Worst Value Home Renovations
In the past I’ve written about the best value home renovations and this time I bring you an article about the worst value home renovations. However, just as in the past articles, I think the most important factor in deciding whether or not you should undertake a particular renovation is whether or not you will enjoy it (and, of course, if you can pay for it). Whether you can get a ROI on it should be a secondary, if even that, concern.
That being said, the four value killing renovations are adding a swimming pool, poorly designed addition, trendy finishes, and a fancy schmancy jacuzzi with fifteen jets and a masseuse hidden in a separate compartment. Now, if you read the descriptions in the article linked below, it’s pretty obvious why some of these are a bad idea (maintaining a pool when you don’t want one is a major turnoff).
via CNN Money.
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There are 2 comments, add your thoughts now!
Another bad thing about swimming pools: many states, counties, and cities love to tax the heck out of them. Our friends across the street have a house very similar to others on the same street, but they have an assessed value $75,000 more than any other house. Why? Because of their swimming pool which certainly didn’t cost $75,000 to put in.
Oh, and don’t forget the huge jump in your homeowners insurance for having a pool.
I can concur that the fancy Jacuzzi is NOT a worthwhile investment. After a year we stopped using it as much and now have to change water 3-4 times per year, add expensive chemicals so it’s ready when we do want to use it and of course heat the water and keep the Gazebo stained.
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