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Which Home Improvements Pay Off at Resale?

Posted by Sharon Rosshirt on Monday, March 6th, 2017 at 12:21pm.

One question we get a lot is about the return on investment from home remodels!  Property owners should always be thinking of resale value, and there are so many things that create value and others that seem like they would but don’t.  Sometimes, it’s just the right thing to do to improve your property for your own enjoyment, and not worry about the return.
 

Realtors will tell you, generally speaking, that the best return comes from kitchens and master bedrooms, along with everything that goes to the first impression: Fresh paint, carpet or flooring, landscaping, a great looking front door.   A new front door, according to the NAR report, will consistently bring back what you pay for it.

Decisions about spending money for remodeling or updating are great to run past your Realtor.  Because we see new homes frequently, we stay up on trends.  We work with buyers regularly, so we see what buyers prefer in homes.  Your decisions might need to vary depending on how soon you plan to put your home on the market.  Your Realtor can help you make wise choices that will assure you get the return on your investment.

Here is a list of the Top Mid-Range and Upscale Projects:

Mid-Range Projects:

  Job Cost Resale Value Cost Recouped
Attic Insulation (fiberglass) $1,326 $1,600 120.70%
Manufactured Stone Veneer $7,968 $8,375 105.10%
Basement Remodel $64,343 $65,000 101.00%
Entry Door Replacement (steel) $1,338 $1,120 83.70%
Deck Addition (wood) $9,287 $7,625 82.10%
Garage Door Replacement $1,599 $1,220 76.30%
Family Room Addition $80,340 $59,000 73.40%
Minor Kitchen Remodel $19,316 $14,000 72.50%
Two-Story Addition $167,164 $118,833 71.10%
Master Suite Addition $110,197 $73,750 66.90%
Bathroom Remodel $16,342 $10,650 65.20%
Major Kitchen Remodel $58,536 $36,250 61.90%
Siding Replacement $13,584 $8,400 61.80%
Roofing Replacement $19,097 $11,000 57.60%
Backyard Patio $47,937 $26,000 54.20%
Deck Addition (composite) $16,193 $8,125 50.20%
Entry Door Replacement (fiberglass) $3,206 $1,500 46.80%
Bathroom Addition $39,109 $17,000 43.50%
Backup Power Generator $12,305 $4,500 36.60%


Upscale Projects:

  Job Cost Resale Value Cost Recouped
Garage Door Replacement 3,259 2,750 84.40%
Grand Entrance (fiberglass) 8,159 6,200 76.00%
Universal Design Bathroom $13,965 $10,000 71.60%
Major Kitchen Remodel 117,240 82,000 69.90%
Window Replacement (vinyl) 14,767 10,200 69.10%
Master Suite Addition 236,186 154,400 65.40%
Window Replacement (wood) 18,013 11,000 61.10%
Deck Addition (composite) 36,478 21,000 57.60%
Bathroom Addition 76,092 38,333 50.40%
Bathroom Remodel 56,234 22,500 40.00%

2 Responses to "Which Home Improvements Pay Off at Resale?"

Getting Your AC Ready For Summer wrote: [...]The weather in Central Texas is excellent right now but it won't be long until we're all saying "I can't believe it is so HOT". Cooling homes in Texas account for nearly half of a home's energy usage so making sure your system is in good working order can save you a lot of money.  So get ready for the heat with these simple DIY tips.
 
1. Change the Filters
This is probably the easiest thing to do.  With the mild Texas winter, you may not have needed to run your furnace much but odds are your filter still could stand to be replaced. For most central air systems, the filter is usually located behind a metal panel on the face of the blower unit. Unscrew the metal panel, remove the old filter, and install the new one.  Regularly swapping out filters will make sure that your AC isn't working harder than it needs to.
2. Clean the Condensation Lines

Your AC system has a pipe leading from the indoor unit outside to remove condensation created during the cooling process.  If this pipe gets blocked up your system may start to "leak" into your home as the water builds up.  To check if your condensation line needs clearing run the system for a minute and make sure that the exterior pipe has water dripping from it.  To clean this pipe you can use an algaecide (found at Swimming pool supply stores) to break down build up or use a long, sturdy, serrated strip of plastic to pull out any clogs
 
3. Install a Programmable Thermostat

If you don’t already have one, you can gain significant energy savings by installing a programmable thermostat and setting it to reduce the use of air conditioning or heat at times when you don’t need it, like when you’re away for work. Fortunately, they’re pretty easy to install yourself and require only a couple of tools.
 
4. Clean the Coils, Fins, and Evaporator on the Outside Unit

The unit outside gathers dust, pollen, and other debris when exposed to the elements.  To operate at maximum efficiency take a garden hose and use it to spray down the exterior of the unit.  If your system is very dirty you can also find commercial AC cleaner at most hardware stores.
 
5. Check the Ductwork For Leaks

Most of the inefficiency in an AC unit happens in the pipes and tubes that deliver cool air throughout your home. Before the attic gets to hot head up into the attic with your system running and checks for leaks.   If you find leaks, seal them with tape carrying an Underwriters Laboratories logo since rubber and cloth backed tapes break down over time.
 
6. Consider Adding Insulation to Attic

While you are in the Attic checking for leaks measure the depth of your insulation.  In Central Texas attics should have an insulation level between R30 - R60, roughly 12"-15" depending on the type of insulation.  If you find that you are lacking in any area you can easily install more directly on top of the existing insulation.  Insulation is a great investment for more than just energy savings, it is also one of the top return on investment improvements you can make to a home.[...]

Posted on Tuesday, May 9th, 2017 at 1:02pm.

Mike Heaviland Portfolio Getting Your AC Ready for Summer - Mike Heaviland Portfolio wrote: [...]While you are in the Attic checking for leaks measure the depth of your insulation.  In Central Texas attics should have an insulation level between R30 – R60, roughly 12″-15″ depending on the type of insulation.  If you find that you are lacking in any area you can easily install more directly on top of the existing insulation.  Insulation is a great investment for more than just energy savings, it is also one of the top return on investment improvements you can make to a home.[...]

Posted on Thursday, May 11th, 2017 at 10:58am.

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