Ever wondered why your home won't sell, @Lord_Nougat ? These ‘home improvements’ could wipe thousands off your property value - Upgoat

Ever wondered why your home won't sell, @Lord_Nougat ? These ‘home improvements’ could wipe thousands off your property value
submitted by paul_neri to whatever 9 monthsJul 18, 2024 19:11:31 ago (+2/-1) (www.msn.com)
https://www.msn.com/en-au/money/homeandproperty/these-home-improvements-could-wipe-thousands-off-your-property-value/ss-BB1pW9SI?ocid=msedgdhp&pc=HCTS&cvid=35bb26156a6b4a00a8cf80db1a33dd9e&ei=47#image=6

They may be a must in LA or on the Gold Coast of Australia, but there’s really no call for a pool in a property in the UK. Josh claims that because of our unpredictable weather, buyers may be wary of taking on maintenance costs for an amenity they can only use a few times a year. On the contrary, eXp estimates an expected value boost of 4.5% or £12,662 for homes with a swimming pool. Unfortunately, however, it’ll still result in a net loss due to the average £47,500 it costs to install one.

Expected loss based on renovation cost vs value change: £34,838

Compare the £34,838 to the cost of leasing a comparably sized local pool for your exclusive and personal use for X number of years, if you could even find one. That's not even considering the difference between being a few steps from your back door, and having to literally travel.

Easily $30K per month in time and trouble + actual cash expenses.

Sign into an existing account