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
California Retail Property Sells for $5.95 Million at French Valley Marketplace
SRS Real Estate Partners closes $5.95 million sale of 7,226-square-foot retail property.
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realestate
Cape Cod proposes luxury tax to fund affordable housing initiatives
Regional authorities introduce mansion tax to boost revenue.
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realestate
Boston Real Estate Leader Damien Chaviano Honored for Visionary Development
Boston Real Estate Times Honors Damien Chaviano with 2023 Development Leadership Award