According to Angi’s annual State of Home Spending report, the average American household allocated $9,542 to home improvement projects in 2023. However, not all home renovation endeavors guarantee an increase in a home’s resale value.
According to USN, before you invest in a swimming pool or new addition, you should consider whether the project will pay itself off by getting prospective buyers in the door when it’s time to sell. Here are some common home improvement projects that could decrease the value of your home:
- Too much wallpaper.
- Built-in electronics.
- Wall-to-wall carpeting.
- Swimming pool.
- Garage conversions.
- DIY projects.
- Bold colors.
- Adding a sunroom.
- Textured walls and ceilings.
- Overdone landscaping.
- Outdoor fire features.
- Landscape lighting