5 Renovations that May Decrease Your Home’s Value

Jan 16, 2013 No Comments by

Homeowners are often surprised to learn that not all home improvement projects will add value to their homes—no matter how much they may personally enjoy them. The five projects listed below are not likely to provide the return on investment needed to make them worthwhile.


Customized Additions or Renovations – Adding an extra bathroom or renovating a kitchen will nearly always pull in a profit. These are becoming universal must haves for homebuyers. However, making parts of your home too personalized or elaborate may make it hard for buyers to envision themselves in your home. Building a man cave may seem like a great idea, but it may ultimately dig a financial hole you won’t get out of.


Pools – Adding a pool might seem like a good selling draw, but the upkeep may be more than prospective buyers can handle. Also, an in-ground pool could be seen as a safety hazard for families with small children, which could make insurance policies skyrocket.


Enclosed Porches and Sun Rooms – While an enclosed porch or sun room may appeal to some individuals, potential homebuyers may view it as a loss of outdoor space or an added cost due its energy inefficient glass walls.


Home Office Addition – Again, this may seem like a smart add-on, but it will take away square footage that a buyer would want for an extra room or more closet space. Let the buyer decide if she wants an office.


Unfinished Projects – Before you take on an addition or renovation project, be honest with yourself. Do you really intend to finish it? If not, think twice. Selling a home with an unfinished element could detract from its value.


Whether the housing market is hot or a little sluggish, it’s always a good idea to find ways to maximize the resale value of your home. But not every home improvement project is, well, an improvement.

Construction, Home Improvement, Home Services, Installation, Kitchen

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