10 cash-wasting home improvements

You may be itching to upgrade, but only one of these is likely to raise your home's value enough to cover the cost. The worst will lose more than half the money you put into it.

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332Comments
Sep 14, 2012 2:27PM
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If the only reason you are doing an upgrade is to sell, then the author is 100% correct. 
However if you are doing a remodel or an upgrade because that extra bathroom or the master suite is important to you then the recovery of the costs in a future sale is basically irrelevant.
You will get the value out of your remodel with your own use, if it adds to the value of your home when time comes to sell, consider that a bonus.

Sep 20, 2012 10:00PM
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I don't know anyone who has replaced a roof for ornamental purposes.  
Sep 14, 2012 3:39PM
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I hate realtors.An dope can be a realtor.Some people actually buy a house to live in,you know.If you think of your home as an investment,you'll never be happy with it.Stop listening to money grubbing jerks who always worry about everyone else has,like the idiot who wrote this article.It'syour home,do what makes you happy.
Sep 13, 2012 10:39PM
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I am reading this article and thinking, what's so wrong with people making updates and upgrades and remodels and being happy? You can't take it with you when your gone. It can't be as bad as buying a new car? I guarantee you wont make any money on that new car.  I am in the remodeling business, and those of us(contractors) who have struggled during these tough economic times need these people. Not to mention its keeping the money in "our" country, "our" economy, and keeping "our" workers working!!
Sep 8, 2012 2:05PM
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Out in the country, when power goes, so does my heat and my well pump, so no water.  A generator is more than just a frozen food saver, the house becomes useless without power.  Return when I sell the house?  How about value received while I live here?
Sep 14, 2012 1:09PM
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Damage from roof leaks can cost thousands of dollars and reduce the value of a home considerably.  The first defense in protecting a home's structure is a sound roof.  Trying to sell a house with a thirty year old roof is like selling a used car with bald tires, it is hard to do.
Sep 20, 2012 11:30AM
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Prices seem very inflated to me.  Are you padding your numbers to make a case where there isn't one?  That would be typical of "journalism" these days.
Sep 20, 2012 8:30AM
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Just noticed......this information came from "The national assoc. of realtor's, National center for Real estate research" ??????.......Really............ I don't think they know squat about the average middle class house, and the family that lives in them!
Sep 8, 2012 3:07PM
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Most people make the addition or remodel for their own comfort, not to increase the sale price. Think of the years of enjoyment you will get out of an inground pool and nice patio.  Don't let articles like this scare you.  Do what you want for your home.

Sep 14, 2012 9:31AM
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I cant believe Iwasted my time reading this bull,,are they kidding with these estimates,,,average ,,no freakin way..Iam a contractor,if I charged like this I estimated like this I would be broke,and Iam not.......
Sep 8, 2012 2:23PM
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I would love to know who they are having do these remodels for the ridiculous costs they have listed here.  200 square foot sunroom for $74,000!?  ARE YOU FREAKING KIDDING ME?  Most houses cost less than $150,000 to build but they are going to try and convince me that a sunroom with 1 sliding glass door and 14 skylights and a few windows is $74,000.  I used to build houses and I can tell you customers are ripped off by hiring a builder to get things done.  Their best bet is to put an ad in the paper and get a carpenter thats out of work to do it because he can do it just as well and knows friends that are out of work that will help keep your costs down. 

Sep 8, 2012 12:06PM
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$58000.00 for a two car garage.. who's the Idiot writing this crap  Warren Buffett  Maybe in NYC or Boston.  But not the average home..!
Sep 20, 2012 8:17AM
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My wife and I like Old homes. The one were in now is 110+ years, as best as we can figure.  The entire article is a bunch of rubbish........especially the pool......I've always heard that inground pools lower the price of your house, or, at least, limit the amount of buyers who look at it.  It's a major headache, and expense that a lot of people don't want to mess with........(the Y is right up the street).  Our roof is 110+ years old standing seam tin roof, which we have sealed and painted every 2 or 3 years..it'll last forever.  What's this person talking about....let your roof leak, instead of repairing or replacing it?  He is joking...must be......just what you need, a bunch of rotton wood and water in your attic....this one blew me out of the water.  Where are they getting $10,000 for a home generator?  Our power company will put one in for $5000.00.  We lost power for 9 days because of hurricane isabell, and I can assure you that it's a worthy investment.  The whole article should be trashed.................I've NEVER heard of a kitchen on a deck for $50,000 dollars, (or what ever it was).  Guess I need to start watching more HGTV to see how people are throwing their money away!

 

Sep 20, 2012 6:07PM
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So according to this article, a contractor has to do everything. What happened to doing work yourself?
Sep 24, 2012 3:21PM
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How come there's NO mention of the ENJOYMENT , PLEASURE and USEFULNESS that  comes from these projects??????????????????

Why are they always tied into resale value? And or return on investment(cost)?????

Looks like I'm gonna keep my Schwinn.

I'm NEVER going to buy a new car. It'll go down in value.

All my shopping will be at the thrift store.

Let's not forget my 13" B&W television.

Sep 8, 2012 7:39AM
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I think the author of this article may exaggerated the costs of these improvements or, like another commenter lamented, these costs may be reflective of the Beverly Hills/San Francisco area, but is certainly not the average costs for most Americans. In my area, due to storms, we generally lose power once a year for 3-7 days due to bad weather and since we live in a critical area very close to the water, we have well water; no power = no water. Prior to purchasing our generator, it would have been very nice to only lose $30 worth of groceries; we love our generator! Our 16x32 inground pool costs about $350 per season to run - this includes opening and winterizing. We have a home office and used existing space - if, when we sell, the new owners don't like it, they can use it as a bedroom or gym. Exaggerating the costs and minimizing the benefits seriously diminishes this author's credibility.

Sep 8, 2012 7:19AM
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I have built inground pools for 35 years and never have I had one to start showing cracks in a few years.  Get your facts straight before writing an article.  Also, the cost of a bedroom and bath addition cost $106,000?  For the 384 sq. ft. that translates into $276.00 per sq. ft.  I could build one house a year and retire in 10 years.  Better still if you could get paid that much why would you ever retire?

Sep 11, 2012 8:29PM
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My bathroom hadnt been updated since 1947! So I guess painting, replacing cracked & broken tile, & insulating & tinting the skylight so its not +/- 20 degrees is a waste of time? In all we spent about $275 & did it ourselves. Its much more comfortable & with modern fixtures I'm sure we could sell our house for at least $300 more than we put into it! Some of those numbers are way overinflated but some contractors will take your money if u dont know any better.
Sep 14, 2012 1:48AM
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Ummm, a person who lives in a place where the power is irregular and frequently goes off "shouldn't" indulge in a generator, but a person who loses power for a day and can't figure out how to do his/her hair should? Or, is the issue that you don't understand "former" and "latter"?

 

I live in a place where two and three-day power outages happen pretty much yearly.  It is a good idea to have the generator because one does want to eat--and no one has power.  Not having power for the refrigerator means that one isn't going to be eating very well for a few days. A generator is a good way to stay safe--and it doesn't have to cost nearly as much as you suggest.

 

We spent perhaps a thousand or so to have the house re-wired so as to be able to include a box to which we could attach the generator--and supply power to the most critical parts of the house (yes, the fridge is one). The generator itself (no, not natural gas, though I would have preferred that) was another thousand or so. A natural gas generator is about $2K. Where the heck are you getting these cost figures?  They are just totally out there.

 

 

Sep 14, 2012 6:16PM
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People from every level of life will buy homes.  Our home doesn't have to be a mansion or have the latest trends.

 

We have updated our home, but it was for two reasons.  It is 21 years old and it needed it and if we decide to sell we want to get the best price for it.  While we are here we want to enjoy it.  If we suddenly pass over, we want it to be in good shape for our children to sell.

 

Our home is comfortable, but the 1% would not be interested in living in it, but as long as we like it that is the important thing.

 

Trends pass.  I noticed that the stainless steel appliances are being replaced with flowered ones.

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