T
he average home renovation costs around $41,600, with prices ranging from $1,200 to $82,000 depending on the size and scope of the project. While renovations can increase property value, some features may not be worth the initial cost when selling in the future. Here are seven home features that buyers often don't want.
A garage conversion into a den or office space might seem appealing, but most people prioritize parking over additional living areas. According to Angi, a garage remodel costs around $18,000 and doesn't always boost resale value. Elizabeth Dodson notes that a functional garage is more attractive than a specialty room with parking issues. Review local listings before investing in a garage project, as many buyers seek space for their vehicles.
An alternative dwelling unit (ADU) can be a good investment if you plan to rent it out, but it may deter potential buyers when selling your home. Installing an ADU costs around $180,000 on average, with no guarantee of return on investment.
realestate
7 Overhyped Home Features to Avoid, According to Real Estate Experts
Average Home Renovation Costs Range from $1,200 to $82,000, Averaging $41,600.
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realestate
Buyer found for Robin Williams' previous Seacliff residence
Seacliff home of Robin Williams sells after a year on the market
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Potential for Development in Far North Side with Broadway Upzoning
Zoning proposal aims to transform Broadway on Chicago's Far North Side
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Booming real estate market in Alabama defies economic changes
Alabama real estate market sees growth in home sales and prices, providing more choices for buyers.