Remodeling projects that won’t pay off when your clients sell

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A toy house on top of a stack of $100 bills

04/20/2016 | Author: Editorial Staff

Not all remodeling projects are wise investments. In fact, some don’t pay off for homeowners at all, according to the 2016 Cost Vs. Value Report from the National Association of REALTORS® and Remodeling magazine.

Share this infographic that lists the five least-profitable—and five most-profitable—remodeling projects.

Categories: Business tips, Buyers, Sellers, Homeowners
Tags: homeowners, remodeling, research, infographic


Comments

LyLy Fisher on 04/21/2016

This info may be correct for a specific price range homes, in the low range.  I have been in RE for 22 years, not a single Client give any care about the insulation or garage door.

Bill Billis on 04/21/2016

New front door…........

Susan on 04/20/2016

I dunno about this chart…I could be wrong but I’ve never had a client ask what kind of garage door does this house have…or, oh wow look at that garage door… They ask about flooring, appliances, counter tops. They seem to not care what the price hike is as long as they are installed.
So I’m perplex at how a new garage door can add more percentage value to a home then granite counters or hardwood floors.

Donald Thomson on 04/20/2016

I agree with Mike above.  I always try to be honest with my clients and managing expectations from buyers. While some improvements may not carry much financial value, a lot of things homeowners do can add what I refer to as “marketing value” that can certainly help sell the home.

Mike McEwen on 04/20/2016

Even though many of those improvements do not return 100% of their investment, they sometimes are the difference between a sale and not a sale; and that needs to be taken into consideration.


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