Q: Which Home Upgrades Should You Avoid?
If you want to add value to your home, avoid these three upgrades.
Many people want to increase the value of their homes before they sell. However, some of the most common things people think will add value actually do not. These are the main three home upgrades to avoid if you want to add value to your property:
1. Pools. If you want a pool for your family to enjoy, then by all means build one. However, you need to know that a pool will not add value to your home when it’s time to sell. Nevertheless, you will get some money back from this investment. For example, if you spend $30,000 to add a pool to your property, you would get about $15,000 back when you sell.
2. Solar panels. These will lower the energy costs of whoever lives in the home, and some people feel they’re necessary to save the planet. If you live in the house for 15 years or more, solar panels will pay for themselves due to the extra energy savings. So solar panels could raise the value of your property to the buyer if they feel they’re important, but they still won’t add inherent value to your home.
3. Shutters, hurricane shutters, impact glass. If you want to install something to protect your house, I suggest aluminum shutters, which also lower your premium. You’ll likely get your money back for those. These other types of protection do guard your home but are more costly, and you won’t get all your money back. For example, for a 2,000-square-foot house, installing impact glass would be around $30,000, and you won’t see that returned when you sell.
We’re here to provide value to you; we’re always here to help with your real estate needs. Reach out to us via phone or email if you have any questions about these upgrades or real estate in general. We would be happy to assist you.