In this episode of the State 48 Homeowner Podcast, host Scott Kooiman and Kraig Klaus from the Klaus Team discuss five updates that can actually decrease your home’s value. They delve into topics such as converting bedrooms, converting garages, DIY projects, and the controversial subject of solar panels. Find out what you need to know before making these updates to ensure you’re making the right decisions for your home’s resale value. Tune in now!
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VIDEO VERSION
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Introduction
Welcome to the State 48 Homeowner Podcas In this episode, Scott Kooiman is joined by Kraig Klaus, the lead listing specialist at Klaus Team Real Estate Solutions. They discuss crucial updates homeowners might consider that could impact the value of their homes. While not all updates will necessarily decrease value, it’s important to be aware of potential pitfalls.
Episode Highlights
Note: Timestamps are for reference; they can be removed if not needed.
1. Taking Away Bedrooms
- The potential impact of converting bedrooms into other spaces.
- Lack of a standardized definition for bedrooms in the Arizona MLS.
- The value of bedrooms in new construction homes.
- The importance of representation during new construction to maximize property potential.
2. Converting Garages
- The significance of maintaining a garage’s functionality.
- Tandem garages and storage considerations.
- The need for a balance between personal preferences and market appeal.
- The importance of easy reversibility when considering garage conversions.
3. DIY Projects That Look DIY
- The challenges presented by do-it-yourself projects.
- The difference between DIY and professional work.
- The impact of noticeable flaws on potential buyers.
- The importance of creating a neutral and appealing aesthetic for a broader audience.
4. Wallpaper and Murals
- Personalized aesthetic choices vs. market appeal.
- Exterior murals and their potential impact on buyers.
- The role of unique design choices in influencing buyer perceptions.
5. Solar Panels
- Evaluating the long-term value of solar panel installations.
- Lease agreements and their potential financial implications.
- The discrepancy between the initial investment and potential resale benefits.
- The attraction of fully owned solar panels in resale homes.
6. Conclusion
Scott and Kraig conclude by encouraging homeowners to think carefully about the updates they make to their homes and seek professional advice when necessary.
Conclusion
In this episode of the State 48 Homeowner Podcast, Scott Kooiman and Kraig Klaus dive into five updates homeowners might consider making to their homes that could impact their property’s value. From converting bedrooms to other spaces, to garage conversions and the potential pitfalls of DIY projects, they cover the intricacies of each decision. They also discuss the impact of wallpaper, murals, and the controversial topic of solar panels on home value. Overall, the episode offers valuable insights for homeowners looking to make updates that enhance their home’s appeal to potential buyers.
