Many people think that home improvement projects mostly increase a home’s value, but that’s not always the case. Certain types of modifications can indeed boost a home’s worth, but not all will give you a good return on investment (ROI). For instance, repair work can add value, and hiring professionals like ServiceMaster Restoration by Zaba ensures the work is done right.
However, shows like “Fixer Upper” might inspire you to remodel your kitchen or add a backyard patio, but it’s important to choose projects wisely and avoid impulse decisions. Here are eight home improvements you might want to reconsider:
1. **Home Office Upgrades**: Setting up a home office sounds great, but its ROI isn’t impressive. Buyers often see this space as a remodeling job they’ll have to tackle, despite its appeal to those who work from home.
2. **Installing a Swimming Pool**: A backyard pool might seem like a summer dream, but it often decreases home value because of high maintenance costs and safety concerns that can put buyers off.
3. **Master Bedroom Enhancements**: Upgrading the master bedroom can be expensive. Instead of a full remodel, consider creative ways to optimize the current space or refresh the look without major construction.
4. **Adding a Sunroom**: Sunrooms are nice, but they often cost more to build than the value they add. Many buyers don’t see them as essential or functional spaces and are unwilling to pay extra for them.
5. **Bathroom Additions**: Even if an extra bathroom seems necessary, understand that its added value drops by around 50% once completed. Think carefully if it’s really worth it considering the likely returns.
6. **Kitchen Upgrades**: Full kitchen remodels can be tempting due to all the focus on kitchen designs, but you generally get back only about two-thirds of what you invest. Updating a few features is fine, but avoid pouring too much money into a complete overhaul.
7. **Adding Special-Purpose Rooms**: Unique spaces like a theater or game room may seem like they’ll boost home value, but not all buyers will share those interests. This could result in a financial loss when selling.
8. **Installing a Backup Generator**: Though a backup generator may appeal to emergency-ready homeowners, the high cost and infrequent use can negatively impact ROI.
Not all home improvements are created equal in terms of boosting property value. Carefully consider whether a project will genuinely enhance your home’s worth before starting it. And feel free to share your experiences—what home renovations have been worth the investment for you?