If you’re planning to sell your home soon, it’s essential to be strategic about the upgrades and improvements you make. While some home improvement projects can increase your home’s value and help you get top dollar when it comes time to sell, others won’t appeal to buyers. Here are a few home improvement projects with a low ROI (return on investment) that you should avoid if your goal is to boost your property value.
1. Swimming Pools are Projects with a Low ROI
While a swimming pool may be an excellent addition for you and your family to enjoy during the summer months, it’s not going to do much to increase the value of your home. Many potential homebuyers see pools as more of a liability than an asset. A pool can pose a serious safety hazard to a buyer with young children. Even if a potential buyer doesn’t have children, pools require a lot of maintenance which can be expensive. Most homebuyers would rather not deal with the hassle and will move on to another property that doesn’t come with a pool.
2. Highly Personalized Living Spaces
While putting your personal touch on your home helps you enjoy the living spaces, too much customization can turn potential buyers away. When you go overboard by painting walls bright colors or adding too many unique fixtures, it can make it difficult for buyers to see themselves living in the space. If you’re planning to sell, choose neutral colors and fixtures and use interior design styles that appeal to a broader range of people.
3. Home Offices
Thanks to the rise of technology and the proliferation of remote work opportunities, more and more people are working from home. You may want to convert one of the bedrooms in your house into a workspace. However, this is generally not a good idea if you’re trying to boost your property value. Converting a bedroom into an office won’t appeal to a homebuyer who commutes to work every day. It also means one less bedroom, which will decrease the property’s overall value.
If you’re planning to sell your home soon, be careful when selecting upgrades and improvements. Some updates will increase your property value, while others won’t offer much return on investment. Above are a few examples of projects that won’t boost your bottom line when it comes time to sell. Avoid these projects if you want to get top dollar for your house.