BLOG

THE LATEST NEWS

Where HGTV Gets It Wrong

Where HGTV Gets It Wrong

Millions of people watch the popular home channel HGTV for their spectacular home improvement shows. You’ll see vaulted ceilings, manicured lawns, and envy-inducing¬†kitchens. But behind these shows are some surprising half-truths. The Value of Everything HGTV runs on the fact that what they show can be done or obtained by the general public. Meaning that most of their projects are “affordable.” However, they create a problem for those who try to replicate what they see. Everything shown on tv has a skewed value. For example, they work off the assumption that certain things in homes value well over others every time, like granite countertops. Another underlying assumption is that because something is expensive, it holds greater value. Lastly, and one of the most flaunted misconceptions, is that everything always has a dollar value. This may or may not be the exact amount that was paid for. In reality, items hold very little of their paid value. Here is a quick list of things that seem like they add value but in an actual appraisal matter very little: Expensive window treatments type of granite in a kitchen an older remodel type of paint on the walls one room remodel (vs. an entire remodel) Actual Value Does Exist Real value exists, but not in the way you might think. Specific value typically depends on region and popularity. As you’ll see on some of the shows, the value is best as a total package. Buyers don’t care about the upgrade of only one room like they wouldn’t buy just one room. Similarly, a farmhouse sink wouldn’t be as desirable in a New York condo as a Texas ranch house. Real Things To Look For Instead of over-the-top changes, consider similar homes and their upgrades for a more realistic view of what to improve on a home. Current market trends are another great way to get ideas. And be sure to consider the fine print. Even with significant upgrades that everyone will love, buyers never want to pay full price and often don’t in a home transaction. This could leave a potentially hefty bill so be sure to consult with professionals before beginning any project.

Leave a Comment