8 things that can lower your home's value

Many homeowners look for ways to increase the value of their homes and a common and efficient way of doing so is through upgrades, However, not all upgrades are equal and, whilst many will deliver on returns, there are some remodels that can work against you and could even make your home less desirable.

Some renovations will actually cost you money in the long run. Just because you regard something as an improvement doesn't mean that potential buyers will feel the same way and you could significantly decrease the pool of potential buyers if you're not careful.

Outbuilding your neighbourhood

In other words, spending more than you can recoup in your neighbourhood. Every suburb has a ceiling price beyond which few buyers will go, so it's not wise to turn your house into the most expensive one in the suburb, especially in a tough market when buyers are spoilt for choice.

Wallpaper or textured finishes on walls

Both are difficult to remove, so think twice before using either to do more than just one feature wall. If potential buyers love the house but hate the walls, knowing that a time-consuming project lies ahead might cause them to decrease their offer.