Remodeling your home is a great way to update and customize your living spaces, but not all improvements increase the value of your house. If you are upgrading to sell the property, choosing projects carefully is essential. Here is a list of a few home improvement projects that don’t necessarily boost property value.
Luxury Bathroom Remodel
Bathroom remodels are popular home improvement projects, and they will boost your home’s value if you budget carefully. Basic things like repairing damaged tile, adding a fresh coat of paint, and updating the lighting transform the space. Installing luxury flooring and adding a spa tub with jets won’t be reflected in your home’s sale price.
Adding a Sunroom Won’t Boost Property Value
If your house does not have a patio or porch, installing a sunroom is a lovely way to enjoy the beauty of nature on a rainy or hot day. Both four-season rooms and solariums increase your enjoyment, but the major expense of having them installed makes them a net negative. These home improvement projects range in cost from $25,000 to $80,000, and they often only maintain about 50% of the value when the property is for sale.
Creating Space for Hobbies
One of the benefits of moving into a home is having the freedom to customize it to reflect your interests and hobbies. Understanding that a potential homebuyer may not share your love of sewing or saltwater fish is necessary. Be cautious when creating specialty spaces in the house. A sewing room and built-in aquariums will be an update you will enjoy; however, limiting the function of the rooms will not improve the home’s value.
Installing a Pool Doesn’t Boost Property Value
Hot tubs and swimming pools are symbols of luxury, partially because of how expensive they are to install and maintain. Building an in-ground pool can cost between $25,000-50,000, and that amount does not include the price of other necessities like a pool fence, maintenance, and water treatment supplies. Don’t install a pool if you’re looking for home improvement projects that impress potential buyers.
Textured Walls or Ceilings
Wallpaper, textured paint, and textured ceilings are a headache for homeowners who want to paint their new space. As a result, these home improvement projects are not smart options if you’re planning to put the house on the market. Most buyers plan to make a few customizations when they move it. Most, however, don’t want a time-consuming resurfacing project.
Randall’s Home Inspections provides inspection services in the Greater Madison, WI area. Contact us to request our services.