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Friday, March 3, 2023

7 Home Renovations to AVOID; will get You the least ROI at the Closing Table

When it comes to home renovations, some projects offer a better return on investment than others. Here are seven home renovations that may not provide the best return on investment at the closing table:

Swimming pool: While a swimming pool can be a fun addition to a home, it is also a costly investment that can be difficult to recoup at the time of sale. Many buyers see a pool as a liability, as it requires maintenance and may not be suitable for all family situations.

Luxury upgrades: Adding high-end features such as a gourmet kitchen or spa-like bathroom may be appealing, but these luxury upgrades may not provide the same return on investment as more practical renovations. Buyers may not be willing to pay extra for features that are outside their budget or personal taste.

Home office: While a home office may be a necessity for some buyers, it is not always a top priority. With more people working remotely, home offices have become more popular, but they may not add significant value to a home.

Personalized design choices: While it's important to make your home feel like your own, personalized design choices such as bold colors or unique decor may not appeal to all buyers. Stick to neutral colors and classic design elements that will appeal to a wider audience.

Garage conversion: Converting a garage into living space may be appealing, but it can also be a costly and time-consuming project. Additionally, many buyers see a garage as an essential feature and may not be willing to sacrifice it.

DIY renovations: While DIY renovations can be a great way to save money, they may not always provide the same level of quality as professional work. Poorly executed renovations may even detract from the value of a home.

Over-the-top landscaping: While a beautiful lawn and garden can add curb appeal to a home, over-the-top landscaping may not provide the same return on investment. Buyers may see high-maintenance landscaping as a burden rather than a benefit.

Overall, when it comes to home renovations, it's important to choose projects that will provide a good return on investment and appeal to a wide audience.

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