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
Brown & Riding Names New Real Estate Practice Head
Veteran leader with industry expertise and regional insight
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realestate
LA's affluent neighborhoods face gentrification threat from investors
Fires may exacerbate LA's affordability crisis, pricing out low-income residents and making the area exclusive to the wealthy.
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Maine's Housing Market Surprises with Resilience
Maine's Real Estate Market Begins to Balance After Years of Low Inventory and High Prices.