6 Home Improvement Projects That Might Not Be Worth the Money brought to you by Andy Liechty

If you’re considering renovations with an eye toward resale, here are some that are better left off your list:

1. OVER-THE-TOP LUXURY UPGRADES
Luxury items can be highly personalized – and their appeal is often subjective. Potential buyers might not see the same value that you see in these kinds of upscale upgrades, especially if they are overpowered by the home’s other features and the neighborhood doesn’t tend to attract luxury-minded homebuyers. These projects usually have a lower ROI when they don’t quite align with what the majority of buyers in that particular real estate market want or need.

2. EXTENSIVE LANDSCAPING & GARDEN FEATURES
While well-maintained landscaping can improve curb appeal and add value to your home, most people prefer a fairly neutral or low-maintenance outdoor space that’s functional and easy for the homeowners to keep up with. That means that the money spent on intricate landscaping that’s largely for show might not translate into increased home value (and could potentially be a detractor to many buyers).

3. OVER-PERSONALIZED HOBBY SPACES
Some things are absolutely worth the money if you’re in your home for the long haul, but not so practical if you’re just planning on being there for a few years. Carefully consider whether you’re investing money in something that enhances the home’s value to you versus something that improves its value on the open market.

4. DIY PROJECTS GONE WRONG
Are you thinking about doing some major renovations on your own? Think again. DIY projects that are not done or not done well can heavily diminish your home’s value. Make sure that you hire a contractor who is experienced, licensed and bonded for anything that requires more than basic repair skills.

5. CONVERTING FUNCTIONAL SPACES INTO LIVING AREAS
Converting a garage, basement or attic to add more living space may seem like a good idea, but that may not be true if you end up eliminating one of your home’s useful (and coveted) features. Conversions like these often sacrifice the practical, everyday uses people appreciate in these areas, and potential buyers might be disappointed.

6. Elements OVERLY TRENDY INTERIOR DESIGN ELEMENTS
Finally, even though you want to avoid letting your home’s interior design grow “dated,” you should also be cautious about embracing every new trend. Excessive remodeling that focuses on flashy trends or high-end additions often does not offer the same ROI as more neutral, timeless updates. Trends can change rapidly, and what seems cutting-edge now might not have the same appeal in even a year or two.

🌟To learn more about these tips, please visit Andy Liechty's blog "Let's Talk": Click for Details

🏡Are you ready to sell or have any questions about the market? Contact Andy Liechty & Associates!