If you’re looking to increase your home’s value, here are five home improvement projects you’ll want to avoid.
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Here are five home improvement projects that won’t add value to your home:
1. Extensive landscaping projects. If you want to build a waterfall or a pergola, make sure it'll serve as a source of enjoyment, because these items won’t add to your home’s value.
2. Big improvement projects (e.g., building a new roof or adding a new HVAC unit). Buyers would certainly appreciate these kinds of additions, but that doesn’t mean they’ll make your home sell for more money. Taking on one of these projects would make more sense in terms of avoiding deferred maintenance when you do sell your home.
3. Adding a pool. It gets pretty hot here in Sacramento, but building a new pool on your property won’t bring much of a return on your investment. The only exception to this rule would be if you live in an area where everyone else in the community has a pool.
"Solar panels might decrease your home’s energy costs, but they won’t increase its value. "
4. Painting the exterior of your home. While painting does give you the most bang for your buck in terms of home improvement, unless you’re doing that painting on your own, the cost of getting the job done outweighs its benefits. It might make it sell faster, but it won’t add any more value.
5. Adding solar systems. Solar panels might decrease your home’s energy costs, but they won’t increase its value.
If you have any questions about which home improvements make sense in your situation or you have any other real estate questions, feel free to reach out to me. I’d love to help you.