Q: I want to do a few renovations to my home but I know I will be selling within 12-18 months. Should I do them?
A: I would proceed with caution, particularly if you want to maximize your chances of a profitable resale later on. Here are four general tips on upgrades to avoid:
HIGH MAINTENANCE: If your upgrade requires too much upkeep, buyers may view it as more of a nuisance than an asset.
OVER DRESSED: Do not make your house look like the guest who wore a ball gown to a picnic. Luxurious amenities can be a good selling point, but only if they blend in with, rather than outshine, what the neighbors have. You have to be careful not to over improve for the value of your neighborhood or you may not get your money back.
TOO PERSONAL: Too much customized design choices may turn off buyers or attract low offers when you sell because buyers with differing taste see the décor and finishes as something they have to do over. Anytime you deviate, no matter what the improvement is, from what is fairly traditional, you run the risk of improving in a fashion that will not lend itself to additional dollars.