14 Home Improvements That Won’t Increase Your Property Value
Upgrading your home is a great way to make it more comfortable for you and your family. But if you’re planning to sell in the near future, you may want to think twice before making certain improvements. Here are 14 home renovations that experts say won’t do much to increase your property value.
Converting your garage into living space may seem like a good idea, but unless you live in an area where real estate prices are extremely high, this conversion is unlikely to add much value to your home. The same is true for installing solar panels; while they will help you save on energy costs, most homebuyers do not consider them to be valuable additions.
Swimming pools and outdoor hot tubs may be enjoyed by your family, but they could deter potential buyers who are worried about the added maintenance costs. And while a new coat of paint or some updated appliances can help make your home more appealing, major remodeling projects are rarely worth the time and money, especially if they make your home feel out of step with the rest of the neighborhood.
If you’re thinking about making some home improvements in the near future, here are 14 upgrades that experts say are unlikely to increase your property value.
1. Converting Your Garage Into Living Space
2. Installing Solar Panels
3. Adding a Swimming Pool or Outdoor Hot Tub
4. Remodeling the Kitchen or Bathroom
5. Finishing the Basement
6. Building an Addition Onto the House
7. Planting Fruit Trees in the Yard
8. Creating an Outdoor Living Space
9. Getting Rid of Popcorn Ceilings
10. Installing Central Air Conditioning or Heating
11. Putting in New Windows
12. Adding a Deck or Patio
13. Replacing an Old Roof
14. Landscaping the Property
While some home improvements can add value to your property, others may end up costing you more money than they’re worth. If you’re planning to list your home in the near future, experts recommend avoiding costly and time-consuming renovations like finishing the basement or remodeling the kitchen or bathroom—stick with simple updates like painting the walls or installing new appliances instead.
And if you’re more interested in making your home comfortable for yourself and your family than increasing its resale value, then go ahead and add that pool or deck—you’ll be glad you did!