Any home improvement can be costly, so it’s a good idea to make sure you get the most return on investment. Always remember no improvement will ever give you a 100 percent return on investment. Here is a list of home improvements that do not add value to your home.
Pools
A common luxury many people love is their pool. However, many potential buyers scroll past home listings with inground pools. In colder climate parts of the country, this is more prevalent. Trying to sell a potential home buyer a long list of pool maintenance chores is an impractical task. Pools can be costly; some people can spend upwards of $50,000 on an inground pool and only have a 50 percent ROI.
If having a pool is a must for you, build your pool once you’ve found your forever home. If you are still wanting to upgrade your backyard add a patio or deck. It offers a great area for you and your family to enjoy and offers a higher ROI than pools at 66 percent.
Major Landscape Features
If you are looking to add value to your home, one thing is for certain, do not add major landscape features. This includes outdoor kitchens, gazebos, waterfalls, fountains, and lavish green landscapes. These are all on the “no” list when it comes to ROI. It is always a good idea to refresh your landscaping, but don’t throw a ton of money into it if you’re trying to get a large ROI. There is a higher ROI on keeping your yard looking best rather than renovating major landscape features. Consider hiring a reputable lawn care service if it interests you.
Home Theater
One feature some dream of having in their house is a home theater. However, if you’re considering adding a home theater or gaming room, stop and think if you want an ROI. If you do, it may not be the brightest idea to go through with it. When embarking on a home improvement project, ask yourself if the upgrade will have a universal appeal. If your answer is no then it most likely isn’t a good idea if you want a high ROI. A home improvement like this could vastly decrease the value of your home. Putting a home theater in your home permanently affects how the room will be used and not every potential homeowner wants a home theater.
If you are looking for home improvements that offer the most ROI, check out this out.
