Home Renovations That Do Not Add Value

Before you embark on a home renovation, it’s important to understand that not every remodel adds the same amount of value. If your goal is to see a high return on investment (ROI), there are a few renovations that you should avoid. Read on to learn about the home improvements that do not add value.

Home Improvements That Do Not Add Value

While there are some home improvement projects that add value, there are also certain renovations that will cost more than their return. Here are 10 renovations that do not add value to a home:

Although walk-in closets are appealing to many homebuyers, this is often a renovation that decreases home value. This is because the walk-in often takes away square footage from another living space, such as a bedroom or bathroom.

Instead, consider adding storage options such as closet organizers and built-in shelving.

Garages serve a variety of purposes, providing a spot for parking, storage, and workspaces. Converting your garage into a bedroom can be very costly as it requires proper insulation, ventilation, and electrical systems.

Instead, you could convert the garage to an accessory dwelling unit (ADU) or in-law suite. This way, the space could be used as a rental unit for a secondary source of income.

High-end fixtures may attract more visual appeal, but they’re often less durable and more high-maintenance than less expensive alternatives. While custom plumbing and/or lighting fixtures may boost the visual appeal of a space, they won’t add enough value to justify the cost.

Instead, replace any broken or outdated fixtures with durable, cost-effective, and low-maintenance alternatives.

Sunrooms can be an attractive or unattractive feature depending on the homebuyer. Where some people may see it as a relaxing addition, others may consider it a high-maintenance area with little to no purpose. Additionally, if you convert an existing deck or patio, there’s no added square footage to increase the property value.

Instead, you could update existing decks or patios with necessary repairs, fresh paint, and outdoor lighting.

White is a stark color that can make a home feel cold and clinical. It can be hard for a family to envision themselves in a home that lacks warmth and personality. White finishes also show dirt more clearly, increasing the need for constant cleaning.

Instead, opt for neutral or muted colors, such as gray or beige tones. Neutrals pair with different styles and can be painted over if desired.

Taking on major renovations yourself can be a costly error. Using a contractor safeguards your home during the selling process and home inspections. Although some home improvement projects appear simple, tackling tasks like flooring or cabinet replacement without experience can be hazardous and lead to extra repairs.

Instead, consult a licensed and experienced contractor such as Greenview Renovation for professional home improvement recommendations and services.

Carpets can be hard to clean and are less durable than other flooring options such as tile and hardwood. Wall-to-wall carpeting can be especially unattractive to families with pets and children as it stains easily and can come loose over time.

Instead, consider breaking up carpeted spaces with hardwood or luxury vinyl tiles (LVT). The new homeowners can then increase the comfort or warmth of the hardwood and tile with a rug.

Fixing an outdated or malfunctioning HVAC system is a necessary action before selling a home. However, if your HVAC is working properly, it’s best to leave it be. The new system won’t add as much value to your home as it cost to replace.

Instead, only replace large-scale features like HVAC systems, roofing, and plumbing systems if a break or damage occurs.

Trends change from one minute to the next. While bold color and patterns may be the hottest trend one month, minimalistic designs with muted colors could be trending the next month. Additionally, every homebuyer is different with unique style and design preferences.

Instead, choose timeless colors, designs, and styles with neutral color palettes. Bolder colors are often harder to repaint or refinish.

Although curb appeal is an important part of selling a home, expensive outdoor features typically add little to no value to a home’s resale price. Items such as fountains, ponds, custom patios, and built-in firepits can be expensive and may deter potential buyers due to the increased maintenance requirements of the landscape.

Instead, skip the costly outdoor water and/or features and stick to simple updates and maintenance tasks. For example, trimming trees, tending to gardens, or installing solar lights.

Home Improvements That DO Add Value

Now that we’ve examined the home improvements that do not add value, it’s time to take a closer look at the renovations that increase home value. Here are a few examples of home improvements that add value to a home:

Upgrading Kitchens

A kitchen renovation is among the top ROI home improvements. The average ROI of a kitchen reno in Florida is 70% or higher. This means you could recoup 70% or more of your investment when you sell your home. Upgrades you may perform include:

Refacing cabinets
Installing new appliances
Updating countertops
Applying fresh paint
Adding hidden or built-in storage

Renovating Bathrooms

Bathrooms have an average ROI of 65% to 75% in Florida. However, you should only consider bathroom renovations if they’re outdated or dysfunctional. Here are some examples of high-ROI bathroom upgrades:

Tub-to-shower conversions
Adding a tub to a home with only showers
Repainting, re-tiling, and replacing old and/or broken fixtures
Adding extra storage options

Installing Energy-Efficient Upgrades

Florida’s climate is ideal for energy-efficient home improvements such as solar panels and impact-rated windows and doors. The exact ROI of energy-efficient upgrades varies depending on the renovation.

Make the Most of Your Renovation with Greenview Renovation

Investment in your future with Greenview Renovation home renovation services. We can help you avoid home improvements that do not add value, making sure you get the best ROI possible. Contact us today to learn more about our expert renovation services!