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).

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

Analysis and Data

Home Sales Are Down, But Deals Are Up

Despite a nearly 12% year-over-year drop in sales, builders keep momentum with quick move-ins and buyer incentives

The U.S. new home market is showing signs of strain, but not surrender. According to Zonda’s latest New Home Market Update for February 2025, national sales are down nearly 12% year-over-year. Yet, the market is still holding the line at an “average” performance, buoyed by a...

People On The Move

Amy Slotnick Takes On Key National Role At Fairway

With over four decades of experience, Slotnick steps into a strategic leadership position aimed at streamlining sales operations across the company

Fairway Independent Mortgage Corporation has tapped one of its most seasoned leaders for a pivotal new role. Amy Slotnick, a 42-year mortgage industry veteran and longtime top performer at Fairway, has been promoted to President of National Branch Optimization – Sales, the c...