Where to spend your remodeling dollars—and projects to avoid

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A worker hitting the corner of an exterior wall with a sledgehammer

04/01/2014 | Author: Editorial Staff

If you're renovating a property to add value, the 2014 Texas Remodel Valuation Report shows you exactly where to spend your money. The report analyzed the project recoup costs and recoup cost growth in 2013 for over 20 different remodeling projects nationwide, in the south central U.S., and in Austin, Dallas, El Paso, Houston and San Antonio.

Smaller projects that boost a home’s curb appeal continued to be popular in most markets. Steel entry door replacements, for example, ranked No. 1 for total recoup cost nationwide, in the west south central U.S., and in Houston, recouping up to 105.5% of the total project cost. In addition, projects that increased a home’s livable square footage using existing spaces showed significantly higher recoup cost values and growth in 2013. Basement remodels ranked in the top five for recoup cost in four of the five major cities in Texas, recouping up to 99.6% of the total project cost.

Conversely, costly room additions and upscale remodeling projects were among the least profitable projects. Sunroom additions, for example, ranked in the bottom five for recoup cost in five Texas metro areas, recouping a maximum of 61.3% and as little as 38% of the total project cost.

Download the 2014 Texas Remodel Valuation Report 

Categories: Research
Tags: home remodeling, texas remodel valuation report, research


Comments

Kirk Enterprises, Inc. on 04/09/2015

This blog has proved that a small inside repair work can boost our home’s curb appeal.

Alice 4/24/2014 on 04/24/2014

Thank you for this helpful information.
We are about to start some outside repair work.

Lynn on 04/09/2014

Updating the basement, a Texas basement is the space in the attic, is great for buyers who are down sizing. Perfect place to store items they aren’t ready to part with at the time of their move.

Pamela Weathers on 04/08/2014

The New Texas Remodel evaluation report is not as user friendly as the previous versions that were in chart form, by cities/regions and item updated.
Previous versions were much clearer and usable for client presentations.

Revis Bell on 04/02/2014

Uh….I guess maybe people in Texas should dig a basement before remodeling it since basements are not commonplace in the Lone Star State.


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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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