5 Home Improvement Projects That Don’t Actually Add Value
By Tim Smith
Home improvements are the best way to increase the value of your home, but choosing the wrong one can mean a sharp downturn in what your home is worth. We have compiled a list of five projects not worth your time and money that will add little or no value to your home and property. The goal, after all, is to get the most out of your investment.
Replacing your flooring with carpet presents a couple of potential issues — mainly, there’s no guarantee that the color or pattern chosen will sit well with someone looking to buy your home. A wood floor is more cost effective, will last longer, and gives the homeowner more options for decorating. Keep in mind that a rug is much easier to replace than wall-to-wall carpeting.
Only Modernizing 1 or 2 Rooms
Stainless steel appliances and high-tech gadgetry are the most current fad in homes, but these shiny new improvements may not be all they are cracked up to be. Money is the main issue that you will run into. While you may be able to afford re-doing one or two rooms with the latest technology has to offer, you don’t have the cash to do the whole house, making these two rooms the oddballs. Perhaps the rooms are more efficient or modern, but they simply don’t match the rest of the home. Sure, modernizing may be needed, especially for homes that have not been updated since the 60s or 70s, but going too modern can make your home seem like an unfinished project that potential buyers won’t be interested in taking on.
Elaborate landscaping can be aesthetically pleasing, but potential hassle for a potential home buyers. Maintaining a beautiful garden, landscape, and walkways takes time, money, and a lot of work. This can be a serious turn off to buyers. Keeping the yard simple, well maintained, and accessible will get you further than fancy flowers and shaped bushes.
A swimming pool can be a dream for a homeowner, but if you are trying to sell a house with a swimming pool, it can be a nightmare. Many potential homebuyers view a pool in a negative light. Pools require maintenance, which can be expensive, and they can be dangerous for children and pets. Houses with pools are not an incentive for homebuyers, but a determent. Forgo the fantasy of a pool for more practical improvements.
Windows that are old, cracked, encased in split frames, or are drafty should be replaced to lower energy costs. However, windows in good condition should be left alone. Replacing windows that pose no obvious problem will not increase the value of your home and, when sold, will not get you a better price for an unnecessary upgrade. Use your money elsewhere.
When considering a home improvement project, always take into account the neighborhood, what improvements need to be done versus what you would like done, and research what project would be of the most benefit to you and your home.