5 Home Upgrades That Won’t Add Enough Value

5 Home Upgrades That Won’t Add Enough Value

If you’re hoping to increase your home’s value (above and beyond the cost of an upgrade itself), you should know that the upgrades you value might not be valuable to potential buyers. In fact, you may never recoup the full cost of some home improvements, and the primary offenders might surprise you! What five common upgrades have the worst return on investment? Find out below.


1. Adding a pool Pools can be hit-or-miss when it comes to added value. If you’re selling Orlando, FL, real estate, or you live in a warm climate where people are inclined to use a pool year-round, you’re more likely to get a favorable response from buyers. Often, however, the return is not enough to pay for the pool itself. Don’t forget that you’ll need to operate and maintain the pool, and this comes with a sizable extra cost. Ultimately, your likelihood of recouping the money you spent on maintenance, in addition to the installation costs, is pretty low. Plus, adding a pool to your home could be a major turnoff to some buyers. Buyers with small children may be concerned about safety risks, those looking for a low-maintenance yard won’t want to deal with the hassle and upkeep of cleaning a pool, and buyers who are on a tight budget may not have the extra cash to deal with the added expense.

2. Highly custom design decisions Your idea of a dream kitchen probably isn’t everyone’s idea of a dream kitchen. Unless you plan to stay in your house for many years to come, think twice about renovations that are too personalized. If you install a kitchen backsplash, you might recoup the cost, because the difference between “no backsplash” and “backsplash” is noticeable. But the specific type of tile might not matter to buyers — they could be just as happy with a simple ceramic tile as they would with an expensive Calacatta marble tile. Similarly, choosing a beveled countertop edge that’s complex and ornate, rather than a basic beveled edge, can turn off buyers whose tastes don’t align with yours. In fact, these custom features may wind up costing you come listing time, as many buyers will factor in the money they’ll need to spend to change the house to suit their own tastes. If you’re going to upgrade your kitchen just for the sake of selling, stick with neutral, builder-grade design decisions.

3. Room conversions Buyers will be looking to check certain boxes when they tour your home: For example, three bedrooms, two bathrooms, and a garage. Getting rid of these expected spaces (or altering them into something unusual) may harm your resale value. Every bedroom, for instance, is coveted space that can bump your listing up into the next bracket. Buyers are looking for a two-bedroom, three-bedroom, or four-or-more-bedroom home. You might not need that extra room and dream of knocking down a wall to create a giant walk-in closet. Or perhaps you’d prefer to cover the walls with soundproof foam and convert it into a recording studio. Unfortunately, most buyers won’t share your interests. Instead, they prefer an extra bedroom for children or guests.

4. Incremental square footage gains Sizable square footage gains — like finishing your dingy basement so it becomes an additional livable floor — can be a boon in buyers’ minds. But tiny, incremental changes may not give you much of a return on your investment. You may love your new sunroom, but it’s not likely to drastically increase your home’s overall value. Adding square footage in a way that doesn’t flow well with the floor plan can also backfire. Sure, a half bath on the first floor would be useful, but if buyers have to pass through the kitchen to get to it, the half bath loses some of its appeal.


5. Overimproving No one wants to buy a mega-mansion on a block full of split-levels. When your upgrades feel overboard for your neighborhood, you alienate buyers on two fronts: Buyers who are drawn to your neighborhood won’t be able to afford your home, and buyers who can afford a home of your caliber will prefer to be in a ritzier area. Keep the “base level” of your neighborhood in mind. Tour some open houses on your block to see how your neighbors’ kitchens look before you invest a small fortune in granite countertops and high-end fixtures. Being a little nicer than the other houses around you can be a selling point, but being vastly more luxurious is not. Pursue these home upgrades for your own enjoyment — but don’t trick yourself into believing you’ll more than recoup the cost of the improvement in the form of a much larger listing price when it comes time to sell. You can always opt for the projects that have the best potential to draw in a buyer instead!
Huffington Post blog link: https://www.huffingtonpost.com/trulia/5-home-upgrades-that-wont_b_9487282.html?utm_hp_ref=homes-for-sale

要查看或添加评论,请登录

Ron Goldstein的更多文章

  • Jobs & Homes- Cornerstone of our Country

    Jobs & Homes- Cornerstone of our Country

    I’m truly honored to receive the 2024 Presidents Society (top 5% in network) and SPIRIT awards from Coastal Properties…

  • Beach House CONNECT

    Beach House CONNECT

    At Beach House Connect and Beach House Guy FL, we believe that jobs and homes are the cornerstones of our vibrant…

  • Jobs & Homes- Cornerstone of our Country

    Jobs & Homes- Cornerstone of our Country

    ?? Happy New Year 2025! ?? As we step into this new year, let’s celebrate the foundations that truly strengthen our…

    2 条评论
  • Beach House Connect- Flat Fee Employment-

    Beach House Connect- Flat Fee Employment-

    Here’s to opening new doors in 2025 Beach House Guy At Beach House Connect, we connect leading industries with top-tier…

  • Beach House Connect Employment

    Beach House Connect Employment

    Jobs & Homes..

  • NEW Beach house Guy Venture & helpful decision making POST H

    NEW Beach house Guy Venture & helpful decision making POST H

    Sneak Peak into a very cool new venture aligning w/ my Beach House Guy branding https://www.youtube.

  • Helpful links navigating

    Helpful links navigating

    Navigating the FEMA Process: A Step-by-Step Guide for Homeowners and Businesses Our hearts go out to all those affected…

    2 条评论
  • Coastal Insights from Beach House Guy

    Coastal Insights from Beach House Guy

    September is a fantastic time to explore the real estate market in Florida. Enjoy the warm weather, beautiful beaches…

  • Coastal updates from Beach house guy

    Coastal updates from Beach house guy

    Discover the latest trends and insights in Tampa Bay real estate! This month, you'll find expert advice on infusing…

  • Changes in the real estate industry- Happening now

    Changes in the real estate industry- Happening now

    There are so many things to discuss in the real estate world as we face new changes. That's why you need an experienced…

    3 条评论

社区洞察

其他会员也浏览了