A recent article on TransformingTheNation.com.au outlined some of the projects to avoid if you plan on selling your home in the next couple of years because you simply won’t recoup your investment. The writer, Samantha Rayne, highlighted the following money pits for future sellers:
1. SWIMMING POOLS
According to Rayne, reselling swimming pools can be a daunting task. If your potential buyers include homeowners who don’t have time to maintain a pool or individuals who have young children, you can be in for a long search. Plus, most swimming pools don’t come cheap. This makes things even more challenging.
2. DELUXE KITCHENS
Rayne says it will be difficult to recoup your investment in deluxe kitchens because of the hefty price tag. The simple solution is to opt for a cost-effective and practical alternative for your kitchen space.
3. SPA BATHS
Spa baths look appealing at first sight. However, prepare to shell out thousands of dollars for a bigger hot water system, installation and upgrade costs, and steep energy bills. Unfortunately, potential buyers won’t pay extra for a brand-new one because they’re aware of the maintenance costs.
Sunrooms have more disadvantages than advantages. Sure, you will get your tanned look. However, it’s a high-cost project which adds little value to your house’s overall price. To make matters worse, the sunroom’s glass material is a terrible insulator