When remodeling or building a custom home, decision making can seem like an endless task. But it’s important not to allow the process to overshadow the ultimate goal; a forever home that is a perfect fit for you and your family. One thing that typically tends to drive decision making is the future resale value of your finished home. There are many reasons why people tend to focus on resale value, but how much should this influence your decisions?
Adding Value
If you’re building or remodeling, you’ll get a lot of advice about what not to do, and the reasoning is always that you won’t get a return on certain investments. While it may be true that you won’t always see a monetary return on some of the investments made in your home, it is also true that you’re investing in your family just as much as in the building itself. If your family will love and use a pool, then it’s a worthwhile investment. If it provides a place for your family to be together and do something that you all enjoy, then don’t pass on it just because there isn’t necessarily future monetary gain to be had. Instead, focus on what will bring your family the most joy and contentment within your new home.
Marketability
If you paint the walls your favorite shade of green, or use a unique flooring, it is inevitable that someone will make a comment about how difficult those things will make it to sell your house in the future. But let’s be honest, the walls and floors are the first thing most people change anyway, so does it really matter? Yes, a vibrant shade of chartreuse may be off putting to some, but it’s just paint. By the time you’re ready to sell twenty or thirty years down the road (if ever), it’ll be time to repaint anyway. You aren’t creating this space so that you can “flip it” and make a profit, so the focus shouldn’t be on whether or not someone else thinks that your floors would have been easier to market if you had gone with simple beige tile.
Future Stranger
Think about it this way; are you building your custom home for yourself, or for a future stranger who may or may not buy it if you decide to sell? Even if you wanted to please the future stranger, there’s no way for you to do so. It’s impossible to speculate as to what sort of features a future stranger would or would not be interested in. Obviously the future resale value of your home is something that can be taken into consideration, but you shouldn’t let it keep you from doing the things that you really want to do. Ultimately, you are building your home for you, and only you. Don’t compromise on the things you’ve been dreaming of having just because someone else might not like it.
Building a custom home is an opportunity to create something that fulfills all of your wants and needs, and if you leave something out because you think someone else won’t care about it when you sell or because it won’t add value, you’re only hurting yourself. With more than twenty years of experience, Empire Custom Builders can help you find the balance between dream and reality, without sacrificing the things that will make your custom house a home.
If you’re building or remodeling, you’ll get a lot of advice about what not to do, and the reasoning is always that you won’t get a return on certain investments. While it may be true that you won’t always see a monetary return on some of the investments made in your home, it is also true that you’re investing in your family just as much as in the building itself. If your family will love and use a pool, then it’s a worthwhile investment. If it provides a place for your family to be together and do something that you all enjoy, then don’t pass on it just because there isn’t necessarily future monetary gain to be had. Instead, focus on what will bring your family the most joy and contentment within your new home.
Marketability
If you paint the walls your favorite shade of green, or use a unique flooring, it is inevitable that someone will make a comment about how difficult those things will make it to sell your house in the future. But let’s be honest, the walls and floors are the first thing most people change anyway, so does it really matter? Yes, a vibrant shade of chartreuse may be off putting to some, but it’s just paint. By the time you’re ready to sell twenty or thirty years down the road (if ever), it’ll be time to repaint anyway. You aren’t creating this space so that you can “flip it” and make a profit, so the focus shouldn’t be on whether or not someone else thinks that your floors would have been easier to market if you had gone with simple beige tile.
Future Stranger
Think about it this way; are you building your custom home for yourself, or for a future stranger who may or may not buy it if you decide to sell? Even if you wanted to please the future stranger, there’s no way for you to do so. It’s impossible to speculate as to what sort of features a future stranger would or would not be interested in. Obviously the future resale value of your home is something that can be taken into consideration, but you shouldn’t let it keep you from doing the things that you really want to do. Ultimately, you are building your home for you, and only you. Don’t compromise on the things you’ve been dreaming of having just because someone else might not like it.
Building a custom home is an opportunity to create something that fulfills all of your wants and needs, and if you leave something out because you think someone else won’t care about it when you sell or because it won’t add value, you’re only hurting yourself. With more than twenty years of experience, Empire Custom Builders can help you find the balance between dream and reality, without sacrificing the things that will make your custom house a home.
