Not all home improvement projects are made equal. While some more minute adjustments can add considerable value to your home for their price (by some averages, having your attic insulated recoups 116.9% of the cost of the procedure), others are less lucrative. These large-scale home renovations might wind up justifying their price by improving your home’s comfort or appearance, but don’t expect them to do so in return on investment.
The 4 Worst Home Improvement Projects for Home Sellers
1. Bathroom Addition
According to homeadvisor.com, bathroom additions can cost over $25,000. This may include new showers, tubs, tile, toilets, sinks, flooring, cabinets, and plumbing. Most estimates on your return on investment, however, don’t go above 60%. That’s a costly home improvement project.
2. Upscale Master Suite Addition
You can’t put a price on a good night’s sleep, but adding a fancy master bedroom to your home can run you up to $245,474, according to Realtor.com. The website warns that you won’t likely recoup more than 57.2% of that price, however.
3. Deck Addition
Building a deck can get you decent ROI; it usually doesn’t, though. Comparing a report from Remodeling Magazine to Realtor.com averages, maximizing this home improvement idea’s ROI is a matter of controlling costs. The former claims that a $10,050 deck addition can have 80% of its value recouped while the latter pairs a more upscale $37,943 deck with a measly 57.7% return.
4. Installing a Pool
Pools are great — they’re a place to relax on a hot summer day and can make your home the coolest on the block. The problem is, though, that maintaining a pool is costly and time-consuming. Buying a new home is already enough for most buyers, so knowing they’re also buying that liability might scare them away.
The right home improvement ideas can get increase your home’s curb appeal and resale value, making your upcoming sale a much quicker process. Find Hartford, CT, remodeling projects that can fetch more than 100% of their cost in resale value with Armend’s Painting & Home Improvement. Call them today at (203) 597-7179 or visit their website to boost your home’s value.