In Washington State’s competitive real estate market, homeowners looking to increase the value of their homes often ask: “Which home improvements yield the best return on investment (ROI)?” Knowing where to invest your time and money can be challenging, especially when aiming to appeal to buyers in different parts of the state, from Seattle’s bustling urban landscape to the peaceful rural areas of Central and Eastern Washington.
Below, we’ll explore some of the top home improvement projects that offer the highest ROI in Washington State, helping you make informed decisions about your upgrades.
1. Upgrade Your Kitchen for Functionality and Style
In most markets, a kitchen renovation remains a surefire way to increase home value, and Washington State is no exception. Potential buyers often look for a modern, functional, and stylish kitchen as it’s one of the most frequently used spaces in a home. Minor kitchen remodels, such as updating appliances, countertops, and cabinets, can yield up to 70-80% ROI.
For instance:
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Energy-efficient appliances: Buyers in Washington are increasingly eco-conscious. Upgrading to Energy Star-rated appliances not only saves on utility bills but also appeals to sustainability-focused buyers, especially in eco-friendly cities like Seattle and Olympia.
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Quartz countertops: This durable, low-maintenance surface is highly sought after and can make your kitchen look modern and clean.
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Cabinet refacing: Instead of replacing cabinets, consider refacing them. This can give your kitchen a fresh new look at a fraction of the cost of a full cabinet replacement, with an ROI of around 75%.
2. Focus on Curb Appeal: Landscaping and Exterior Improvements
First impressions matter, and curb appeal can be a game-changer for potential buyers. In Washington, with its lush landscapes and diverse climates, outdoor improvements can significantly increase home value. Here are some projects that yield strong returns:
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Landscaping: Thoughtfully designed landscaping that complements the natural surroundings can increase your home’s value by as much as 10%. Whether you live in the rainy western part of the state or the drier eastern region, investing in native plants, trees, and drought-resistant landscaping is a smart move. For homeowners in Central Washington, consider xeriscaping, which is low-maintenance and eco-friendly.
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Exterior siding and paint: Replacing worn-out siding or giving your home a fresh coat of paint can significantly boost curb appeal. Fiber cement siding is particularly popular in Washington due to its durability and ability to withstand the region’s varying weather conditions, from rain in the Puget Sound area to more extreme temperatures in Eastern Washington. This project can offer an ROI of 70-90%.
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New front door: Upgrading your entry door to a more energy-efficient option, such as a steel door, enhances security and provides a stylish first impression. This simple improvement can have an ROI of nearly 90%.
3. Energy-Efficient Windows and Insulation
Washington homeowners are well aware of the region’s weather fluctuations, especially in areas like Spokane or Bellingham, where winters can be cold and rainy. Energy-efficient windows and improved insulation not only make your home more comfortable but also reduce utility bills, a key selling point for buyers. Consider these projects:
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Energy-efficient windows: Upgrading to double- or triple-pane windows can save homeowners hundreds on energy costs each year and make homes more attractive to buyers who prioritize energy efficiency. Expect an ROI of 70-80%.
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Improved insulation: Homes in Washington’s diverse climates need proper insulation to maintain energy efficiency. Whether you’re in the temperate Seattle area or the colder regions like Leavenworth, adding insulation in the attic or walls can result in 100% ROI, as it both improves comfort and reduces energy consumption.
4. Bathroom Renovations: Small Changes with Big Impact
Like kitchens, bathrooms are critical spaces that buyers focus on. Fortunately, even small improvements in this area can yield great returns. Washington buyers tend to appreciate modern, clean, and functional bathrooms. Some ideas include:
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Updated fixtures and finishes: Replacing old faucets, showerheads, and lighting with modern, water-efficient options can freshen up the space without breaking the bank. These upgrades are particularly appreciated in Tacoma and Spokane, where buyers seek functionality and style.
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Tile upgrades: Consider replacing outdated tile with neutral, durable options like porcelain or ceramic. Heated floors are a luxury feature buyers in Washington, where winters can be chilly, particularly appreciate.
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Vanity and sink updates: A new vanity can transform the look of a bathroom, and pairing it with a modern sink will make a big impact. These types of minor remodels can result in an ROI of 60-70%.
5. Basement Finishing or Remodeling
For homeowners in Washington with unfinished basements, turning that space into a functional living area can add significant value to a home. Buyers in regions like Seattle, where homes are often smaller, love the additional living space a finished basement can provide. Consider adding:
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A home office: With the increase in remote work, a home office has become a highly desirable feature. Converting part of your basement into an office can attract buyers looking for flexible spaces.
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An extra bedroom or bathroom: Adding more living space, especially bedrooms or bathrooms, can be a major selling point and significantly increase the home’s market value. Finishing a basement can offer up to 70% ROI.
6. Deck Additions for Outdoor Living
Washington homeowners love outdoor living spaces, and adding a deck is one of the best ways to enhance the enjoyment of your property while increasing its value. Whether you’re in urban Seattle or the more rural areas of Eastern Washington, a deck addition can offer an ROI of 65-75%. Choose materials that can withstand Washington’s weather, like composite decking, which requires less maintenance than wood.
7. Roof Replacement: Protect and Preserve
A roof replacement is a necessary yet often costly improvement. However, in Washington, where wet and windy conditions can take a toll on roofs, this investment offers a high ROI. A new roof not only improves the aesthetic appeal of a home but also reassures buyers that the home is well-maintained. Asphalt shingles are the most common option and offer a 60-70% return.
Work with an Expert to Maximize Your ROI
Regarding home improvements that increase your property’s value in Washington State, it’s essential to focus on projects that appeal to buyers in your region. Whether in the metropolitan Seattle area or the quieter regions of Central and Eastern Washington, understanding local preferences and trends is key to maximizing your ROI.
If you’re ready to take the next step and invest in home improvements, Camiekae Lynch can guide you through the process. With her expertise in the Washington real estate market, she can help you decide which upgrades offer the best return. Contact Camiekae Lynch today and start maximizing the value of your home.
*Header photo courtesy of Camiekae Lynch
