Photo: Brett Sayles

What doesn't add value to a house?

Key Takeaways. Water features like hot tubs and pools don't add home value and can cause disinterest from potential buyers. Installing garage doors has a 94% return on investment. HELOCs and cash-out refinances are two options to help pay for home renovations.

rocketmortgage.com - 6 Home Improvements That Do Not Add Value - Rocket Mortgage

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There are plenty of alternative renovation projects that will be money well spent. Here are some of the best home improvements to make that will increase your property value.

Touching Up Exterior Paint

If you’re looking for a refresh for your home, try repainting your exterior. If you’re sticking to a tight budget, touch up any flaking spots or chips. If you’re able, pressure wash the sides of your home to remove any mold, dirt or debris for a cleaner look.

ROI Estimate: 55%14

Installing Hardwood Floors

Depending on the size of your home and the scale, installing new hardwood flooring can be a large project. However, if your carpet has been through years of wear and tear or if you have a pet-friendly home, it’s the best bang for your buck.

ROI Estimate: 106%15

New Garage Door

Installing new garage doors is the most reliable improvement to your home as it can pay for itself, recouping about 95% of the cost after installation.15 Not only is it a great investment financially, but it will boost your curb appeal and is attractive to potential buyers.

ROI Estimate: 95%16

If you’re feeling that your home is a bit cramped, it may be worth building an additional living space such as an ADU, small casita or hobby shed in your backyard. Keep in mind you must have proper permits before and after construction to see your property value increase. You’ll most likely need a construction addition/alteration permit. If you’re adding electrical, plumbing and gas, you’ll need to apply for these changes via your county offices.

ROI Estimate: 50%19

Not only can you use this add-on space for overnight guests or an office, but you can use it as a fun hang-out area for you and your friends to enjoy. Check out these printable signs below to help personalize your new space.

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