Did you know that there are home improvements that will not increase the value of your home? In today’s video, I’m going to share 5 home improvements that you shouldn’t make. Since they won’t increase your bottom line at resale, it’s best to save your money, time, and effort on unnecessary upgrades. While most people think putting money into your home will automatically make it worth more when selling, I’m going to explain why this simply isn’t true. I said, not increase the value of your home.
5 Home Improvements You Shouldn’t Make
#1: Upgrading Your A/C Unit
The first thing that will not bring more value to your home is an air conditioner. While your HVAC system is important, buyers will simply expect it to be in good working condition. Should you have an AC unit, they only care that it’s working properly. If it’s energy-efficient, that’s even better. Replacing it, though, will not increase the sale price of your home.
#2: Replacing Your Roof
The second home improvement that won’t bring a bigger return on your home sale is the roof. People expect a roof. You’re going to have a roof on your house. Therefore, you don’t have to have a new roof to increase the value of your home. Prospective buyers only expect it to be in good working condition. Replacing a roof can be extremely expensive, costing upwards of $30,000. To see that same value increase on a home sale is unlikely.
#3: Replacing Mechanics
Another home improvement that will not reap a return on investment is your home’s mechanical systems. Again, people expect them to be in good working condition without any major issues. What they don’t expect them to be is top of the line or brand new. Imagine yourself as a buyer. When you’re going through the home, wouldn’t you primarily expect that your new house has good mechanical functionality, such as the electrical panel? You wouldn’t expect to have to replace them. So having them in good working condition is all you need.
#4: Improving Or Replacing Windows
Improving or replacing windows will not affect your bottom line. The main expectation of potential buyers looking to purchase your home is simply that they’re operational. If they’re in good operating condition, they don’t have to be new. If you want to replace your windows for curb appeal or because you feel like it, go ahead—but know that they won’t give you any extra money on the resale of your house.
#5: Adding Solar Panels
I’m frequently asked if installing solar panels will help a house sell for more money. The answer is no. If you have solar panels, that’s a great addition to have. If you’re leasing them, however, it’s a detriment to your sale. You will need to pay off the solar panels before you can sell your home, so it won’t improve the value of your property.
I hope this helped you realize what home improvements you shouldn’t make if you’re trying to increase the value of your house. If you’re looking at making some other type of home improvements to selling your home, feel free to contact me and I’d be happy to advise you further. Make sure to stay tuned to my next video for more real estate advice!