Home improvement projects can be a great way to add value to your home, but some don’t do much for the overall worth of your property. From luxury items such as swimming pools and saunas to elaborate outdoor lighting systems, you and your family might enjoy these updates; however, they won’t necessarily increase the property’s market value. Here are five home improvement projects that don’t add value.
1. Swimming Pools Can be Projects That Don’t Add Value
A swimming pool is a great way to beat the summer heat and entertain family and friends, but it won’t necessarily add value to your home. Many potential buyers are put off by having to deal with the upkeep of a pool – not to mention increased insurance premiums.
2. Outdoor Lighting Systems
Outdoor lighting adds ambiance and security to your home, but it will not give you much return on investment. If you’re considering installing an outdoor lighting system, determine if it’s worth the cost in terms of added value.
3. Saunas and Hot Tubs
Similar to a swimming pool, saunas and hot tubs are great for relaxation and entertaining, but they don’t necessarily boost property value. If you’re considering installing one of these luxury items, factor in the additional costs of upkeep and maintenance that come along with them. And, when you put the home on the market, don’t expect to recoup the money you spent installing a hot tub or sauna.
4. Landscaping
Landscaping is a great way to make your home look welcoming and boost curb appeal. However, expensive, high-maintenance landscaping doesn’t offer a good return on investment. Prospective buyers may be uninterested in the upkeep necessary for fountains, pathways, and high-end landscaping. Instead, keep the lawn in good condition and install easy-to-care-for plants and shrubs.
5. Sunrooms are Projects That Don’t Add Value
Sunrooms are wonderful spaces for entertaining, but they tend to lack energy-efficient features and are difficult to heat and cool properly. If you’re looking for projects with a good return on investment, it’s best to steer clear of sunrooms. They don’t have the versatility of a backyard deck and have many of the same seasonal drawbacks.
Being smart about which home improvements you choose can save you money in the long term. If you plan to sell your property, talk to your real estate agent and choose updates carefully. Some projects won’t boost value and are better suited for personal enjoyment.
Buyer’s Edge offers home inspections to customers in Western North Carolina. Contact us to schedule an appointment for our services.