Not All Home Improvements Are Worth It
Not all home improvement are created equal. Some will never pay you back the full value of your investment.
Financial Web recently published an article citing two improvements that don’t pay back the full investment. They mention spa and pools and special purpose rooms. On pools and spas Financial Web says:
“The number one money trap for many home owners is installation of a
pool or spa. Very few residents are actually willing to pay the cost to
own and maintain a pool in their home.”
On special purpose rooms, they say:
“Adding a bedroom or bathroom to your home will generally add value.
Adding a recreation room, sun room or movie room, on the other hand,
will not often pay off.”
You can read the full article here –> Unrewarding Home Improvements to Avoid.
Obviously if you’ve already invested in these improvements, you will not get the return. However, if your purpose is sheer long-term enjoyment of a pool or spa, go for it. But, remember, other people (like buyers) won’t pay the premium for the pool or spa that you added.
When buying a Daytona Beach Home, keep in mind that what others value about their properties may not translate into the appraised value.
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