Angie's List Report: Projects That Won't Increase Your Home's Value

Reported by: Amy Katcher
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Updated: 4/09 10:43 pm
(WDEF)  You need to be selective about what home improvement project you choose, because every project won't add value to your home.
        Angie's List says if you want to add value with your home improvement projects, there are three common mistakes you should avoid.
        Angie Hicks of Angie's List said, "Be sure that you balance your needs and your wants. Maybe you want a new deck, but you need a new furnace and only have money for one. Be sure you invest in those needs first because it will be a better return on your money."
        You also want to avoid over-investing in your home.
        Hicks added, "Remember kitchen and bathrooms are the best things to invest in because they get the best return on investment, usually around 85 percent. But don't overinvest here. The goal is to keep up with the Jones, but don't be the leader in your neighborhood. If your neighbors all have two bathrooms, don't put three in your house."
        Another big mistake homeowners make? Not taking enough time to do your research.
        A project installed poorly won't add value to your home.
        Hire a reputable contractor.
        Nancy Burk works as a real estate agent.  He said, "Painting is a really common thing that it takes a good steady hand to make a good steady line, especially where you are cutting into your ceiling so be very cautious when you say you can do this yourself. You may need a professional."
        Angie's List says unless yours is the only house on the block without a pool, it's not a good idea.  In most cases, you won't get back even half of the money you spent when it's time to sell the house.
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