5 HOME UPGRADES THAT WON'T ADD VALUE
Just because you upgrade doesn’t mean you'll profit when it comes time to sell. If you’re hoping to increase your home’s value (above and beyond the cost of an upgrade itself), you should know that the upgrades you value might not be valuable to potential buyers. In fact, you may never recoup the full cost of some home improvements, and the primary offenders might surprise you!
Five common upgrades with the worst return on investment
1. Adding a pool Pools can be hit-or-miss when it comes to added value. If you’re selling Southwest Florida Real Estate, or you live in a warm climate where people are inclined to use a pool year-round, you’re more likely to get a favorable response from buyers. Often, however, the return is not enough to pay for the pool itself. Don’t forget to budget a large chunk of change to operate and maintain the pool. Ultimately, your likelihood of recouping the money you spent on maintenance, in addition to the installation costs, is fairly low. Adding a pool to your home could be a major turnoff to some buyers. Buyers with small children may be concerned about safety risks, those looking for a low-maintenance yard won’t want to deal with the hassle and upkeep of cleaning a pool, and buyers who are on a tight budget may not have the extra cash to deal with the added expense.
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