5 Home Improvement Projects To Avoid
You might be wondering, “Wait, there are home improvement projects I should avoid?”
Well, we can’t tell you what you should and shouldn’t do. That is completely up to you. What we can tell you is that not every home improvement project is going to “pay off,” as you might hope. In fact, here is an article we did on Home Improvement Projects That Pay Off.
Ok back to business. These 5 projects we will discuss are more significant if you plan to move in the next 2 or 3 years. If you are thinking specifically about return on investment, that is likely not going to occur with these 5 projects.
Let’s dive in to this list of 5 Home Improvement Projects To Avoid! (And scroll to the bottom to see visual representation of this list)
5 Home Improvement Projects To Avoid
- Gourmet Kitchens with high end accessories. These are more often than not, very expensive projects. Especially with high end accessories. Too much customization could actually deter some buyers. It is also unlikely that a home-buyer will see a remodeled kitchen as “worth,” paying extra for to accommodate or exceed your expenses on the project. There are many small and inexpensive adjustments you can make to your kitchen that will still provide a positive impression on your buyers.
- Whirlpool Baths. The brutal truth is that most buyers are just not going to pay extra for a newly installed whirlpool bath. It is already considered an expensive project on your part, and whirlpool baths tend to increase energy bills. This is most often an unnecessary and costly project that will not yield you a positive return on investment.
- Home Office Remodeling. This is a project that not only won’t give you a return on investment, but could also deter some home-buyers. The average home office renovations costs around $28,000. The average return is only 46%. Yikes! In terms of deterring some buyers, it is a definite possibility. If you remodel a spare bedroom in to a home office some families can be deterred. Home-buyers know that they won’t find a perfect home. They know that a home they find will need to be turned into what they need. A remodeled home office gets in the way of a child’s bedroom or playroom. Both of those are easy for parents to make happen, as opposed to the project of undoing a remodeled home office.
- Garage Additions. These can be great in the long term, but again we are talking about if you are selling within 2-3 years. Homeowners who build a garage only see a 62% return on investment for a project that costs tens of thousands of dollars.
- Expensive Landscaping. Seriously, an over-the-top backyard paradise won’t add to your asking price. You can try to make it a “selling point,” but the chances of a return on your investment are low. Like before, home-buyers know that they will be making a home their own. If you have family buyers with kids, they could be turned off by the potential cost of breaking down the extravagant landscape instead of wanting to offer you more money.
There you go! A quick rundown on some home improvement projects to avoid. Hopefully if you are thinking about selling in the next couple years that this is helpful. I want to emphasize again that this article to meant to discuss that these projects will not yield you a return if you are selling in the next couple years. And please, if these are projects that you wish to do because you want them…then definitely do it! We just want to set the best expectations for you in terms of selling and your return on investment. Remember, these are 5 home improvement projects to avoid…unless you want them. 🙂
Here is a visual representation of the 5 Home Improvement Projects To Avoid.
You can contact us at any time if you have questions or want to talk about real estate. Be sure to follow the Steve Quanstrom Group on social media!
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