This is a fun article with info from a UK home improvement show. Their findings? Not all home improvements will help your homes value. Teir list ofthe top 20 value destroyers is below. (in pounds, not dollars).
Top 20 loss makers in the homeProblems in selling (sale price loss in brackets):
1 Not dealing with a structural disaster (£100,000)
2 Bad extensions (£20,000)
3 Smell of tobacco smoke (£16,000)
4 Outdoor swimming pool (£15,000)
5 Additions such as "humorous" gnomes and stone cladding (£15,000)
6 Textured finish to ceilings (£14,000)
7 uPVC windows (£12,500)
8 Smell of pets (£10,000)
9 Poor DIY (£10,000)
10 Avocado bathroom suite (£8,000)
11 Nightmare neighbours (£7,500)
12 Toilet in the wrong space (£6,000)
13 Pine furniture (£5,000)
14 Large sofas in small rooms (£4,000)
15 Overgrown gardens (£3,500)
16 Installation of fake period features (£3,000)
17 Floral or flock-patterned furnishings (£2,500)
18 Laminate flooring (£2,000)
19 Themed rooms (£1,500)
20 Carpet in the bathroom (£1,000)
Its too bad that a pool reduces your house value by over $25K. My wife wants to add a pool to our house some day. $30K to put it in, $25K off the value of the house. It adds up!
Posted by georgegmacdonald at November 14, 2004 11:39 PM