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If you’re thinking of selling your home in Washington or Oregon sometime soon, then you may want to consider making certain updates to your home to boost its perceived value and sell for top dollar. But not all renovations will necessarily bring you the same return on investment. Instead, you need to focus your attention and efforts on certain projects that will help you realize the highest ROI.
And when it comes to selling, projects such as garage door replacement, manufactured stone veneer, minor kitchen remodels, and wood deck additions tend to help sellers get the greatest returns when they eventually sell their homes. Should you tackle any one of these renovations? Click to Download the Infographic Below.
A good looking garage door tops the list when it comes to getting the most cash back on your investment when you sell your home at a later date, according to a recent Cost Vs. Value Report.
The average cost of a garage door is $3,611, and the average cost to recoup your investment is 97.5%. That sounds like a pretty good investment! And it will certainly make a big difference to the curb appeal of your home.
Replacing your vinyl siding with stone veneer in various parts of your home, such as at the entry way or around your garage, is a great way to enhance the exterior of your home and increase the overall perceived value of your home.
The average cost of stone veneer is $8,907, and the average cost recouped is 94.9%. Another great investment, whether you’re looking to sell or to simply improve the look of your home.
The kitchen is easily one of the most important — if not THE most important — rooms of a home, particularly in terms of selling. A great kitchen can help a home sell more easily, and creating a modern-looking and highly-functional kitchen can add a lot more than just value to your home. It can also boost your enjoyment of everyday activities such as cooking, entertaining, and sharing meals with your family.
The average cost of a kitchen renovation is $22,507, and the average cost recouped is $80.5%. This should be on your shortlist of renovations if the goal is to improve your odds of selling quickly and for top dollar.
If you’re fortunate enough to have a home that features a large backyard, then having a deck can provide you with a great outdoor space to enjoy. A wooden deck can be an extra enhancement to enjoy your outdoor oasis, especially in the warmer months of the year.
The average cost of a wooden deck addition is $13,333, and the average cost recouped is 75.6%.
If you’re in the market to buy a home, Sammamish Mortgage is available to help. We offer a wide variety of mortgage programs and tools with flexible qualification criteria. We’ve been helping buyers obtain the mortgages they need in Oregon, Washington, Colorado, and Idaho for over 28 years, and we’d love to help you too. Please contact us today to get started.
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Updating your kitchen may be a project that you have been looking forward to for a long time. Now that the time has come to get started working on your project, you may be exploring the different materials that are available to use in your kitchen. While there are several materials available to consider, concrete may be the best option for a number of reasons.