These two home improvements won’t get you a good return on your investment.
Today I’m sharing two home improvements that you may enjoy but won’t bring you a great return on investment when it’s time to sell.
- Pools. If you want a pool, I recommend buying a home that already has one. People love their pools here in South Jersey, so if you truly want one in your yard, go right ahead. Enjoy it with your family and friends. However, installing a pool today is about a $30,000 to $40,000 investment— even more if you want to install LED lighting, waterfalls, or a whirlpool too. You won’t get that much of a financial return on your investment.
“Earnestly consider both of these items before installing them.”
- Solar panels. Solar panels and wind-resistant windows and doors are excellent things to install if you want them, and there’s fantastic financing to help you get them. However, when it comes to selling, there won’t be any substantial increase in value to your property for having these things.
Pools and solar panels will entice some buyers, but they won’t necessarily appeal to all of them. Some just won’t want to deal with the maintenance or extra costs that come along with these features. So earnestly consider both of these items before installing them on your property.
We’re currently in a wonderful market with significantly low interest rates. It’s never been a better time to sell in the Jersey Shore. If you want more information on ROI or any other real estate topic, call or email us. We would love to speak with you.