9 Changes You Think Add Value to Your Home, But Don't

By John Persinos
October 06, 2010

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.

They're also confident they know the best ways to boost the value of the structure and property. When the time comes to sell, they're hoping these changes will help increase their returns -- and give them an edge over other properties for sell in their neighborhood.

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!