Top Five Remodel Projects In Austin

Dated: April 7 2016

Views: 174

These are the most profitable remodeling projects for Austin homeowners

By 4.7.16 | 1:04 pm

11

6943 Meadow Lake, Lakewood Home TourProjects that improved curb appeal or energy efficiency proved to be the most worthwhile investments.Photo by Jenifer McNeil Baker

Thinking of taking on a remodeling project this year? Read this first. A new report from the Texas Association of Realtors outlines the renovation trends that were the most profitable for homeowners in 2015 — simply put, where you get the most bang for your buck. 

To determine which projects had the greatest return on investment, the report analyzed 2015 renovation recoup costs in Austin, Dallas, Houston, El Paso, McAllen, and San Antonio. Remodeling projects that increased the functionality and sustainability of the home by improving curb appeal or energy efficiency proved to be the most worthwhile investments for a homeowner.

Austin showed the highest recoup costs among Texas’ major markets (finally some good real estate news). The most profitable renovation projects were stone veneer accents, recouping 163 percent of the total project cost. Rounding out the top five are fiberglass attic insulation (158 percent recoup), upscale garage door replacement (109 percent recoup), basement remodel (92 percent recoup), and fiberglass entry door replacement (92 percent).

In Texas, fiberglass attic insulation ranked among the top five projects in most markets, recouping up to 163 percent of project costs. Manufactured stone veneer projects were also popular across the state, recouping up to 158 percent of project costs.

Where should you not spend your money? In 2015, backup power generators were the least profitable project, recouping less than half of the total project cost. Additionally, wood deck additions showed the largest decline in recoup cost in Austin, recouping only 71 percent. Other unwise renovation projects for Austin include master suite additions and bathroom additions.

You can view the full Texas Remodel Valuation Report here before you dive into your next home renovation project.

Blog author image

Christina Haverty

Turning Savvy, Informed Austin Area Urbanites into Successful Homeowners, Investors, Sellers and Leaser’s!....

Latest Blog Posts

Could Rising Home Prices Impact Your Net Worth

Learn how to determine your current net worth and how an investment in real estate can help improve your bottom line.Among its many impacts, COVID-19 has had a pronounced effect on the housing.

Read More

Finding A New Home For Your Next Stage Of Life

Imagine the first place you lived as a young adult. Now imagine trying to fit your life today into that space. Not pretty, right? For most of us, our housing needs are cyclical.1 A newly

Read More

Goodnight Bread Co In South Austin

I absolutely love to patronize small businesses.A few months ago my neighbors, Jennifer and Ryan, started a small business selling sourdough bread. I tried it and was sold!This bread is delicious!

Read More

Can I Buy Or Sell A Home Without A Real Estate Agent

Today’s real estate market is one of the fastest-moving in recent memory. With record-low inventory in many market segments, we’re seeing multiple offers—and sometimes even bidding wars—for

Read More