Investing without a return can burn! Good thing we’ve found a list of four types of renovations that are better left undone, including a study that the National Association of Realtors came out with on the different characteristics that increase and decrease the price of new housing.
We do take this list with a grain of salt since we are such a unique community; heck, most of the time we set and follow our own trends. However, according to Andrew at BiggerPockets, four things to add to your “Thou Shalt Not” list when it comes to rehabbing your properties include: Fixing a Property Up Too Nicely, Awkward Additions or Upgrades That Don’t Fit the Property, and Upgrades That Are Mostly Just a Headache.
Of all the information packed into this article, the fact that the National Association of Realtor’s still finds that adding a pool adds a whopping zero percent to the sales price never ceases to shocks us!
Do you believe that a pool adds to a home’s sale price? If so, why?