Home improvement projects that pay – JEANIE ELLIOTT REALTORS, since 1980

Which home improvements give the best payback?

If you’re thinking about remodeling your kitchen, or finishing your basement, you probably want to get your investment back when you sell your home. But when it comes to payback value of home improvements, some are definitely more profitable than others. As a general rule, kitchen and bathroom projects usually get a nice return on investment, typically 90% or more.Things like adding rooms or finishing basements tend to pay back the least.Finishing a basement usually returns less than 50%, so it’s not a project likely to show profit at selling time.

There are a number of factors that go into determining how well a project will pay back. Payback value depends a lot on the current market conditions in your area. If the market is hot and homes are selling fast, you can expect a higher payback value than you would get in a slow market.

left

The type of project you do and how it fits in with other homes in the area can have a big influence on payback too. If you put your money into the wrong type of improvement, you won’t get your money back. But if you're smart about what you do, you can make money. The payback will be better on improvements that are in demand and conform to neighborhood standards. Adding a second bathroom in a neighborhood where most homes have two bathrooms will give a high return on investment. Building a large addition that makes your home twice as big as the other homes on the block probably won’t pay back very well. Likewise, the popularity of a project will factor into how much it pays back. An improvement heavily customized to your wants and needs won’t pay back as well as something more common to other homes in the neighborhood.

Another factor to consider is the cost of the improvements. If you can do the work yourself, you can save significantly on the cost of the project and greatly improve the chances of getting a good return on the investment.

The list below is compiled from several published surveys and shows typical payback for some popular remodeling projects:

Kitchen remodeling – 90%
Add a bathroom – 90%
Bathroom remodeling – 80%
Install central heating – 90%
Install central air – 75%
Add a deck – 70%
Replace windows – 70%
Add a room – 55%
Build a pool – 45%
Finish a basement – 40%

Looking to Sell?

Are you looking to sell your house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

Your Information

*Name:
*Email:
Phone:
Street Address:
City:
State:
Country:
Zip/Postal Code:

Some Details

When Are You Moving?:
Where Are You Moving?:
Preferred Selling Price?:
Number of Bedrooms?:
Number of Bathrooms?:
Size In Square Feet?:
Any Comments, Concerns, Or Questions:

Note: Fields with an * are required

Lovejoy ISD; Allen Texas, Lucas Texas; Celina TX; Dallas TX; Fairview Texas; Frisco Texas; McKinney Texas; Melissa TX; Murphy TX; Parker TX; Plano TX; Prosper TX; Richardson TX; Wylie TX; Lavon TX; Stonebridge Ranch/McKinney; Stonebriar Communities/Frisco; Starwood/Frisco; Twin Creeks/Allen; Heritage Ranch/Fairview; Frisco Lakes/Frisco; Little Elm TX; The Colony Texas; Collin County; Denton County; Grayson County & North Texas Residential Real Estate, Luxury Homes, Country Estates, Short Sales, REO's, Foreclosures, Farms & Ranch Properties, Estate Lots, New Houses, Fine Home Estates, Acreage and Land, Townhomes and Condos.