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15
Jul

Top 10 Renovations that Reap Returns on Investment

Making the most of your home improvement investments can be tricky, subjective, and sometimes - expensive. As a real estate professional, I’m often asked by potential sellers to price homes higher than market value based on the improvements that owners have made to the house. Unfortunately, I have to help sellers see that not all improvements are the same in terms of reaping a return. Why? In the eyes of prospective buyers - value can be all a matter of taste. Every year, we look to Remodeling Magazine to spotlight the best renovations for the money, and every year there are some tried and true favorites, and sometimes a few surprises.

Steel Entry Door Replacement Job Cost: $1,137 Resale Value: $974 Cost Recouped: 85.6%

Garage Door Replacement Job Cost: $1,496 Resale Value: $1,132 Cost Recouped: 75.7%

Wooden Window Replacement Job Cost: $10,708 Resale Value: $7,852 Cost Recouped: 73.3%

Vinyl Siding Replacement Job Cost: $11,192 Resale Value: $8,154 Cost Recouped: 72.9%

Basement Remodel Job Cost: $61,303 Resale Value: $43,095 Cost Recouped: 70.3% Wood

Deck Addition Job Cost: $9,327 Resale Value: $7,213 Cost Recouped: 77.3%

Minor Kitchen Remodel Job Cost: $18,527 Resale Value: $13,977 Cost Recouped: 75.4%

Attic Bedroom Addition Job Cost: $47,919 Resale Value: $34,916 Cost Recouped: 72.9%

Vinyl Window Replacement Job Cost: $9,770 Resale Value: $6,961 Cost Recouped: 71.2%

Major Kitchen Remodel Job Cost: $53,931 Resale Value: $37,139 Cost Recouped: 68.9%

If your property is now listed with a REALTOR® or Broker, please disregard this offer, as it is not our intention to solicit the offerings of other REALTORS® or Brokers. The information contained herein is deemed reliable but is not guaranteed. ©ProspectsPLUS!, Inc. www.prospectsplus.com

These project values are based on a national average. What’s interesting to see is how home improvement values break down even further on a regional level. Thinking of making improvements? Use their handy calculator today at http://www.remodeling.hw.net/cost-vs-value

Catherine Montgomery

Mobile: 2546404877

Texas Premier Realty

600 Lake Air Dr., Suite 5B
Waco, TX 76710

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