The key to effectively upgrading your house is determining which renovations will reward you in the long run and which will backfire. And knowing what home improvement projects are a waste of money alerts you as to what ideas you can cross off your list.
Upgrading the Primary Bedroom
The main bedroom is the straw that stirs the drink of many homes. Hence, it’s one of the most popular choices for renovation. Homeowners envision a luxurious bathroom, a walk-in closet, handcrafted cupboards, a room large enough to accommodate a king bed, and maybe a lounge area.
While this lavish update seems a no-brainer, any extension to your suite will be pricey. Between the amenities and materials, as well as the expense of rebuilding, an upmarket addition won’t get the return you think it will. Potential buyers have their own vision for their dream bedroom, meaning all your changes may be for naught.
Putting in a Pool
There are few things in this world you immediately regret more than committing to a pool. Pools are awesome for a quarter of the year, especially on long, hot summer days. However, many fail to account for the other three quarters of the year and the upkeep involved.
Even if you live in a climate where it’s constantly warm, having a pool reduces the value of your property and often scares away buyers. A pool only makes sense if it’s your forever home, although you could still doubt whether it’s worth the trouble. Many renovations can boost your home’s value, but this isn’t one of them.
A Home Office
An office is a wonderful addition for someone who works from home and needs a place to do their job peacefully, particularly in this post-pandemic world. Unfortunately, most buyers view a home office as a room without a purpose. The dollar signs might add up in front of the buyer’s eyes as they mentally calculate how much it will cost to turn that office into an extra bedroom.
Extended Sunroom
Another addition that’s good in theory is a sunroom. After all, is there a more pleasant way to appreciate the great outdoors while keeping the pests at bay? Sadly, what looks to be a sensible improvement often falls short of expectations. While you may use a sunroom regularly, prospective purchasers may not regard it as a functioning space and hence be hesitant to pay for it.
Realizing which home improvement projects are a waste of money allows you to put your resources into renovations that make economic and practical sense. Consider changes that improve the look of your home, increase its value, and make you happy.
