I had the same problem and found the solution on another site. Here are the steps that need to be performed:
Open a Visual Studio command window with admin privileges. This can be done from Windows search after clicking on the Windows button (or Start button - depending on the OS) located in the lower left corner. Make sure that you don't have any Visual Studio project open before proceeding.
Type in prompt in the search box and select "Developer Command Prompt". Right click on this and select run with admin privileges.
In the command window Enter:
cd C:\Program Files (x86)\Microsoft Visual Studio 14.0\Common7\IDE
In the command window then enter:
devenv /installvstemplates