If you plan to keep your home for a long time, you should obviously make whatever home improvements your family likes. However, if you plan to relocate fairly soon, you should be doing home improvements with other potential home buyers in mind. If that’s the case, here are 10 home improvements that you shouldn’t do.
Adding a Pool
It’s true that a buyer might like an in-ground swimming pool. However, pools can cost you as much as $75,000 to install. That’s not including the operations and maintenance costs. Also, a pool might appeal to adult buyers with no kids, but not to people that do have kids.
Installing a Whirlpool Bath
It might sound like a great idea for you and your family to have a whirlpool bath in your home. But the unfortunate thing is that not everyone wants a whirlpool bath, especially since they come with many hidden expenses. For example, if you install one, you might wind up having to also install a larger water heater. The constant use and larger draw on the water and power in the home will lead to larger bills, which most home buyers want to avoid.
Doing a Major Kitchen Upgrade
You might think that doing a major kitchen upgrade will be great for your home’s value. The only problem is, when it comes time to sell your home, it’s not really beneficial. If your ultra modern dining room doesn’t seem to fit in with the rest of your home, buyers will be turned off. The trick to creating a kitchen that is appealing to buyers is to purchase appliances that appeal to almost anyone.
Constructing a Sunroom
A sunroom surrounded by glass might offer a great view of the surrounding area and a nice place to relax, but what it doesn’t offer is increased home value. In fact, you could spend thousands of dollars building it and only get back 60% or less of that investment when your home sells. Not only that, but sunrooms are not energy-efficient. So, you can expect your heating and cooling costs to go up for the time between when you install the sunroom and when you sell your home.
Doing Major Landscaping
Creating your own personal backyard paradise is one thing, but preparing your yard for a potential buyer is quite another. Major landscaping changes won’t increase your home’s sale value at all. You’ll just be wasting time and money. Instead, stick to simple yard upgrades, such as planting a few bushes and making sure that the lawn looks healthy. Leave the major upgrades to the next resident.
Adding a Room to Your Home
Adding an entirely new room to your home is not a good idea in terms of increasing its sale value. It costs a lot of money, and the increase in square footage means that they buyers would have to contend with heating and cooling a much larger space.
Nevertheless, creating a new bedroom in your home can be worthwhile both for your family and visiting friends and for potential buyers, as long as you do it by converting part of the existing space. For example, you can divide a larger room into two smaller rooms by installing a wall, as long as both rooms meet code standards. You may also have to install a closet or other storage options in the new bedroom.
Remodeling Your Home Office
If you enjoy your home office, that’s fine for you. But not all buyers are going to be interested in home offices at all. Upgrading yours with new equipment is also a bad idea because that equipment will soon be obsolete anyway. So, you can never expect to recover the entire amount of home remodeling investment.
Replacing Your Roof
Replacing your roof is something you should avoid prior to selling your home unless the roof is in extremely bad shape. The reason is that a brand new roof doesn’t add value to your home. On the other hand, a severely damaged roof will keep your home from selling. So, depending on the situation, you may just have to be prepared to do the replacement and eat that cost.
Adding a Garage
Adding a garage to your home can cost many thousands of dollars, and it doesn’t add to the value of the home enough to make that investment worth it for you. So, definitely avoid that home improvement unless you plan to stay in your home for a long time to come and really want your own garage.
Septic and Plumbing Upgrades
Finally, provided that your home’s current plumbing and septic systems can pass inspections, don’t upgrade them before selling the home. Buyers are not going to care that much about a new septic system. They just want one that works properly.