Not all renovations are smart renovations.
If you’re strategic about your projects, you’ll be rewarded with a high ROI 💰. If not, you may find the money you put into your home won’t come back 😬.
The word for doing renovations is moderation.
Don’t overdo and don’t spend too much 🚫💸.
Here are 5 overrated renovations:
Upscale bathroom renovations 🛁: Don’t rebuild the bathroom if you don’t need to. Instead, focus on finding budget-friendly fixtures and a vanity to replace an outdated bathroom.
Upscale kitchen renovations 🍽: Completely rearranging the layout of your kitchen is pricey. Instead, try painting cabinets, changing fixtures, and adding a backsplash.
Additions 🏠: Unless you plan to stay in your home forever, an addition will provide a low ROI of 45%.
Major landscaping features 🌳: Think outdoor kitchens, gazebos, putting greens, etc.
Trendy fixtures 💡: While you may love the look of thousand-dollar faucets and light fixtures, buyers may prefer a traditional look.
Remember—what’s worth the extra money can be subjective.
If you don’t plan on staying in your home forever, don’t go all in on the projects. 💡
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