3 Ways To Devalue Your House

5:21 PM, Jun 10, 2013   |    comments
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If you own your home, it's easy to think about all things you can do and want to do to change it. But before you go into project planning mode, know what will devalue your home.

Removing a bedroom: When your child leaves for college, it's tempting to turn their room into a gym, or an office, but the number of bedrooms in your house directly affects its value. Ask yourself: Do you really need a new room? If you want to sell your house in the future, it's best to leave it a bedroom.

Installing an above-ground pool: Adding a pool can increase your house's value up to 11%, but the above-ground pool won't. Buyers tend to focus on the negatives like maintenance costs and safety hazards because they aren't as visually appealing. Your home's purchase price may take about a 2% hit.

Smoking inside: A survey revealed some buyers believe smoking inside of a house can lower its value by as much as 29 percent.

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