MainStreet has dug up the worst home adjustments that carry the biggest risk factors. Warning: If you’re hoping to sell, don’t try these at home.
10 Risky Home Improvements
California realtor Carrie Benuska was ready to close on a house when the buyer pulled out during escrow. The reason for the last minute turnaround: A bonus room her clients added to the back of their home years earlier. “This bonus room was not bonus at all,” Benuska told MainStreet. “The room spoiled the flow, was built in a sub-standard way, and required the buyers to rip the whole thing off, then rebuild or patch the back of the house where it was added.” The buyer’s unwillingness to fix someone else’s home “improvement” illustrates the catch that comes with some home renovations. You may be in love with your upgrade, but as with any investment, there’s risk involved—namely not getting your money back when you decide to sell your house. Some home improvements drive up your homeowner’s insurance, require you to pay out of pocket for larger repairs or even put your family’s safety in jeopardy. With many homeowners hoping to add value to their homes that lost value in the recession, here’s a guide to the “upgrades” that just simply aren’t worth it. Photo Credit: robochanter