For most Americans, their home is their biggest asset.
It's no wonder why so many homeowners put countless hours into maintaining and beautifying their homes. According to a 2010 survey by American Express, the average homeowner spends $6,500 each year on home improvements.
Problem is, many of these "can’t miss" methods are the real estate industry's version of old wives' tales. Some add value to the property and structure, while others are a waste of money -- often times adding little value to the property and in the eyes of a potential buyer.
Here’s a look at the classic misconceptions harbored by many homeowners that will boost your property value. Study this list on ideas for adding value to your home -- before you throw your money away!