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
Foreclosures, repossessions rise after pandemic lows
Bank repossessions of homes up 33% YoY; foreclosure filings rise 17%, per new ATTOM report.
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realestate
Barnes & Noble founder’s widow faces huge lawsuit.
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realestate
Exclusive: Upstate NY's Sprawling Listings Set Record Prices
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