The Five Worst Home Fixes for the Money
Make your home improvement projects worth it at resale.
Do your own home improvements
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find the value of a house before deciding what home improvement projects to make
Home improvement is still a high priority for many people in this mortgage crisis crunch for a very good reason. Numerous people want to fix up a home in order to increase the value of a home or get the most money possible when you put a home on the market. Be careful before you invest your blood sweat and tears. There are some home fixes for the money that can make the value of your home decrease if you are not careful.
Whenever someone decides to invess in fixing up a home they assume they will get it back when they sell. This is not always true. Keep home improvements practical to see a return for your money.
Good home improvements versus bad home improvements are not necessarily related to the amount of money spent. Some homeowners even seek professional help with home improvement project planners to make certain a project is worth it at resale time.
Not every home improvement project nets a great return on investment. There are some endeavors that will net absolutely nothing for the money other than looking a little nicer. It doesn't matter if it is an easy project for the home or a project that involved the expense of a general contractor.
This is a list of the top 5 worst home fixes or home improvement projects for the money. These are changes to any home that are ranked last when it comes to getting back the dollars spent on renovations at resale.
The home office doesn’t necessarily get you back what you put into a home at resale. A home office is nice to have, but certainly not a must have. The space is great for the work at home entrepreneur and certainly can be enjoyed. However, the majority of folks interested in buying a home aren’t listing a home office at the top of the list of must haves for a new house.
The return on the investment does not reflect your enjoyment of the area. Al.though this may be one of the least expensive home fixes, it still makes the list of one of the worst home improvement ideas for the money.
Most real estate agents suggest during the for sale period to refer to it as a study, den or hobby room instead of a home office. There is a lot of call for multipurpose space and you don’t have to lock yourself into one use for the home office area.
A backup generator
During the infamous 1999 and going into the 21st century a lot of people invested in generators. Generators are wonderful as insurance for “what if”, but a lot of people aren’t looking for a generator in a house the same as central air or central heating.
A heavy duty backup generator will run a home owner on average about $15,000. The average price recovered at resale is about half of that. In addition, a lot of home buyers may be turned off by a huge generator in the house or around the yard. Not a great investment.
A number of people will add a sunroom to a home. A sunroom is an addition, which means you are adding to the footprint of your home and renovating which is going to cost you a lot of money. The national average for a sunroom is $75,000. Upon resale expect less than half returned.
Adding a sunroom may not be a bad thing in some situations. The room may be a selling point for the house. The costs versus what you can expect to recover at resale doesn’t really make the investment worth it unless you personally wanted one for your home. However, if you are looking for a project to build equity into a house, the sunroom won’t do it.
Upscale master bedroom suite
Up scaling the master bedroom suite sounds great. Who wouldn’t want to sleep in a five star hotel room each night? The upscale master bedroom suite will have a spa bathroom and kitchenette and come with a price tag of over $200,000. A seller can expect to get a little more than 52% back at resale for the master suite home improvement project.
Lots of people that have the updated master suite may not have spent the same amount of time and money on the rest of the house which may seem a little off kilter and turn buyers away.
Upscale garage addition
There are great benefits to garages. Adding a garage when you don’t have one or making a two car garage instead of a one car garage all have their benefits. You want the dream garage. However, a very upscale garage addition may not be a great move for investing in your home and expecting an extraordinary return.
An upscale garage addition would include built INS, durable and easy to clean floor and windows for natural light. Add a two car garage make over at the top of the line for an average national cost of $90,000 and expect a return of around 53%.
He may certainly be impressed, but she certainly won’t. He may be looking at the garage, whle she looks at the kitchen that has not been updated for the last 15 years. Besides, you have to live in the house and not the garage. This is one of the worst home improvement ideas for the money.
These are changes, additions or improvements that you can make to your home if you want to. However, these are the five worst home improvement ideas for your home to get a return investment on your monies.
If you are considering home improvement projects consider makeovers of your current outdated kitchen or bath. These are the two rooms in any home that will certainly show the best return for the money.