Upkeep is more popular than upgrades these days, say the experts at Remodeling Magazine. While there are lots of remodel projects that can increase the value of your home and bring about a nice return on investment, some projects just aren’t worth your time and hard-earned dollars. If you’re thinking of selling, stay away from these remodel projects and opt for the ones that give you the best value.
The standard home office renovation – complete with plenty of built-in storage and high-tech wiring – doesn’t even make it to 50 percent return on investment. If you have an office area opt for something that can be easily converted back into a bedroom or den for (or by) the next buyer. Second, when you're selling, call it a study, den or hobby room. If buyers don’t have home office needs, it will be a confusing space for them.
Sunroom addition. Your first clue: The word "addition.” This typically means expanding the footprint of your home, which is not a renovation for the faint of heart. It’s an expensive project that will only return about 48 percent of the investment and, when compared to other renovations, just isn’t at the top of most buyer’s lists.
The upscale master suite addition also ranks low on the list. While it would be great to wake in a five-star-hotel-quality suite with an attached spa bathroom and a kitchenette, once you see the price tag, it won't be worth it. It was a trend for a while to try and create that luxury resort feel in the master bedroom, but with space and money at a premium, buyers are looking at the points that really matter to them. Plus, while the next buyer may appreciate your luxury accommodations (which could even tip their decision in your home's favor), chances are they won't want to pay the full tab for your recent remodel.