Built-in aquariums look stunning, but they can also turn off potential buyers. Sure, they add a touch of luxury, but not everyone wants to deal with the upkeep. According to Daniel Fries, Atlanta, GA based home appraiser, it’s just not a practical investment. Aquariums top the list of improvements with poor return on investments.
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- 7 "Money Pit" Home Improvements You Might Regret
7 "Money Pit" Home Improvements You Might Regret
Eliminating a Bedroom
A walk-in closet and expanded master bath is a selling point, but only if that space isn’t hijacked from a third or fourth bedroom. The rule of thumb when renovating is to stay within neighborhood standards. If the neighborhood norm is three bedrooms, a two-bedroom house is at a severe disadvantage.
Overimproving the basement
Expansive Outdoor Renovations
Outdoor kitchens with grills and wood counters can be used up to ten months a year in warmer climes, but further north, a fireplace would be a much cozier investment. Make sure your renovations are appropriate for the area. As you calculate your project budget, keep the total tab no more than 10% of the current value of your house. If you spend more, count the payback in terms of personal enjoyment.
Even though more and more people work from home, adding in a home office is generally not a good idea. Buyers may be turned off by a room that can no longer function as an extra bedroom. If you already have a home office, keep the area basic, a desk, chair, and good lighting. Potential buyers should be able to easily visualize the room being utilized for another purpose.
Pools, Hot tubs, Spas and Luxury Showers
If you're interested in more home improvement tips, consider: