Homeowners are often looking for ways to add value to their homes. Whether it’s for resale purposes or just for their enjoyment, everyone wants to live in a comfortable and upgraded home. But not all home improvement projects add value to your property. In fact, some can even reduce the value. So before you start your next project, be sure to do your research and find out which updates will pay off in the end. Here are a few common home improvement projects that don’t add value.
Swimming Pools are Major Projects That Don’t Add Value
Adding a swimming pool is one of the most common home improvement projects people think will improve their property value. But in most cases, it actually does the opposite. Unless you live in an area where pools are in high demand, chances are your pool will be more of a liability than an asset. Not only do they require a lot of maintenance, but pools can also be a safety hazard. If you’re planning on selling your home soon, it’s probably best to skip the pool.
Installing a New Roof
While a new roof will better protect your home and belongings, it will not increase your property’s value. Buyers already expect the roofing to be in good shape, so a new roof isn’t much of a selling feature. Unless your roof requires replacement or significant repairs, you’re better off spending your money elsewhere.
Adding a Sunroom
Like a pool, a sunroom is a nice addition to any home, but it will not usually increase its value. Sunrooms are often too specific to a homeowner’s taste and may even be a turn-off for potential buyers. If you’re planning on selling your home, it’s best to avoid a sunroom addition.
Converting the Garage is Common Among Projects That Don’t Add Value
Another popular home improvement project that doesn’t add value is converting the garage. While many people see this as a way to add extra living space and square footage, buyers generally don’t view it as a positive feature. Many buyers would prefer the garage for parking or storage over a converted area.
Putting in a New Kitchen
A new kitchen is one of the most popular home improvement projects, but it’s also not likely to add value. Kitchens vary depending on your family and needs; what one person loves, another may not. If you’re planning on selling your home, it’s best to leave the kitchen as-is unless it needs updating. If you are looking for a kitchen renovation attractive to buyers, stick to neutral paint colors and update the hardware and lighting to appeal to the broadest range of potential buyers.
These are just a few home improvement projects that don’t add value. Before starting your next project, be sure to do your research and find out which ones will pay off long-term.