When it comes to luxurious living, location is the crown jewel of home ownership. But which high-end amenities offer a return on investment — and should therefore be considered — and which don’t?
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Strong curb appeal
Everyone wants a nicely manicured lawn and attractive landscaping, but going overboard with extras such as complex water features, animal-shaped hedges or a jungle-themed entryway is not universally appealing, and could be detrimental to your home’s value.
Master bedroom with a walk-in closet
Most people spend a lot of time in their bedrooms, so these spaces need to be extra special. A serene retreat — complete with large, fully functioning boutique-style walk-in closets — represents the ideal for many homeowners.
Spacious bathrooms that offer serenity and solitude — with soaking tubs, steam showers and heated floors — are highly desirable. But installing a hot tub that comfortably seats six is going overboard.
High-end audio-video systems
Deluxe home theater and stereo equipment doesn’t have lasting value, because this technology becomes outdated so quickly. Unless you’re installing a home theater for your own long-term enjoyment, think in simplistic terms. Typically, if the residence is wired for custom audio-video, then you’re all set.
In-ground swimming pool
While an in-ground swimming pool is expected in some parts of the country, like Arizona and Florida, a pool in more seasonal climates often doesn’t add much value to your home and could even decrease its value.
Why? Pools are a high-maintenance, costly feature that many consider dangerous, especially families with young children. And adding water slides, waterfalls, virtual amusement parks and other backyard elaborations is a financial no-no.