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7 Home Renovations You Shouldn’t Waste Your Money On

  • September 30, 2022

Updating your home is a big deal. Whether you’re sprucing up your place to sell or just want to improve your quality of life, it’s important to make sure you’ll get your money’s worth.

More than half — 55% — of homeowners completed a renovation project in 2021, according to the 2022 U.S. Houzz & Home Study. The median spend per project was $18,000.

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Considering the amount of time and money that goes into just about any renovation, the last thing you want is to finish a project and realize you shouldn’t have started it in the first place.

Therefore, it’s important to think long and hard about why you want to complete the project before getting started. You’ll also want to research the potential value the renovation could add to your property — especially if you’re preparing to put it on the market.

Want to find out if the renovation on your wish list is actually a good idea? Here’s a look at seven renovations to think twice about, along with cost estimates from HomeAdvisor and Remodeling magazine.

Swimming Pool

“People are often surprised to hear that adding a swimming pool provides a terrible ROI,” said Zachary Staruch, team founder and broker associate with The Pelican Team, based in Southwest Florida. “You typically only get about 65-70 cents back for every dollar you spend on a new pool in Florida and the return is even worse in seasonal climates when you don’t get year-round use from it.”

Of course, this doesn’t necessarily mean you shouldn’t build one.

“However, as I tell everyone — including myself when we put in a pool — there can be

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