4 Home Improvements That Don’t Always Add Value to Your Home
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Posted by Mike F. on January 26, 2016 in Home Focus

A few weeks ago, we touched on how certain home remodeling projects can go a long way in adding value to your home. Unfortunately, not all home improvements increase the value of your home. Some can even make your home more difficult to sell. A general rule of thumb is that home improvement projects that are extremely personal are less likely to have a positive effect on resale value. Here are four home improvements that may not increase your home’s value:

 

  1. In-ground swimming pools. A swimming pool might seem like a good idea to you, but a potential home buyer might see maintenance, expense, and lawsuits. A family with small children may see it as a safety hazard. You could even be required to fill in the pool as a condition of a sale. A pool is an investment that could potentially lower the value of your home.
  2. High-end accessories. A good rule to follow is to keep everything in your home of similar style and quality. Don’t over improve one or two rooms in your home with high-end accessories to the exclusion of everything else. You won’t recoup nearly as much for your high-end kitchen if the only bathroom in the house is old and out of date. Also, stay on par with your neighbors. Your home value can be based on the homes around you.
  3. Wall-to-wall carpeting. Beat-up carpeting may detract from the value of your home, but your new choice of carpeting color and style may not match the decorative vision of the potential buyers. Instead, consider using that same money to refinish your hardwood floors and add small area rugs or hallway rugs for accent.
  4. Home office remodeling. Most people don’t need luxury home offices. They only need good lighting and room for some home office furniture, like a desk and chair. And with technology becoming outdated so quickly, updates in wiring and other home office components won’t necessarily add more value to your home.

 

If you are making home improvements, focus on increasing the comfort and livability of your home. If you plan to stay in your home for a while, your options on remodeling projects are wide open. However, if your improvements are intended to add resale value to your home, think about potential buyers and how your improvements might be viewed by them.

Mike F.
Mike F. knows ACUITY and insurance inside and out. He has more than 36 years of insurance industry experience, including 29 years at ACUITY. His expansive knowledge of home insurance makes him a valuable resource. One of his favorite things about the insurance industry is helping people recover from low points in their lives and getting them back on their feet. If he is going on a trip, you’ll likely find him somewhere warm and sandy


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