When considering adding value to a home, you think of all the improvements you can make to your home that will beautify it or create convenience for your family. However, when it comes time to sell your home, those improvements may not only do nothing to increase the value of the property, they may even turn off potential buyers!
Swimming Pools
A swimming pool in the back yard is considered a perk by some, but others may perceive it as a pain with all the maintenance it will require (especially in areas with winters that don't allow for year-round pool use).
Home Office Renovations
A home office is often an amenity appreciated by those shopping for a home, but it should be built with frugality in mind. For example, don't steal usable space from another living area to create a home office. Instead, make sure the space can easily be converted back into a bedroom or other living space if needed.
Unique Builds
Clever and creative ways to change the look of your living space can pique your interest, but avoid making outlandish changes to your home or changes that will be perceived as adding work for a future homeowner (for example, a koi pond or a built in aquarium). Don't be tempted to incorporate these ideas into your own home unless you don't plan on selling anytime soon because future homebuyers may not share your enthusiasm.
Roof Renovations
Now, don't hesitate to have work done if your roof needs repairs as it will be one less issue you'll have to deal with when listing your home. However, if you think replacing your roof with cedar shakes or clay tiles will increase the value, think again. Although they have the ability to make your home stand out, they probably won't inspire homebuyers to pay more for them.
Over-the-Top Renovations
Unless your home is located in a very posh neighborhood, don't install the bathroom with the supersized steam shower, imported Italian marble and several different spray heads ... unless you have the money to do it for your own pleasure and enjoyment only. That kind of improvement doesn't typically do anything to increase the value of the average home. On the other hand, if you updated an old bathroom, you could see an increase of several thousand dollars to your home's bottom line. Just remember that if you overdo it, however, you may not recoup your investment.
Comments(7)