You spent the holidays binging on HGTV, and now visions of shiplap accent walls and freestanding soaking tubs are dancing through your head.

© Getty Images A massive kitchen renovation may not help resale value as much as you think.

Don’t let your desire to upgrade your home downgrade your home’s market value. Before you make a renovation fantasy a reality, consider whether the project will pay off when you’re ready to sell. Plenty of home improvements add value, but others — like these five — can hurt it.

1. A chef-quality kitchen

If you love to cook, a high-end kitchen could be the ultimate gift — for you. But if you think a massive overhaul will majorly impact resale value, you might be in for a surprise. An upscale kitchen renovation recoups just 54% of its cost in added value, according to Remodeling magazine’s 2020 Cost vs. Value report.

“If you do marble countertops and high-end appliances, you could spend $100,000, and it doesn’t necessarily mean your house is worth an extra $100,000,” says Beatrice de Jong, a consumer trends expert for Opendoor, a San Francisco-based direct home buyer and seller.

Smaller kitchen upgrades could yield a bigger payoff. Chris Arienti, broker and owner of Remax Executive Realty near Boston, suggests keeping updates reasonable: Think granite rather than marble, and GE instead of Sub-Zero.

2. DIY painting

A bold statement wall can say the wrong thing to potential buyers if the workmanship is questionable. Streaky, chipped or low-quality paint can knock $1,700 off a home’s sale price, according to Opendoor data that looked at home offers made from June 2018 to June 2019.

“A good paint job is not easy,” says Sarah Cunningham, a real estate agent with Ethos Design + Remodel in Boise, Idaho. “It is all in the prep work, and most people don’t want to do the prep work.” Hiring a professional to paint can help ensure a more attractive result.

3. An expanded master suite

Knocking down a wall to create an oversize master bedroom or stealing closet space to build out a spa-style bathroom may sound dreamy. But how about as a selling point? “If you go from five bedrooms to four, and you can make it work, no big deal,” Arienti says. But he cautions that losing a bedroom in a smaller house could mean a lower selling price.

As for cutting into closet space, residential building codes don’t mandate that bedrooms have closets. But, Arienti says, “Once you take the closet out of a bedroom, to a buyer, that no longer looks like a bedroom.”

4. Plush wall-to-wall carpeting

Carpet can be especially unattractive to first-time home buyers, who may be used to landlords updating carpet between renters, de Jong says.

“In general, people are grossed out by [carpeting]. It can make a room look a little bit dated.”

It can also ding your sale price. Carpet as the primary flooring in a house drops the value by $3,900 — and carpeting in the master bedroom causes a $3,800 plunge, according to Opendoor. Conversely, a 2019 report from the National Association of Realtors estimated that sellers could recoup the entire cost of refinishing hardwood floors. New wood flooring could actually add value, with sellers getting $1.06 for every dollar spent according to NAR.

5. A swimming pool

It doesn’t matter if it’s infinity edge or above-ground: Any pool can be seen as a drawback by buyers who don’t want to deal with maintenance or insurance. Even in Florida, a pool doesn’t add value, Liede DeValdivielso, a real estate agent with the Keyes Company in Miami-Dade, said via email. If you’re thinking resale, it’s not worth it — you’ll never recoup the cost, DeValdivielso said. But if you’ll use it and enjoy it, put in a pool.

How to decide if a renovation is worth the cost

To ensure you’re making an informed decision:

• Consider your timeline. “If you’re going to be in the home for 30 years, you can do anything, because at that point, your mortgage is paid off,” Arienti says. Looking to sell in the near future? Pay closer attention to whether your choices will appeal to a potential buyer.
• Consult an expert. “Talk to a professional so you aren’t making misinformed choices that are going to work against you in five to 10 years,” Cunningham says. A designer can help you tell fleeting trends from future classics; a contractor can explain what kind of work a proposed renovation would entail.
• Compare home features in your area. De Jong suggests looking at comparable homes for sale near you and going to open houses to make sure your improvements align with the norms for your neighborhood.
• Get an appraisal. A licensed appraiser can do a feasibility study to estimate your home’s current value and its likely value after the improvements.

Please click link for more information: https://www.msn.com/en-us/money/realestate/5-home-improvements-that-may-not-pay-off-when-you-sell/ar-BBZiNl3?fbclid=IwAR1hDwVvEZYabqVGLG3S8G7uaqKmHnEZ7QCiRJ8XG5qr_WYyHH-cwzfZf0w

Selling a home in the winter can pose some challenges. Lawns aren’t as green and tidy, and the chilly weather can make it more of a trek for buyers to view homes for sale.

HomeLight, a real estate referral company, surveyed 500 real estate professionals in the fourth quarter of 2019 to find out their top advice when prepping a home to show during the winter months.

Nearly 30% of agents advised always making sure driveways and sidewalks were clear prior to showing appointments. Twenty-four percent said let as much natural light flow inside to warm up interiors, and 18% stressed the importance to amp up the coziness factor during wintertime showings.

To help make the home feel more cozy, some real estate pros suggest turning up the heat during showings. “You don’t want buyers getting chilly, or have them commenting on how drafty your house feels at every turn,” HomeLight says in its study.

Also, protect the house by making a space for buyers to hang wet coats and to place their shoes, such as with a boot tray beside the door to protect any wood floors, real estate pros suggest.

Find more information at: https://magazine.realtor/daily-news/2020/01/29/for-winter-house-showings-make-the-home-feel-light-cozy?fbclid=IwAR1852uECNzQr1DR-6tDy1tGky3rCTlts9Iuy91742WZD0JWHH5plsD4S6Y

A common scheme fraudsters use to gain access to your personal information is caller ID or phone “spoofing.” Spoofing is when a caller deliberately falsifies the information transmitted to your caller ID in an effort to disguise their identity while pretending to be someone else.

To avoid being scammed, here are some tips:

• Be cautious with caller ID. Scammers can make any name or number appear from anywhere in the world.
• Let it go to voicemail. If a call from an unknown number is important, the caller will leave a message.
• Hang up. If it’s a robocall, don’t press any numbers. Just hang up.
• No information. Never give out personal, financial or other sensitive information − unless you have verified the caller as a legitimate source.
• Be suspicious. Be wary of offers that sound too good to be true. For example, Freddie Mac will never reach out to offer a refinancing opportunity or new loan over the phone.
• Report fraud. If you have been contacted by someone claiming to represent Freddie Mac or otherwise suspect fraud, report it here .

During times of distress, it is important to be on your guard against fraud schemes. If Freddie Mac owns your mortgage and you are a homeowner that has been affected directly or indirectly by COVID-19, mortgage relief options are available. Contact your loan servicer (the company listed on your mortgage statement) to discuss your options.

Find more information at : http://www.freddiemac.com/blog/notable/20200325_avoiding_fraud_call_spoofing.page?utm_source=facebook&utm_medium=social&utm_campaign=&sf119760714=1&fbclid=IwAR3OBUAz