Cost vs. Value: The Home Improvement Projects With the Highest ROI in 2019
By Jameson Doris
RISMEDIA, Saturday, February 02, 2019— Remodelers across the country took a hit last summer as the cost of building materials spiked dramatically, and the picture for 2019 isn't much rosier. The percentage of return on investment (ROI) is projected to trend downward for all the replacement projects listed in Remodeling magazine's newly-released Cost vs. Value Report.
Larger indoor remodel projects took a hit as well, but weren't impacted as greatly as replacement projects as they rely more on labor costs rather than material costs.
"With the increasing costs of building materials and labor, we urge remodelers to think like real estate professionals first,” says Clayton DeKorne, editor-in-chief of Remodeling magazine. "When you adjust your focus to think like a broker first, you can dull clients’ No. 1 pain point—cost—with a discussion of the amount that can be recouped."
Nationally, here are the five projects with the greatest ROI in the report's mid-range cost category:
Manufactured Stone Veneer (94.9% ROI)
Garage Door Replacement (97.5% ROI)
Backyard Patio (55.2% ROI)
Master Suite Addition (50.4% ROI)
This appeared first on RISMedia's Housecall.
Jameson Doris is RISMedia's blog and social media editor. Email him your real estate blog ideas at firstname.lastname@example.org.
3 Common Mistakes Real Estate Investors Can't Afford To Make
By Than Merrill
RISMEDIA, Wednesday, May 04, 2016— Not unlike any other business, investing in real estate requires an acute attention to detail and the utmost respect for due diligence. Any hope of running a sustainable business is, therefore, dependent on minimizing mistakes and capitalizing on opportunities. There are, however, some mistakes that are more detrimental to new investors than others.
Can you still make money in the Denver area real estate market? Biz Journals projects strong appreciation in the Denver housing market for 2016- check this out!