The introduction of HGTV and the DIY networks brought about a flurry of people wanting to remodel their own homes. Thus, a new line of shows came out like Renovation Nightmares. Home remodeling is not easy, whether you do it yourself or just make the remodeling decisions. Many times, a homeowner looks back and wishes they had left it up to the professionals. The real moment of truth is when your remodel decision had minimal or negative impact on your home’s value. Here are five home remodel decisions you will probably regret, so avoid them at all costs!
Adding a Swimming Pool
I know what you are thinking, “Everyone likes a swimming pool!” While this may be true and adding a pool may not reduce your home value, it likely will not get a return for the money to install it. Having a pool may draw more buyers’ attentions, but it could also discourage them after thoughts of pool maintenance enter their heads. If you already have a pool, great. However, it will likely not be worth the investment to put one in as part of a remodel.
Adding small bits of space, like bumping out a bedroom is quite unlikely to be a good investment. While the bigger bedroom or master bath may look and feel nicer, the extra 30 square feet really will not change your home value much at all. If an addition is necessary, it should be to add a third bedroom or an extra full bath somewhere.
Taking Out Features
Just because you do not like your fireplace, or rarely use it, does not mean it needs to be removed. The next homeowner may be looking for a fireplace and now that feature is gone. In addition, the cost of removal and reconstruction will likely not pay itself off in the long run.
While a beautiful wine room or walk in cigar humidor may sound great to your tastes, it could be useless to many home buyers. Creating such specific spaces not only costs a lot of money but could truly detract buyers from your home.
A do it yourself renovation rarely pans out well, unless you are some sort of contractor by trade. It can lead to frustration, a poor product, and end up costing more money than simply having a professional do it in the first place. When deciding on a home remodel project, avoid the temptation to save a few pennies and do it yourself. Your future homebuyer would prefer to know that wall removal was done the right way, rather than the cheap way.