Texas REALTORS® 2018 Winter Meeting | Feb. 9-13 | Austin, Texas

5 remodel projects that may increase your clients’ resale value

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The framing of a large wooden structure atop a huge slab of concrete.

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.  

Categories: Research, Buyers, Sellers, Homeowners
Tags: texas remodel valuation report, home remodeling, buyers, sellers, research

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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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