Every year, Remodeling Magazine conducts studies of which remodeling projects will get you the highest rate of return in various cities.
For Seattle this year, adding a manufactured stone veneer to the exterior of your home has the highest rate of return at 144.6% of your investment. Surprisingly, the project with the smallest rate of return is adding a master suite - coming in at just 62.5 percent of your investment. Here are the top 5 renovations in order of cost to value:
1. Add manufactured stone veneer: +144.6 percent
This renovation project is primarily one of improving the curb appeal of your home. Adding manufactured stone veneer to the bottom third of your home makes it look more finished.
2. Replace garage door: +141.2 percent
This is the top renovation job nationally! Installing a new four-section garage door on heavy duty steel tracks is a very popular addition. Including windows in the top panel with insulated glass can improve the curb appeal of the home, as well!
3. Composite deck: +122 percent
A simple deck with stairs and railing made of pressure treated material can go a long way. For an added bonus, build in planters around the perimeter in the same material. For comparison, a wood deck addition comes in slightly lower at 106.7%.
4. Minor kitchen upgrades: +116.3 percent
A minor kitchen remodel includes replacing cabinet & drawer fronts with new shaker-style wood panels and new hardware. Upgrade appliances like the cooktop/oven range and fridge with energy efficient appliances and replace laminate countertops with slab granite or quartz. Painting and replacing old flooring can also be included in the remodel to polish off the look!
5. Universal bathroom redesign: +107.2 percent
The intention of including universal design features in your home is to ensure that your bathroom provides access to everyone- regardless of age, size or ability. This type of redesign can include widening the doorway to accommodate wheelchairs, replacing a shower/tub combo with a walk-in zero-threshold unit, and replacing existing toilet with a comfort-height toilet.