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Home Improvement Projects That May Not Boost Resale Value
When planning home improvements, it's crucial to consider their impact on resale value. OneMain Financial highlights several projects that might not yield significant returns. Custom additions like unique wallpaper can deter potential buyers due to their specific tastes, potentially reducing a home's market value. Similarly, elaborate landscaping or unconventional garden designs may not appeal broadly, with simpler options often preferred for their lower maintenance costs and wider appeal.
Large installations such as swimming pools and hot tubs come with hefty initial costs and increased ongoing maintenance, which might not be recouped at sale time. Transforming a garage into a living space can also detract from a home's appeal, especially in regions where garages are essential for weather-related reasons. Additionally, while adding sunrooms or solariums might enhance living experience, they do not necessarily promise a boost in resale value. OneMain Financial advises homeowners to focus on renovations that improve functionality and energy efficiency, avoiding highly personalized projects.
R. P.
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