What Home Improvements Add the Most Value to Your Property?

A nicely decorated front porch with a luxurious outdoor space can make your home more appealing. Nevertheless, high-end landscaping typically adds less value than its cost, making it a project with a low recoup rate. While it undoubtedly enhances the curb appeal, the cost per square foot might not translate to potential buyers. This might be due to the fact that personal tastes can significantly vary when it comes to outdoor decor.

Adding a swimming pool to your property might seem like an improvement that will attract potential buyers, especially in warmer regions. In reality, the average return on this kind of investment is less than 50%. The costs for maintenance and the increased insurance expenses might discourage many interested individuals.

One might think that luxurious installations such as smart home technology or an advanced home office system will increase the home’s value. However, these types of upgrades usually don’t return the investment. Luxury improvements are often niche and may not fit the taste or budget of most potential buyers.

Converting a bedroom into a home office or gym might seem wise, and you might even be considering knocking down a wall to create a larger space. However, reducing the number of available bedrooms can affect your house’s value in the wrong direction. Most families require a specific number of bedrooms, and altering that may decrease the number of interested buyers. Amping up the aesthetics with nice work desks or window treatments cannot recoup the loss of a bedroom.