5 remodel projects that may increase your clients’ resale value
04/01/2015 | Author: Editorial Staff
If your clients are looking for ways to improve their real estate investment, they may want to start outside. The 2015 Texas Remodel Valuation Report, released today by the Texas Association of REALTORS®, explains that remodeling projects that improved a home’s outward appearance often recouped more than the total project cost.
The doorway to profit
Entry door and garage door replacements ranked in the top five most-profitable projects nationwide, regionally, and in four Texas cities. These projects recouped up to 113.2% and up to 107.6% of the total project cost, respectively.
More space, more return on investment
Projects that maximized existing square footage, such as basement remodels (recouped up to 98% of total project cost) and wood deck additions (recouped up to 116%), were also good investments in 2014.
Where to spend ... and where to save
The most profitable project of 2014 was the installation of back-up power generators, which recouped up to 129.2% of total project cost, while sunroom additions showed the least return on investment in most markets, recouping as little as 29.3% of the total project cost.
Download the full report to see how project return compares across Texas markets and nationwide.
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