When it comes to home renovation projects, not all jobs are created equal. In fact, if you’re looking for ways to boost your home’s curb appeal before putting it on the market, you’ll want to steer clear of these home upgrades. Which additions, and remodels simply aren’t worth the investment? Click “Next” to find out.
1. A Pool
Inground pools cost a lot of money to build - and all of that cash doesn’t include the ongoing maintenance costs, and extra heating, insurance, and potential repairs that are par for the course of pool ownership. After all of that expense, some potential buyers will be turned off by the fact that your home has a pool when it comes time to sell. An above ground pool isn’t a good solution either. In fact, they can actually detract from the value of your home - especially if the buyer wants it gone.
2. A Master Suite Addition
If you have a little extra room on your property, a master suite addition isn’t the best way to use it. With high construction costs, and limited added value, that huge walk in closet and whirlpool tub simply aren’t worth all of the effort. Instead, direct those funds to remodelling the kitchen, or refinishing the basement - two projects with a higher return on investment.
3. A Major Kitchen Remodel
Yes, kitchen remodels usually provide a good return on investment - but pulling out all of the stops, like top of the line appliances, custom cabinets, and stone countertops, aren’t necessarily worth the added cost. Instead of breaking your budget, keep costs more manageable by keeping your existing kitchen’s layout the same if you can. It’ll help you to get a better return.
4. A New Roof
Whenever possible, repair, rather than total replacement is always best when it comes to your roof. Unless your roof is quite literally falling apart, that expensive replacement just isn’t worth the investment when it comes time to sell your home. When it comes to your roof, you want to replace it as infrequently as possible.
5. A Bathroom Addition
If you’ve ever spent most of your morning just waiting for your turn to use the bathroom, you know that living in a one and a half bathroom home can be a challenge – especially with kids. However, if don’t want to move (but are in desperate need of more space) keep in mind that that bathroom addition will lose about half of its monetary value once its complete. It’s impact on your sanity however, that’s priceless - and makes this one of the trickier renovation decisions on our list.
6. A Garage Addition
If you already have a one car garage, but are thinking of expanding it to fit another vehicle, you may want to rethink your plans. That’s because all of that carpentry and electrical work adds up quickly - but you likely won’t get it back when it comes time to sell your house. In the meantime, you’ve added another roof to eventually replace, and another room to drive up your electrical bill.
7. A Composite Deck
A deck can be a wonderful addition to a home - but getting yours in the now popular (and expensive) composite material won’t get you a good return on your investment. Sure, composite lasts about 10 years longer than the average pressure-treated deck, but its low maintenance comes with a hefty price tag - and it’s likely that those costs won’t be recouped if you decide to sell your home.
8. An Outdoor Kitchen
If you don’t have the luxury of living a climate that’s warm year-round, it’s probably a good idea to give the outdoor kitchen a miss. Sure, portable heaters can provide some extra comfort for you and your guests, but ultimately an outdoor kitchen is just not worth the investment if it means freezing over a grill in February.
9. A Home Office Remodel
Working from home means that you have the privilege of designing your own workspace. However, that freedom is not without responsibility. And if you’re considering a fully wired home office with all of the bells and whistles, you may not be able to get back all of the money you put into your project when you’re ready to sell your home. The fact is, most people don’t work from home, and would rather have a space that’s flexible enough to meet their needs, whether that be a games room, nursery, or craft room.
10. A Sunroom Addition
A sunroom may not sound like a big deal, but adding a high-end addition to your home - complete with a new roof, skylights, and energy efficient windows can be expensive. And, like the other renovations on our list, you likely won’t be able to get back the money you put into the project when it’s time to sell your home.