If you're planning on or remodel or home improvement project the last thing you want to do is start with some projects that just don't offer you the best rate of return. You don't want to put more money in then you're likely to get out so by doing a little bit of research ahead of time, you can be ahead of the game, essentially, with finding some of the best projects instead.
Here are some of the worst home improvement projects.
#1. A second bathroom.
Now, you might think that it is a great addition to a home, even a half bathroom, and while you and others might appreciate it, you probably won't recoup the full renovation costs when putting your home up for sale. Adding a bathroom is an expensive proposition that could run upwards of $25,000 or more. But, homeowners can only expect to recoup about 60% of that. If you have no intention of moving and have the funds, adding a second bathroom could definitely be a benefit to the house, but don't do it in order to get more money out of the house.
#2. Anything over the top and luxurious.
Unless you are planning on staying there, don't go top-of-the-line with materials and finishes. You may not want to go bottom of the barrel either, but over the top appliances, materials, finishes, and fixtures will only add to your cost without giving you a great rate of return.
#3. Swimming pool or hot tubs.
Only put one of these in if you're going to stay there and you really want it. Because chances are, most buyers are not going to want this type of luxury, especially in the Portland area. It's time-consuming, high maintenance, and could be a hazard to small children or pets. This is definitely not something to put in to try and sell your house.
#4. Too many built-ins.
A built-in here or there might seem convenient and, when done in the right way, can be attractive. But, too many built-ins were built in electronics really limit new homeowners and may actually be a deterrent. Don't spend the money and just enjoy what you have.