Home Renovations That Don't Pay

If you're getting ready to put your house on the market, you have my condolences. It's no secret that the real estate market is extremely tough right now, particularly for sellers. Because the U.S. housing market is flooded with unsold inventory, homebuyers have countless choices available to them - which gives them all the power. If your home doesn't suit their fancy, they'll simply move along to next house on their mile-long property list.

While it's certainly a smart move to make a few improvements, don't overdo it. If you spend stacks of cash on remodeling expenses, you'll probably never recoup your investment - especially in this buyer's market.

So how do you know which upgrades are worth the hassle and which ones aren't? For the most part, real estate experts agree that new kitchen countertops and appliances, bathroom remodels and energy-saving improvements will pay off in the long run. On the other hand, pros point out that the following four upgrades aren't worth your time and money.

Before you invest tons of money in an elaborate full-house renovation project, consider what the competing properties in your neighborhood have to offer. While you want your house to stand out from the competition, you shouldn't make unwarranted upgrades that greatly exceed other properties in the area.  Not only will you end up losing money, but you may even scare off potential buyers.

Find out how similarly priced homes in your neighborhood measure up, and make improvements based on your specific marketplace