Home improvements are a great investment because they improve the overall value of your property while improving its beauty. Like all man-made structures, your home can start to wear down and develop problems as it ages. Improvements ensure your property looks as good as new and remains structurally sound. However, all improvements are not made equal. Many homeowners spend their money on projects that offer very little value and can be more trouble than they are worth. At A&M Homes, we encourage people to avoid investing in the following improvements:
- A Sunroom
A sunroom is a beautiful, quiet space where you can relax and enjoy the sunlight without being outdoors. While this might seem like a great addition to your home, it can also be quite expensive. A regular 200 square foot sunroom requires over a dozen energy-efficient windows, several vented skylights, fans, lights, furniture, etc.
It is easy to spend up to $70,000 on such a project. Unfortunately, you might get back only around 50% of the value at the point of sale. A sunroom sounds like a good idea, but it isn’t practical or a value-add to your property unless you have money to spare and aren’t concerned with getting it back.
- Swimming Pools
Swimming pools are the ultimate luxury addition to a house but that doesn’t translate well in value. A regular in-ground swimming pool can cost anywhere between $20,000 and $50,000, which is a significant investment for an installation you will probably only use once or twice a week during the summer months. Swimming pools are also expensive to maintain as cleaning, filtering, and other such requirements can easily cost you $2,000 a year.
Pools inevitably need massive repairs or renovations once a decade, which can cost upwards of $10,000. All of this indicates swimming pools aren’t the best additions to your home. These installations do add some value to home during resale, especially in the Sunshine State but the return isn’t always worth the initial investment and annual expense.
- Adding a Bathroom
Adding a bathroom is another luxury you can live without. Most families can do well with just one or two bathrooms and there’s no need to add one to every room. This only increases the cost of maintenance and potential repairs. Even affordable and simple bathroom additions can cost upwards of $40,000 and you will barely get back $20,000 on resale down the line, and that is only if the bathroom is in pristine condition. Unless an additional bathroom is absolutely necessary, this home improvement project is just a waste of time and money.
- Kitchen Remodel
This is one of the most popular home improvement projects but it’s not always a good choice. If your kitchen is in a bad condition, a full-scale remodel will add value and improve its appearance. If it is just a little worn down, a remodel won’t do much. You will only get back around 2/3rd of the value on resale.
If you want to know about our residential projects or are looking for a new home in the Saint Cloud Florida area, don’t hesitate to get in touch with us at A&M Homes through our contact us page.