When it comes to home decor, many homeowners are tempted to express their personal style by adding wallpaper to their walls. However, before making any significant changes to your home’s aesthetic, it’s essential to consider how it may impact your home’s value. The question is, does wallpaper affect home value? Let’s find out.
There are a lot of things that affect the value of a house. Some of these include the location, condition, and size.
Wallpaper has been around for a long time and it’s been a popular home decorating choice. It comes in many different colors and patterns.
Value for House
Home values fluctuate based on many factors, including changes in the market and interest rates. They’re also affected by things like neighborhood crime rates and weather conditions, which can cause a house to lose value or gain it.
Ultimately, home values are what buyers are willing to pay for a property. That’s known as market value and is a good starting point for figuring out how much your house is worth if you’re considering selling, looking to refinance, or buying homeowners insurance.
While you can’t control the broader market, there are certain features that increase the value of your home, such as proximity to schools or shopping. Keeping an eye on your home’s value on a regular basis can help you make wise decisions regarding your finances and property taxes. That could save you money on things like PMI, the mortgage insurance that protects lenders in the event you stop making payments. If you own 20% or more of your home, you may even be able to eliminate it.
Value of Wallpaper in the House
There are many factors that contribute to the value of a home. Some of them are obvious, while others are less so. One of the lesser-known but still important factors is wallpaper. It’s a popular choice among homeowners who want to make their homes more appealing to buyers, but does it add value?
There are two types of value steps to consider when it comes to wallpaper: what homebuyers see and what appraisers look at. Aside from being a classy, expensive wall treatment, wallpaper isn’t likely to increase your home’s value beyond its cost to remove, says Amanda Mosness, a South Carolina-based home staging expert. She notes that unless you’re house-flippers or enthusiastic DIYers, most homebuyers don’t want to devote their free time to fixer-uppers. So while removing wallpaper isn’t the most exciting home improvement, it can be an important step in increasing your home’s marketability and boosting its resale value. The best thing you can do is get it done before your home’s next round of inspection.
While wallpaper may seem like a great DIY project, it’s worth considering whether hiring a professional might yield better results, especially when it comes to Should I Hire Someone to Do the Wallpaper?.
Value With Wallpaper
Despite what many people believe, wallpaper doesn’t affect home value. In fact, it is one of the top five things that buyers don’t want to see in a house. This means that wallpaper can actually hurt a homeowner’s chances of selling their home if it is not removed before the house goes on the market. In addition, buyers are worried about the amount of work that will be involved in changing out the wallpaper. They also worry about the dated look that a home with wallpaper will have. This can all be seen as negatives for a potential buyer, which is why most sellers don’t remove their wallpaper before putting their homes on the market.
However, if you are an enthusiastic DIYer or house flipper and would like to sell your home quickly, you may want to consider removing the wallpaper before listing it for sale. Most buyers don’t care for houses with unfinished projects that they have to tackle after moving in, and you will typically receive less money for your house if it is not fully completed.
Before deciding to put up wallpaper, it’s crucial to understand What Should You Not Do When Choosing Wallpaper?, as certain choices can significantly affect your home’s market value.
Value Without Wallpaper
In order to get the best value for your house, you should focus on the things that buyers are going to like about it. You should try to showcase the good things about your home, such as the kitchen appliances or the fireplace.
You should also avoid the negative features that can make people want to avoid your house. One of these negative things is wallpaper, and it can actually hurt your house’s value.
Appraisers do not factor in a homeowner’s style preferences into their appraisal, but they do look at the condition of the underlying walls. So, if your house has older wallpaper, it’s probably going to be worth less than a house with neutral paint that isn’t outdated.
You should always check with your real estate agent before deciding whether you want to remove your wallpaper or not. It really comes down to what you think is best for your home and how much time and money you have available.
If you decide to remove your wallpaper, you might be considering some wall repairs. Check out these articles on Is Drywall Mud Better Than Spackle? and Is Spackling the Same As Drywall Repair? for more insights.
We hope this article has given you a greater understanding of how wallpaper can affect the value of your home. If you’re considering a home renovation or redecoration project, be it removing wallpaper, painting, or both, our professional painters are ready to assist. We have teams in a number of cities ready to bring your vision to life. Whether you’re looking for Maple Ridge painters, Langley painters, Richmond painters, New Westminster painters, West Vancouver painters, North Vancouver painters, Port Coquitlam painters, Coquitlam painters, Port Moody painters, Surrey painters, Burnaby painters, or Vancouver painters, our teams are equipped with the skills and experience necessary to deliver high-quality results. Contact us today to discuss your needs and how we can help to increase your home’s value through our expert painting services.