If you’re planning on selling your home within the next year or so, you’ve probably already started thinking about the best ways to increase its value. But if you’re not an experienced home flipper or contractor, it can be tricky to know which projects are worth it and which simply aren’t.
To save you time and money (and a lot of hassle), here are some home improvement projects that just aren’t worth it (and what you can do instead).
Replacing Old Cabinets
Depending on what kind of cabinet material you choose, you could be looking at an estimate anywhere between $1,000 to over $9,000 to completely replace your kitchen cabinets. Materials like laminate are certainly less expensive, but prices on real wood can quickly skyrocket.
As an alternative to completely re-doing your cabinets, you might consider sanding them down and re-staining them yourself (or painting, if they’re laminate) to give them an upgraded appearance.
Extensive Master Bathroom Remodel
Sure, there are plenty of homeowners dreaming of a spa-like master bathroom, but with a bathroom remodel averaging anywhere from $5,000 to over $14,000, it’s probably not worth it.
Instead of dropping thousands of dollars into a complete overhaul, consider some smaller upgrades that can still significantly boost your value. You can give your bathroom a much-needed uplift simply by replacing old sink fixtures, re-caulking the tub and shower, or adding in a stylish backsplash.
Adding on a Room
The national average for building an additional room on to your home is $42,000. And even with the added square footage, there’s no guarantee it will add much (or any!) resale value to your home. How badly do you need that extra room?
A more worthwhile alternative might be removing or adding a wall to create more space (or another room) without increasing the square footage. Another option is to add a deck, which typically costs only around $6,000 and adds desirable outdoor entertaining space (which has been shown to positively affect home values).