Friday Fun Facts – What Home Renovations Aren’t Worth the Price Tag

If you’ve ever wondered how much it would cost to renovate your home and if it’s worth it… you are not alone.  According to data from Forbes, the average home renovation costs $41,600, with projects ranging from $1,200 to $82,000, depending on the size of your home and the scope of the work involved.

While the goal of investing in a home renovation project is often to increase the value of your property, there are some features that may not be worth the upfront cost when it comes time to sell your property in the future. Here are six house features that buyers aren’t interested in:

1. Turning Your Garage Into Living Space
   Prospective buyers typically prefer a functional garage for parking rather than a specialized living space. Before selling, consider returning the garage to its original function.
2. Adding an ADU to Your Property
   The installation of an alternative dwelling unit (ADU) can significantly alter vehicle and storage space, potentially raising concerns for potential buyers.
3. High-End Kitchen Appliances
   While high-end appliances and renovations may seem desirable, they may not significantly increase the home’s resale value.
4. Built-In Shelving
   Built-in shelving and entertainment systems could restrict furniture configuration options, potentially causing inconvenience for buyers.
5. Niche Additions
   Specialty additions like gyms, wine rooms, and movie-screening rooms may make it difficult to sell your home and may not necessarily increase its value.
6. Swimming Pool
   Installing a pool can be costly and may deter potential buyers due to maintenance demands and safety concerns, particularly for families with small children.

It’s important to carefully consider these factors when planning home renovation projects, especially if the goal is to increase the property’s resale value.