Not all improvements made to the home can increase the value and appeal to a new buyer. In most cases, these investments are unlikely to reflect in the house's sale value. If you are planning on buying a new home within the next two to three years, then the investments that won't increase the monetary value of the house should be avoided.
Five common home improvements that won't have a significant impact on the value of your house are as follows.
High-End Kitchen Accessories
You may love your Tuscan tiles and high-end commercial appliances, but the cost of the kitchen accessories won't be recouped in the sale value. High-customization in the kitchen often makes a home less appealing to potential buyers. Choosing to upgrade general appliances can be appealing to buyers but only to the level of the neighborhood standard. Creating a kitchen that feels out of place in a particular neighborhood is an unwise investment. If the neighborhood the house is in is a part of a high-end community, then upgrading to a gourmet kitchen can increase the value.
The appeal of a lovely garden can definitely entice potential buyers but there is a limit to how much value it can add to a home. It comes down to how long you plan to stay in the house. If you remain in the house for many more years, then a stunning garden can improve quality of life but in the short term, the investment cost won't likely be recovered through the sale price. The best way to improve your garden for greater buyer-appeal is to have well looked after lawn with well-laced shrubs and small trees. Subtle and classy changes, especially to the front entrance area of your home, can add to the "Wow" factor and increase the asking price.
There are basic problems with installing a big whirlpool bath if you plan to move in the near future. Since the bathtub is so large, it often requires a larger hot water tank which in turn increases energy bills. The bath will also need additional maintenance. As a result, a newly installed whirlpool bath is not seen as an investment as home buyers are looking for lower monthly costs and less maintenance from their new homes. A standard bath is the best to go with if you need to replace an old, worn out bathtub.
While some warmer areas where pools are desired can help you to recoup between 30 and 50 percent of your investment, most of the time a pool isn't a good home investment. Many families with small children are turned off by a pool which will lead to a smaller market for your house. Maintenance of a pool as well as energy costs can be seen as a headache to a new buyer and unless you plan to spend several years in the home, installing a pool will only be a financial problem.
Office Room Remodeling
Not all buyers are looking for an office in their house. In these cases, an office room is seen as something that would need to be changed in order to serve a purpose in the household, therefore, it would be seen as a future expense. A mere 40 percent of the investment costs can be recouped in the asking price. If you plan to live in the house for several years and you work from home, then it can still be worthwhile to invest in a home-office remodel.