When Planning Home Improvement Consider Resale Value
Judith Bundschuh, CPA
Austin is a vibrant city that Judith has been been calling home now for most of her life by choice. Born and raised in San Antonio, Judith...
Austin is a vibrant city that Judith has been been calling home now for most of her life by choice. Born and raised in San Antonio, Judith...
Planning Home Improvements
Our homes are one of our most important investments - both for enhancing our lifestyles while we live in them, and for financial returns when selling. Home improvements are one of the few areas where we may be able to maximize both near term and long term benefits, but it requires careful planning to accomplish this.
The key is to understand what home improvements can give you an improved lifestyle today and maximize your return on investment when you decide to sell your home.
I often help my clients with this process.
How I can help
I frequently advise my clients with home improvement projects even if they don’t plan to sell their home in the near term. Together we can discuss several potential home improvements on how these improvement can increase the resale value of your home. I can also review your home’s potential value today more accurately than the on-line tools, which fail to consider the unique qualities of your home, and give you a clear idea of your potential sales proceeds now, or after potential repairs/improvements.
Many of my clients really appreciate this, as it gives them confidence in these turbulent times. I also can provide lists of contractors that I or my clients have used successfully in the past.
Below is some information that can begin to help you in this process, and please call me if I can assist you.
Thanks,
Judith
512-771-7209
Cost vs Value for Home Improvements
Here is a nice summary for the Cost vs Value in 2023 for the entire US from Remodeling Magazine (owned by Zonda).
The best cost vs value improvements for Austin, Texas
Remodeling Magazine releases an annual Cost vs. Value Report for common home improvements. The 2024 data is available specifically for Austin, Texas.
You can download a free report here for 2024 Cost vs Value Home improvements in Austin, Texas.
This free downloadable report shows that the home improvements in 2024 in Austin, Texas for 23 types of home improvements. The five improvements with best cost vs value were the following 1) add manufactured stone veneer, 2) steel entry door replacement, 3) garage door replacement, 4) minor kitchen remodel - midrange and 5) grand entrance - fiberglass.
This report can be informative in considering your home improvement project, and I am happy to discuss further with you.
I Can Help You Prepare your Home to Maximize Value, whenever you wish to sell.
Even if you are not planning to sell near term, I can help you decide which improvement will maximize the value of your home. Click below and we'll get to work.