31 Dec '14, 4pm

Over-the-top #luxury #home customizations that bring down #real #estate value

Over-the-top #luxury #home customizations that bring down #real #estate value

Backyard water parks. Hedges shaped like animals. A six-person Jacuzzi bath with mood lighting. When it comes to adding value to a high-end home, an amenity with a large price tag doesn't guarantee a return on investment. Sometimes, a customized modification can actually reduce a home's value. But that can be a tough sell to high-end homeowners. "If they have sought out a unique feature, and paid for it, they think it's valuable and will overprice the home because of it," said Brendon DeSimone, real estate expert from Zillow. Over-the-top features and customizations can even degrade a luxury property to fixer-upper status. "I once saw an apartment in the city with Venetian plaster on all the walls. The new buyer would have to take it all off. That comes with a cost," said DeSimone. Here's a look at luxury home customizations that might not be worth the investment: Ornate l...

Full article: http://money.cnn.com/2014/12/04/luxury/luxury-home-custom...

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