Key Takeaways:
- Swimming pools may look like a great addition to a home. Still, they require regular maintenance and are expensive to keep up, which might not appeal to potential buyers.
- Outdoor kitchens can add some value to a home, but they may only be used during the warmer months and aren’t as practical as other features.
- Home theaters might look amazing, but they are a bad investment if the goal is to increase resale value.
- Detached guest houses aren’t worth the price tag because most buyers are looking for homes with large yards without an additional building taking up space.
- Treehouses are fun additions but don’t positively affect ROI and can be dangerous if not constructed properly.
- Wine cellars provide good ROI if selling homes to buyers with the same interest. However, it means that you have sought out limited buyers.
- Water features in backyards generally bring little return on investment for money spent.
- Sauna rooms also generally have low ROI because of the high cost of construction and maintenance.
- Adding a home gym also does not make financial sense regarding ROI.
You might have thought of remodeling your home at some point as a homeowner. And why shouldn’t you? It offers a lot of benefits. You can make your home more comfortable or look at making it more energy efficient. Or you may think of increasing its cost at the resale time. Well, for any reason getting a remodel is worth the investment. But that doesn’t mean all home remodeling projects are the same.
Ready to turn your home into the envy of the neighborhood, with a pool that makes it look like a mini-Versailles? Or maybe you’re looking to get that summer barbeque party-ready with an outdoor kitchen. Before you drain your savings on these so-called “cool” remodeling ideas, RKG Roofing and Construction lists ten house remodeling projects that aren’t ROI-worthy.
10 “Cool” House Remodeling Projects that Aren’t ROI Worthy
1. Swimming Pools
Swimming pools might seem like a fantastic addition you could make to your house. However, having a pool is not the best idea if you want to sell your home shortly.
Many would prefer to avoid buying a swimming pool-installed home due to its regular maintenance and costly upkeep. Experts suggest that it will only increase the home resale value by 7%, depending on several factors. So, think carefully before adding a permanent fun water feature to your home.
2. Outdoor Kitchens
Outdoor kitchens seem like an excellent idea for a summer barbecue. Still, reselling the property is less beneficial than you think. It could add some value to your home, but nothing compared to other remodeling projects.
Besides that, considering their functionality, you might use them only during the warmer months. In contrast, they will be more than an aesthetic asset to your home during the cold season. Discuss with a remodeling contractor the pros and cons of adding one before taking the plunge.
3. Home Theatres
Who doesn’t like going to the cinema so imagine having one in your home? However, this is one of the worst investments in reselling your home.
A home theatre might look amazing, but you won’t get back what you put in it. Instead of building a whole room dedicated to cinema, invest in a large flat-screen television that can offer the same cinematic experience but with much less money spent. Only invest in the house remodeling project if you’re a significant cinephile and aren’t worried about the ROI.
4. Detached Guest Houses
If you have a big backyard, it might be tempting to build a detached guest house to make room for visitors or even as an extra income source. But it’s not worth the hefty price tag. The ROI on this project is low since most buyers are looking for homes with large yards and won’t want an additional building in it. When adding value to your home, focus on the main dwelling instead of a separate structure like a guest house.
5. Treehouses
Treehouses are a fun addition to the backyard but won’t positively affect the ROI. The project is neither practical nor necessary and can be dangerous if not constructed properly. Besides, it’s not something you should consider if you don’t have children in your home.
Adding a playhouse would be much more cost-effective and add tremendous value to your home’s backyard.
6. Wine Cellars
Another house remodeling project that has a low ROI is the wine cellar. Unless you are an avid collector of rare wines or own a winery, installing a wine cellar won’t add any value to your home if you decide to sell it.
According to experts, a wine cellar may only provide a good ROI if selling homes to buyers with the same interest. However, it also means that you may have to seek limited buyers.
7. Water Features
Installing water features in the backyard may look nice, but they will bring little return on investment for the money spent. Searching for cheaper alternatives when adding water features to your home is best. Consult with a remodeling contractor first before beginning any project.
8. Sauna Room
Investing in a sauna room is also not ROI worthy. Although it may seem like a great addition to your home, building and maintaining a sauna can be expensive. You won’t get much return on investment. Not all homebuyers are looking for a home with a sauna. So, if you’re planning on selling your house shortly, it’s best to avoid it.
9. Home Gym
Adding a home gym to your property does not make financial sense about ROI, either. Although it may seem like an appealing addition for some buyers, the cost of building and maintaining such a facility might be too much for most people. Instead, focus on remodeling other areas of the house with higher ROI potential, such as the kitchen or bathroom.
10. Outdoor Fireplace
Adding an outdoor fireplace might seem a great idea if you enjoy entertaining. However, most buyers are looking for practical features that add value and convenience to their homes. Therefore, this feature may not be worth the cost in terms of ROI.
Related: The ROI Game Changers To Include In A Spring Home Renovation Project
Conclusion
There are a few house remodeling ideas that may look cool but do not have the potential to bring high ROI. While they can add a touch of character and charm to your home, they are not worth pursuing if you’re looking for better returns on investment. Instead, focus on more practical features such as renovating the kitchen or bathroom, which provide higher ROI potential. Additionally, remember to consider energy-efficient updates since they can also help increase the value of your home.
Experienced Remodeling Contractors For Homes in Fort Worth, TX
Does your home need an uplift, or are you thinking about sprucing up your backyard? For any home improvement project in Fort Worth, TX, look no further than RKG Roofing and Construction. We do it all – from roof repairs to kitchen remodels! Our experts have extensive experience that ensures your job will be completed within budget and on time without fail. Let us get started on making your dream house a reality today!
Get in touch with us for a free estimate for your home remodeling project.
