The top 6 home renovations that will decrease your property value

When it comes to home renovations, it's important to choose wisely. Some projects may seem like a good idea at the time, but can actually end up decreasing the value of your property. Here are six home renovations that you should avoid if you're looking to maintain or increase your home's value: Keep reading!

Installing a pool

Installing a pool is a big decision. They can be costly to maintain and can decrease your home's value by up to $20,000. You need to make sure you are ready for the upkeep and maintenance before you take the plunge. Here are some things to keep in mind before you install a pool.

Adding on a room or second story

When you're considering making changes to your home, it's important to think about how those changes will affect its resale value. You may love the idea of adding a second story or an extra room, but if you ever want to sell your home, those additions could actually make it less desirable to buyers.

Putting in new flooring that doesn't match the rest of the house

If you're considering new flooring, it's important to choose a material that will be timeless and complementary to your home's style. There are many factors to consider when making this decision, but taking the time to do your research will ensure that you end up with a product you love.

Removing walls or doorways

When it comes to design, there are a lot of things you can do to personalize your space. But sometimes, making changes can actually decrease the value of your home. If you're thinking about making any structural changes, be sure to consider how it will impact your home's resale value down the road. Here are a few things to avoid if you don't want to lose out on money later on.

Changing the exterior of your home

When it comes to the exterior of your home, it may be tempting to want to update the facade. However, this could end up costing you more money in the long run. If you're thinking about making some changes to the outside of your house, here are a few things to keep in mind.

Making major structural changes

Making major structural changes can be very expensive and may not even be possible in some cases. Sometimes, it's best to just work with what you have. There are still plenty of ways to make your space your own without breaking the bank.

Although home renovations can be a great way to improve the look and feel of your property, it's important to choose wisely. Some projects may seem like a good idea at the time, but can actually end up decreasing the value of your home. If you're looking to maintain or increase your home's value, avoid these six renovations.

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The top 6 home renovations that will decrease your property value

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