Home Value Myths - Busted

by Pool Builders on 03-10-2011 in Articles

Almost everything I read these days will tell you that pretty much everything will increase your home value. Do you believe all of this rubbish? I hope not. Let me clear the air.

1. Adding spiral stairs will not increase your home value. It might allow you to walk to a different level and it might even allow you to refinance your home, since the stairs may be the finishing touches to a completely finished home. But never think for a minute that the stairs in your home will increase the value of your home.

2. Adding any type of a swimming pool in the Northwest or other areas where the pool is seasonal will never increase value. I define increasing value as a positive amount of money that is given back to you after you sell your home. First of all, above ground pools are given no value for the purposes of the appraisal because these are considered temporary structures. If you put in an in-ground swimming pool, it will automatically cost you a lot of money to install and a lot of money to maintain. 9 times out of 10, this will not add value to your home. It may be difficult to sell your home, as a swimming pool may limit the number of buyers that want to maintain the swimming pool.

3. Adding an awning. Come on now it's getting deep in here now. An awning will add nothing to the value of your home. Do you think you'll get more money for your home because of your awning? Not likely. Install awnings, carports, outdoor barbeques, extra outdoor stairs, children's play areas and pay structures, and garden sheds because you need them and want them because they will never increase the value of your home.

4. Installing landscaping. I don't care what the studies say. The first thing I would do is find out who wrote the article and how they define value. If you spend a bunch of money on landscaping, thinking that you'll get it all back when you sell, think again. Most appraisers will not even adjust for landscaping, unless you have weeds and dirt and all of the homes in neighborhood have basic grass and trees. There are about ten important criteria that make up an appraisal and probably about 30 more that appraisers don't even analyze. If you go overboard on landscaping, you will eat less food when you sell your home.

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