Not all home upgrades add value to the property. In fact, some might even scare away potential buyers. Money Magazine has four cautious tales of renovations that could devalue your home.
- The swimming pool
- The clunky addition
- Trendy Finishes
- The Jacuzzi Tub
In my case it wasn't an addition at all but an unfinished backyard. Our backyard as more than 2/5ths an acre and totally bare, when ever someone looked out the back window I could see them mentally adding $100,000 in landscaping costs to the price of the house. When we went into the deal we saw the backyard as an asset, by the end it had become a liability.