5 Home Renovations That Don’t Increase Property Value
Northstate Equity
Creating Efficient and Innovative Real Estate Solutions While Bringing Value to All Involved in the Process
When it comes to home renovations, not all upgrades lead to a higher property value. While certain improvements can enhance your living space and are done for personal enjoyment, some renovations provide little to no return on investment when it’s time to sell. If you’re looking to maximize your home’s resale value, it’s important to know which upgrades might not be worth the cost. In this blog, we will cover 5 renovations that don't increase property value.
Wondering what other factors may decrease your property value? We've got you covered. Check out our blog covering the topic to learn more.
1. High-End Luxury Upgrades
While a high-end kitchen or spa-like bathroom may seem like a great investment, going overboard with luxury features can hurt your return. If your home is in a mid-range neighborhood, ultra-expensive finishes and top-of-the-line appliances might not match what buyers expect, making it difficult to recoup your investment.
What to do instead: Choose quality, but stay in line with neighborhood standards. Opt for modern yet cost-effective upgrades that appeal to a broad range of buyers.
2. Swimming Pools
A swimming pool might seem like an attractive feature, but it often does not add much to your property’s worth. Pools require ongoing maintenance, can be a safety concern for families with young children, and are costly to install. In colder climates, pools may even be seen as a hassle rather than a benefit. Swimming pools are still great to have for personal enjoyment, but should not be installed to increase your property value because it will not provide a good return on your investment.
What to do instead: If you want to enhance your outdoor space, consider installing a patio, fire pit, or well-maintained landscaping, which can boost curb appeal without the high upkeep costs.
3. Garage Conversions
Turning a garage into an extra living space or home gym may seem like a good idea, but it can actually reduce your home’s value. Many buyers prefer a functional garage for parking and storage, and losing that space could be a dealbreaker. It can also create issues down the line if not done correctly.
What to do instead: If you need extra living space, consider finishing a basement or attic rather than sacrificing the garage.
4. DIY Renovations Gone Wrong
Taking on a home renovation project yourself can save money upfront, but if done incorrectly, it could hurt your property value. Poor workmanship, uneven flooring, and unpermitted work can make your home look unprofessional and require costly repairs later.
What to do instead: For major renovations, it’s often best to hire a professional. If you do take on a DIY project, ensure you have the skills and tools needed to do it right.
DIY renovations are still a great option. Check out our blog covering 5 home improvements you can make for $500 or less .
5. Over-the-Top Landscaping
Curb appeal is important, but extravagant landscaping doesn’t always translate to a higher selling price. Elaborate gardens, water features, or exotic plants may look stunning, but they can also be high-maintenance, which may deter potential buyers.
What to do instead: Focus on simple, well-maintained landscaping with native plants and a clean, tidy yard to attract more buyers without overwhelming them.
Final Thoughts
Before investing in home renovations, consider whether the upgrade will actually add value to your property. While some improvements enhance your personal enjoyment, they may not necessarily increase your home's resale value. Stick to practical, buyer-friendly updates that improve functionality and curb appeal without over-improving beyond the market. Next time you're preparing to make changes to your home, remember these 5 renovations that don't increase property value.
Need to sell your home fast? Fill out our Sell Your Home form to receive a fast, no-obligation offer today!