This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Home Improvements You're Wasting Time and Money On

Replacing a fiberglass entry door  
You love your old, scuffed-up fiberglass door. It looks like home and, for all you know, has been saving you hundreds in heating and cooling costs for years.  

It's just too bad that door's been lying to you this whole time.  

Not only is a fiberglass door nearly three times as expensive as its steel counterpart, but it's also not doing your house any big favors. A $3,600 fiberglass door loses roughly 44% of its value the minute it's installed. A $1,000 steel door, meanwhile, isn't nearly as aesthetically pleasant, but retains 73% of its cost. At that rate, it's the most valuable single remodel you can do to your home.  

Bathroom addition  
This one's a really tough call families in one and one-and-a-half bathroom households struggle with every year once it's time to host holidays and family reunions.  

If you love your old home but would love it more of the folks who built it a century ago took 21st century personal space needs into account, the cost of another bathroom is probably the deciding factor. Even on the cheap, a 6-by-8-foot bathroom addition can cost upward of $40,000. While your family and visitors will no doubt appreciate it, it'll be underwhelming to homebuyers who've been looking at properties with the same number of bathrooms all day.  

A bathroom addition automatically drops 50% of its value, which means the $40,000 you spent to stop your family's ceaseless complaints tacks on only $20,000 to your selling price. Thanks for the $20,000 loss, kids.  

Backup power generator  
Emergency preparedness comes at a price, especially for worrywarts.  

Yes, there are some folks who live in areas of the country where the grid isn't all it could be and where power gets knocked out on a fairly consistent basis. Then there are those who lose power for a day and wonder how they're going to do their hair.  

The latter may not think dropping $15,000 for 70 amps of emergency power is a big deal and may dismiss the 53% of the investment that never makes it into a home's resale value. The former may want to reconsider paying $15,000 to get $7,000 if the only reason they're getting a generator is to prevent $30 in groceries from spoiling the next time a transformer blows.  
3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 0.00%
FB $117.43 0.00%
GOOG $692.36 0.00%
TSLA $232.32 0.00%
YHOO $36.01 0.00%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs