Remodeling Projects-Cost vs. Value


When thinking of remodeling their home, most people don't consider what they'll get back from the project when they sell their home. You're really just thinking about your personal enjoyment from the project. It's surprising how many remodeling projects don't pay for themselves when you do decide to sell your home though. 

In fact, the majority of home updates and additions won't recoup what you spent for them, according to the 2016 Cost Vs. Value Report from the National Association of REALTORS and Remodeling magainze. The report has some interesting findings in it - who would have thought a new garage door would deliver such a return?!. Remember, these kinds of reports deal with estimates and averages and every city has their own identity when it comes to what's hot and trendy in remodeling. If you're considering a remodel, talk to a Lubbock REALTOR about what really attracts buyers here, they have the local market knowledge to help!

Cade Fowler, Association Executive