6 Renovations That Will Give You The Best And Lowest Return On Investment

Dated: 04/20/2015

Views: 1677

Thinking of adding a deck this year? Need to replace your garage door? While you may not be looking forward to spending money on those upgrades, there’s good news: They may help your resale value.

The 2015 Texas Remodel Valuation Report, released this week by the Texas Association of REALTORS®, shows that garage door replacements recouped up to 107.6% of the total project cost, ranking in the top five most profitable projects nationwide, regionally, and in four Texas cities. Wood deck additions recouped up to 116% of their cost.

Those aren’t the only upgrades that were good investments in 2014. Here are three others you may want to consider:

  • Back-up power generator. The most profitable project, which recouped 129.2% of its cost.

  • Steel entry door. Installing this type of door recouped up to 113.2% of its cost.

  • Basement remodels. Projects that maximized existing square footage were good investments last year, with basement remodels recouping 98% of their project costs.

And here are three you might want to save for another time:

  • Sunroom addition. This project showed the least return on investment, recouping as little as 29.3% of the total project cost.

  • Home-office remodel. Renovating a home office closely follows sunroom additions as one of the least profitable remodeling projects, recouping a maximum of 62.2% of the project cost.

  • Master-suite additions. Both typical and upscale renovations were unprofitable. These projects ranked among the five least profitable projects.

View the full report on texasrealestate.com.


Source: http://bit.ly/1avMUVf

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If you’d like to make this the year you finally buy your dream home, I’d love to be the one to help you make that dream a reality. 

Feel free to call or text me at 254-290-1012, or e-mail me at darcy@killeenlistings.com.

~Darcy Staudacher

Texas REALTOR®

The Real Estate MarketPlace

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Chip Franks

The Supreme Commander of The Real Estate MarketPlace and A Good Guy, In General! Ron "Chip" Franks was born in 1972 in the thriving metropolis of Killeen, Texas and makes his profession there as on....

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