Remodeling to Get the Most Return (Cost Vs. Value 2016)
REMODELING COST VS. VALUE REPORT 2016
Are you considering selling in 2016? It’s important to know which home improvement projects will bring you the most return on your investment. Visit the 2016 Cost vs. Value Report (see Dallas specific info here) which compares the 30 most popular remodeling projects and the value those projects retain at resale. If you’re making updates or just thinking about selling, let’s talk about how it will affect the value of your home!
The Cost vs. Value report is an annual collaboration between Remodeling magazine and REALTOR® Magazine, which breaks down the estimated cost of various remodeling projects and the estimated return on investment for those projects by region and by city, as well as by midrange and upscale projects.
The 2016 report shows some noticeable changes from last year’s report – showing energy efficiency and curb appeal to be two driving factors. But the report still boasts that less is more, with four of the five top ranking projects costing less than $5000. According to the report, the average is around a 64% return on investment, which is up from last year. The top spot, though, belongs to attic insulation – which shows a 100% return!