If you’re tempted to jump into the red-hot housing market or simply want to make improvements to your property that will retain value, keep in mind that not all home improvements are created equal. Here’s a list of 10 renovations that you might want to avoid if you’re hoping to get your money back when you sell.
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1. Luxury upgrades
Unless you live in a luxury neighborhood where all the bells and whistles are expected, consider a minor kitchen upgrade rather than a high-end remodel. A high-end kitchen will recoup around 54% of the costs, according to Remodeling Magazine’s 2020 Cost vs. Value Report. On the other hand, you’ll get back 77% of your investment if you opt for a less-extensive kitchen remodel.
2. DIY projects
Duct taping pipes together, laying your own floors, and custom painting walls can all be fine, as long as you possess pro-level skills. If your DIY projects look like DIY projects, though, potential…