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Posted on November 24, 2024
While preparing to sell your home, adding value through smart home improvements is essential for maximizing the return on investment (ROI). However, not all projects pay off. Here’s a breakdown of common projects that might cost you more than you’ll get back, along with cost-effective alternatives that can boost your home’s curb appeal and resale value.
Average Cost: $20,000 to $50,000+
Customized kitchens can be highly appealing to the interior of your home, but this appeal is often considered a personal one, which varies from person to person depending on their personal style. This means that making an investment in this type of project doesn’t guarantee higher returns. Expensive finishes or layouts can limit appeal, as tastes vary widely among buyers. Also, kitchen trends change quickly, which makes customizations outdated within a few years.
Average Cost: $35,000 to $65,000+
Many homeowners dream of having a large pool in their backyard. While it is considered a luxury to have a pool, it also costs a lot of money to maintain the pool, which may not appeal to everyone. Many buyers consider pools a liability, especially in colder climates where they are only used a few months each year.
Average Cost: Varies based on type and amount of plants
Having a perfectly trimmed lawn and a garden filled with exotic flowers seems like a great idea to carry out, but you need to remember that maintaining a lawn like that is going to cost a lot more money than it took to install it. Taking care of the lawn, trimming, watering, and fertilizing the flowering plants, are all maintenance tasks that will take up a lot of your time. This makes the option a high-maintenance investment, and while a lawn might enhance the curb appeal of your house, it is not going to add any monetary value to your home.
Average Cost: $650 to $4,000
Using a remote control device to close the blinds from the couch might seem fun during a lazy day, but it is less of a necessity than an unnecessary expense that you might spend your hard-earned money on. The average cost to install these high-tech blinds is between $1,200 and $4,000, and when they break, the repair cost may become an extra burden your wallet isn’t ready to handle. This makes regular blinds an easy choice, allowing you to easily maintain and replace them.
Average Cost: $2,000 to $10,000+
While a smart home improvement project system may sound attractive, its appeal is limited, especially since tech becomes outdated quickly, leading to extra costs for upgrades. Buyers may not see your smart home additions as necessary, which could reduce your overall ROI.
Average Cost: Varies, but can add up quickly as trends change
Keeping up with the latest trends to remain in vogue is a fun thing to do, but is it a good investment for your home? According to most realtors, it is a huge no. You might feel nice to have a trendy house, but in reality, it is considered a personal choice that doesn’t add any real value. You also need to understand that trends do not last forever and tend to go out of fashion after a certain time, so spending money on contemporary interiors is a waste of money.
Average Cost: $1,900 to $10,000
Installing a luxurious bathtub in your bathroom might sound like a great idea, but in reality, they don’t have any practical use, nor are they necessary. And if you are someone who believes in saving water, the bathtub is not an option for you, because, after its installation, you will be wasting a lot of unnecessary water for no use. They also take up a lot of space and require maintenance, making them less attractive to some buyers.
Average Cost: $500 to $10,000+
Having a built-in fish tank in your home might be an intriguing experience for you, but it requires a lot of maintenance to keep it functioning. Changing water, providing food and oxygen, and cleaning up the mess requires a lot of money, too. If you are thinking of getting a built-in fish tank, you should know it may end up costing you more than you originally thought.
Average Cost: $500 to $3,000, depending on the area that needs to be painted.
Bold paint colors can make a room stand out but are also a personal choice that may not appeal to all buyers. Neutral colors tend to have broader appeal, while bold tones can be off-putting for buyers who want to personalize their space once they’ve purchased the home.
Average Cost: $700 to $8,000
Like any other expensive product, having a high-tech and innovative toilet inside your powder room is a nice thing to flex in front of your neighbors and contemporaries, but is it really something that you need in your house? Although the answer can be subjective, it is not a necessity for an average American household, which you should consider before installing it. You might enjoy the technical advancement, but if you ever think of reselling your home, it might be as appealing to new homeowners.
Instead of choosing the options we mentioned above, you can improve the value of your home by adding the following alternatives.
Your roof plays a crucial role in protecting your home’s value and structural integrity. A well-maintained roof typically returns around 60% of its cost during resale, making it one of the smartest investments you can make. Regular inspections can catch small problems before they become expensive repairs, while prompt maintenance helps extend your roof’s lifespan. When replacement becomes necessary, choosing quality materials shows potential buyers that you’ve invested in the home’s long-term durability. This attention to fundamental home protection often proves more valuable, rather than flashy, upgrades.
Installing a chimney is a valuable investment that adds both charm and function to your home. A well-constructed chimney enhances energy efficiency by providing a direct route for ventilation and heating, which can lower the cost of your natural energy bills. Proper installation also ensures safety by using quality materials, correct sealing, and an appropriate chimney liner, all of which prevent smoke and moisture from entering the home. Adding a chimney shows potential buyers that you’ve thought about comfort, functionality, and long-term durability, making it a smart, attractive feature that adds value to your property.
Cool roof shingles reflect more sunlight than regular ones, keeping your home naturally cooler during hot summer days. When your roof stays cooler, you’ll use air conditioning systems less, which means lower energy bills every month. They also protect your roof from sun damage, helping it last longer and saving you money on repairs. It’s a simple upgrade that brings you comfort, savings, and peace of mind for years to come.
Your gutter system serves as your home’s primary form of defense against water damage to your foundation. A well-designed and properly maintained gutter system channels water away from your home’s foundation, preventing expensive structural issues and basement flooding. Regularly cleaning and maintaining your gutters, along with proper sizing and installation, protects your investment far better than many visible upgrades. This fundamental home protection system might not be glamorous, but it’s essential for maintaining your home’s long-term value.
If you are considering a home renovation, there are multiple things to take care of instead of just its appearance. We agree that curb appeal might give your home the visual impact it deserves, but if you start looking beyond that and consider the long-term value of your investments, you have a better chance of improving the overall value of your home.
Your home’s basic systems and structural integrity should always take priority over trendy upgrades. Regularly maintaining fundamental elements like roofing, plumbing, and electrical systems typically provides better returns than luxury additions. Remember that future buyers will be more impressed by a well-maintained home than one filled with flashy, but impractical, features.
A thoughtful approach to home improvement means balancing necessary maintenance with strategic upgrades. Instead of investing in expensive custom features that only appeal to a narrow market, focus on improvements that enhance your home’s function and efficiency.
When you’re planning for an easy home improvement project, focus on practical upgrades that make your home both beautiful and efficient. The exterior of your home isn’t just a compilation of basic features, it’s your home’s first line of defense and what catches every buyer’s eye.
At B & A Roofing and Gutters, we understand your need to make wise investments in your home. It’s our responsibility to help you choose improvements that will protect your investment and appeal to future buyers. Our team specializes in the upgrades that matter most, from durable roofs to energy-saving features that will make your home more valuable and easier to sell. Let us help you make the right choices for your home’s future. Call us today at (601) 520-3183, and let’s work together to enhance your home’s value with improvements that truly matter.
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