Avoid These 3 Home Remodel Projects If Possible

5 min read

Sure, adding a sunroom, doing a major kitchen remodel or making the perfect home office might seem like a great way to personalize your forever home, but according to Remodel magazine's Cost vs. Value report for 2015, these home remodel projects aren't so great if you're planning to get good return on your investment.

The report, which is pretty darn great and worth a read by the way, breaks down projects by region, average cost, return on investment and even offers a brief description of what they each include. It's pretty darn useful if you're looking to sell your house in the immediate future. It's also great to price out average costs for projects in your area.

So, if you're looking to sell soon or make some practical decisions with your home upgrades, here's a list of projects that you should avoid, if possible. Or at least, don't plan on getting all your money back if you make these upgrades:

Master suite, garage, family room, two-story, sunroom or bedroom addition

Bigger isn't always better. In fact, it turns out that physically expanding your square footage is just really expensive. Once you consider the cost of forming a new foundation and connecting the addition to your existing structure, things just don't pencil out if you're looking for return on investment. According to the Cost vs. Value study, a major addition would only return between 48 and 64 cents per dollar you invest.

Home office remodel

Turns out that adding custom cabinetry and built-in workspaces isn't something with universal appeal. You'd be better off investing in furniture that you can take with you rather than building the perfect desk into that room. The report estimates you'll get less than 50 percent of your initial investment back.

Major kitchen remodel

While having a nice, remodeled kitchen will go a long ways in selling a home, the expense of doing a major remodel is huge. In fact, the study suggests it would cost upwards of $100,000 to get custom cherry cabinets, new stone countertops with ceramic backsplashes, new appliances and a few other things. On average, you can expect to get about $65,000 of that investment back. Sheesh.

Done with the downers? Stay tuned to the blog. Later this week we'll be sharing a list of the best remodel projects for return on investment and a few tips on how to do them more affordably if you're going to do it yourself.