Appraisal Institute: Smaller Renovation Projects Fuel Bigger ROI – NMP
Industry News

Appraisal Institute: Smaller Renovation Projects Fuel Bigger ROI

Apr 19, 2017
When it comes to property renovations as a tool to increase sale value, the Appraisal Institute is recommending that homeowners pursue smaller-scale projects in order to get the fullest potential return on investment (ROI)

When it comes to property renovations as a tool to increase sale value, the Appraisal Institute is recommending that homeowners pursue smaller-scale projects in order to get the fullest potential return on investment (ROI).
 
Among the projects recommended by the trade group to fatten up the expected ROI are attic insulation (fiberglass), entry door replacement (steel), manufactured stone veneer and minor kitchen remodel. Garage door and siding replacements are also on the Appraisal Institute’s to-do list.
 
“The latest research shows that home improvements with a relatively low cost are most likely to generate a positive cost-to-value ratio,” said Appraisal Institute President Jim Amorin. “Spending big dollars on major renovations doesn’t necessarily equate to a dollar-for-dollar return. In short: cost doesn’t necessarily equal value. Projects that move a home well beyond community norms are typically not worth the cost when the owner sells the property.” 
 
About the author
Phil Hall
Link copied
Published
Apr 19, 2017
Get the NMP Daily
Analysis and Data
Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

The September jobs report gave the mortgage market something it hasn't had much of lately: downward pressure on Treasury yields.U.S. employers added just 29,000 jobs in September, while the unemployment rate edged up to 4.2%, according to the Bureau of Labor Statistics. The ...

Continue reading
Wholesale
The Loan Store Rebrands As Averra Financial

The wholesale lender is adopting a new identity three years after acquiring Homepoint’s wholesale business and rising to No. 4 in industry rankings

The Loan Store has a new name after a three-year expansion that transformed the once-small wholesale lender into one of the largest players in the broker channel.The Tucson, Arizona-based lender has rebranded as Averra Financial Inc., effective immediately, the company annou...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
Garg Claims Majority In Better Fight, Board Poised To Honor Vote

Founder says he secured more than 51% of voting power to remove five directors, pending confirmation by a third-party inspector

C-Suite Strategies
Oct 01, 2026
Rocket Makes VantageScore Its Default After Testing Finds Borrower Savings

After four months of testing, Rocket will make VantageScore 4.0 its preferred model for eligible retail loans while keeping both scoring options available to brokers

Industry News
Sep 29, 2026
CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Industry News
Sep 23, 2026
Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Industry News
Sep 23, 2026
Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

C-Suite Strategies
Sep 23, 2026