ month that covers my electricity and mini splits heat and cooling year-round. The current National Greed rate per KW is 41 cents, so I save 50% now. It is estimated in 10 years that, my cost per KW will be 10% of National Grid as my escalator is only 2.99
@Virginia-vn7ud
@Virginia-vn7ud 3 ай бұрын
Not everything is about adding value/ money to your home but you may just want to do what you like and makes you happy not just $$$$$$$
@savvyhomeseller
@savvyhomeseller 3 ай бұрын
Completely agree 👍🏻
@AskMadden
@AskMadden 6 ай бұрын
Great stuff Jen. I work in the solar industry and need to let you know that your statement about “less of a credit with the electric company” is incorrect. Most utilities don’t differentiate your net metering credits based on whether you own or lease panels. The only “credit” differences are the incentive programs offered to subsidize the cost of the solar. It’s an easy confusion.
@alexlanning712
@alexlanning712 3 ай бұрын
sensible advice which can on give good outcomes
@kaybeauty2134
@kaybeauty2134 6 ай бұрын
So informative thank you appreciate it
@reginaldhall5471
@reginaldhall5471 3 ай бұрын
I live in North Texas and wanted to know if my 30x40 insulated, heated/ac shop adds any value to my home
@janiceestes9518
@janiceestes9518 6 ай бұрын
I am from MA but now live in the south. I bought my new home a ranch with 2200 square feet. Nice home, but now I had custom closets all installed. Everyone who comes to my home say they want them in their home. I have a lot of usable well-designed closets. What do you think on the return if I ever need to sell? I know it will be a great selling aspect but concern about the return value.
@savvyhomeseller
@savvyhomeseller 6 ай бұрын
Hard to say - but custom closets TYPICALLY don't add a lot of monetary value. However, they could very well help the house sell faster.
@lindabuck2777
@lindabuck2777 6 ай бұрын
Well, the wives or women will be VERY pleased! Men could care less, unless gay lol. I worked for an Historical Preservationist/Remodeling/ Dangerous Materials business. I learned a lot! Even today some items may become ‘banned’. As time and trends move along DO remove any and all carpet-it harbors the very WORST health issues period. Not to mention the chemicals used to keep them ‘stain free’ dog and kid friendly IS NOT! Research is necessary. Thank you for great info!🙏🏻🤔
@jonathandalton7012
@jonathandalton7012 6 ай бұрын
I love the green energy earth saving comments…then she says but you have to be practical lol.
@ayyong
@ayyong 3 ай бұрын
Excellent video. Is there a rough rule of thumb about what percentage of the home value is appropriate to spend on a renovation?
@savvyhomeseller
@savvyhomeseller 3 ай бұрын
Appreciate the feedback! That's a difficult question to answer - it depends on what the renovation is, what your goals are (ROI vs personal enjoyment) and what the value of your home and renovation is in your neighborhood.
@castorcastortroiy
@castorcastortroiy 3 ай бұрын
After all the work i had done to my house. Do you think i wll let the bank tell me what's the value of my house? Hold your ground and don't let them fool you. ❤
@rebagandy1133
@rebagandy1133 6 ай бұрын
Thank you so much for the advice.💯
@raul350raptor
@raul350raptor 5 ай бұрын
My rule for swimming pools is buy a house with a pool, never ever build a pool because you will lose the majority of the money spent on it. My home is valued about 5-10% more than the houses in my area because of my swimming pool, but I didn’t build the pool so it’s good for me.
@lauralaforge558
@lauralaforge558 5 ай бұрын
If you're comparing two identical tract houses and one has a pool and one does not, ok. But that is very situational. We got super lucky on our current house. It has probably in the top 5% best views in our city. My husband refi'd taking money out to get a $50k pool. Because of more favorable int rates, our monthly payment was the same. And we currently have over 80% equity in the house. I am so thankful that we didn't get a worse house just because it had a pool. And a lot of the pools in our area are older. We got to pick everything on the pool which was great. I think it just shows that any advice in general is just something to consider. Having it as an actual rule with no exceptions would be silly. In our case not getting our current house would have been a huge mistake. We're thinking of moving to a different climate and everyone is like why would you want to give up your house?
@richardmoss5546
@richardmoss5546 6 ай бұрын
Hello thanks for the informative video. Is the inverse true when combining rooms. If you were to make a 1 bedroom into two would that work?
@MikeA1
@MikeA1 6 ай бұрын
Great video! So much good insight
@savvyhomeseller
@savvyhomeseller 6 ай бұрын
Glad you enjoyed it!
@daydreamer0923
@daydreamer0923 6 ай бұрын
Thank you 👋😊.
@PAHighlander24
@PAHighlander24 6 ай бұрын
I knew a NJ family who had an in ground pool. They enjoyed it as their children grew, but when they retired and moved out the pool was detrimental to selling the house. After months of no offers in a reasonable market because of the pool, they had it filled in. I learned from their experience and had an above ground pool. Before I put my house on the market I took it down. I had trouble getting grass to grow due to the sand (and possibly chlorine due to leaks over the years), I put a geotechnical barrier down, covered it with white gravel and put a block fire pit in the center. The stone area was large enough for lawn chairs around the fire pit. When I sold the house many potential buyers liked it. Sometimes small inexpensive tasteful improvements are better than high budget ones.
@douglasthompson9482
@douglasthompson9482 3 ай бұрын
As a owner of our home for the past forty years, I do agree in some ways. I spend for us only. I build everything in our home. At some point we may sell and move to a larger executive home. Lol….we have a pool but above ground. My home is my life so…. Also don’t buy solar panels, a complete waste of time.
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