Home improvements may not be considered to be home improvements at all if they don’t increase value or make the home more energy efficient.
If you aren’t confident your home improvements are actual improvements and not just a waste of money, ask yourself this:
Is the home improvement something that could save you money?
Does the home improvement make you happier?
Is it money saving over time?
If no is your direct answer to these questions then it’s most likely that you haven’t made a good choice in your home improvement, and maybe it’s not an improvement after all? Consider your options! Maybe you don’t have to improve your home?
Here are a few things that could hinder your cash – stack in the bank, with not much in return:
Why should I not improve the technological sector of my house?
Technology improves at an incredible rate; you wouldn’t want to spend a larger section of your savings on something that could be outdone in half the price by 6-7 months.
Garages can and may also hinder your credit, consider this: investing into adding a new garage to your home could be a money suck for no good reason, since most people regard a home as one with a garage they wouldn’t pay an awful lot extra just to buy a home with a garage.
Swimming pools: Why can swimming pools deter the amount of money you would get if you, some day, decide to resell your home at a value higher than when you bought it? Adding a swimming pool could possibly thwart most average people since they would be afraid of the possible maintenance cost of sustaining such a privilege.
Never forget that, making home improvements could possibly land you a higher resell value of your home; however they could also cost quite an investment and maybe lose you more money than you make.
Try to research about prices of homes and accessories before adding to your own.