When it comes to home improvement projects, not all of them will add value to your property. Some renovations can be expensive and time-consuming but won’t raise property value enough to pay for the cost. We put together a list of five home improvement projects that don’t add value.
Projects That Don’t Add Value: Swimming Pools
Although they may look great, swimming pools can be a hard sell when it comes to adding value to your home. Potential buyers often view them as more of a maintenance hassle than a luxury feature and could be a deterrent for some. In addition, many homeowners’ insurance companies won’t provide coverage or charge higher premiums for houses with swimming pools.
A sunroom can be a great place to relax, but it won’t do much to add value to your home. Sunrooms cost a lot of money and may not increase the value of your property enough to pay off. Sunrooms tend to only get used seasonally so they can look like wasted space to some buyers.
Expensive Finishes are Projects That Don’t Add Value
High-end marble countertops and designer tiles may look great in pictures, but they don’t always make a good return on your investment. Buyers are more likely to be attracted by kitchens with updated appliances or modern features like smart fridges. If upgrading your kitchen, focus on practical improvements to get the most bang for your buck.
A garage addition might not be the best option if you’re looking to add extra space and value to your home. An oversized garage is great if you have lots of cars or like to use it as a workshop, but it won’t typically add much value to the property. Instead, you may be better off investing in an extra bedroom or a larger kitchen if you want to increase your home’s value.
Projects That Don’t Add Value: Fancy Landscaping
While landscaping can add curb appeal and make your house look more attractive, it won’t necessarily add any monetary value to your property. If you’re looking to spruce up your yard, opt for low-maintenance plants and features. Adding too many diverse elements, like waterfalls or pagodas, can be a turn-off to potential buyers who would prefer a simple, practical landscape.
When it comes to improving your home, certain projects may not add much value. Before embarking on any home improvement project, do some research and find out how it could affect the value of your property. That way, you can make sure you’re getting the most out of your investment.