Choose Renovations Carefully

It may sound strange, but did you know that some home renovations may decrease the value of your home? Money magazine suggests avoiding these four renovations at all costs: 
  • A swimming pool. Unless you live in a hot climate, a swimming pool can be a liability, not an asset. In the Southwest, a pool can increase a home’s value by 11 percent. But if your home is in Oregon or Illinois, the cost of insurance and pool maintenance is a buyer turn-off. Families with small children especially avoid homes with pools. 
  • Home addition. Sure, an addition to your home will add inside space. But how will it look from the outside? Many home additions can look boxy or unnatural with the rest of the house. If you do go for an addition, make sure it is well designed. 
  • Trendy finishes. Don’t fall for the latest style or trend when it comes to renovating. As soon as it’s out of style, it will stick out — and look bad. One trend that will probably last for a while is custom paneling in maple or mahogany for home appliances. Otherwise, stick to timeless, classic ¬renovations. 
  • A Jacuzzi. Nothing beats a good soak after a long day. But not everyone loves a giant tub with multiple jets. Instead, try a rain showerhead if you want to add some luxury to a bathroom.

 

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