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Top 4 Renovations For the Greatest Return on Investment in WA State or Oregon

Sammamish Mortgage
Published:
November 26, 2019
Last updated:
June 17, 2021
In This Article

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.

1. Garage Door Replacement

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.

2. Manufactured Stone Veneer

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.

3. Minor Kitchen Remodel

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.

4. Wooden Deck Addition

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%.

Top 4 Renovations For the Greatest Return on Investment in Washington

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