The common misconception about home improvement projects is that they largely benefit the dwelling, but the truth is only certain types of modifications truly increase the home’s value. A classic example is repair work, which can indeed enhance a house’s worth. Hiring professionals like ServiceMaster Restoration by Zaba guarantees a job well done.
However, not all home improvements bring a fruitful return on investment (ROI). Watching shows like “Fixer Upper” could tempt you into remodeling your kitchen or adding a backyard patio, but be discerning of what will bring long-term benefits and avoid impulse decisions. Here are eight home enhancement projects to reconsider:
1. HOME OFFICE UPGRADES
Creating a home office can seem like the perfect idea, yet its ROI is not as appealing. Homebuyers often perceive this space as a potential burden to remodel for different usage, despite its appeal to work-from-home professionals.
2. INSTALLING A SWIMMING POOL
Despite the allure of a backyard pool during summer, it can actually decrease your home’s value due to high maintenance costs and safety concerns that deter potential homebuyers.
3. MASTER BEDROOM ENHANCEMENTS
While the master bedroom is a favorite for many homeowners, upgrading it can be rather costly. Instead of completely remodeling, find creative ways to optimize the existing space or consider refreshing your master suite without major construction works.
4. ADDING A SUNROOM
Sunrooms are appealing but can cost more than the value they add to your house. Potential buyers might not view them as legitimate, functional spaces and be unwilling to pay for them.
5. BATHROOM ADDITIONS
Even if you need an extra bathroom, take into consideration that once completed, the value of this addition will decrease by 50%. Weigh up whether having an extra bathroom is truly worth the investment, considering the likely returns.
6. KITCHEN UPGRADES
Performing extensive kitchen remodel can be tempting due to considerable media focus on kitchen designs, but be aware that the returns are typically just two-thirds of the investment. Updating a few features is acceptable, but avoid investing heavily in a complete kitchen overhaul.
7. ADDING SPECIAL-PURPOSE ROOMS
Although unusual amenities like a theatre or game room may seem to increase house values, not all prospective homebuyers share similar preferences, and you could end up losing money when it’s time to sell.
8. INSTALLING A BACKUP GENERATOR
Although a backup generator might seem appealing to the emergency-ready homeowner, it can negatively impact ROI given its high cost and the infrequent necessity for its use.
Remember that not all home improvements bring the same return. It’s crucial to consider if the project will genuinely enhance your property value before undertaking it. Consider sharing your experience of home renovations. Which ones have proven worth the investment for you?
