Will your home improvements pay off?

Planning some home improvement projects in the future? Which projects will give you the best return on your investment? In Alaska, and its fellow Pacific Region states, homeowners can plan to recoup considerably more of their costs for some projects than others, according to the Remodeling 2019 Cost vs. Value Report (costvsvalue.com).

The annual report provides an in-depth look at the return on investment (ROI) of common remodeling projects. This year’s analysis compares average costs for 22 remodeling projects with the value those projects retain at resale in 136 US markets.

In Alaska, and other Pacific Region states, the highest return in upscale homes comes from replacing the garage door – at 296 percent in Anchorage and 124 percent for other Pacific states. The next highest return is for manufactured stone veneer – at 116 percent in Anchorage and 110 percent for other Pacific Region states. The lowest ROI projects for midrange homes in Anchorage are metal roof replacements and a backyard patio – both at 38 percent.

Here are the top remodeling projects with Alaska’s best ROI, according to the Remodeling 2019 Cost vs. Value Report:

Garage door replacement

For curb appeal, it’s hard to beat a stylish, new garage door. That’s probably why this $3,834 investment returns a whopping 296 percent or an estimated $11,357 resale value. The project analyzed is for the removal and replacement of a 16×7-foot garage door and tracks. With its lifetime warranty, the new door is made with high tensile-strength steel with two coats of factory-applied paint, is foam insulated to minimum R-12, and includes thermal seals between pinch-resistant panels. Windows in top panel are ½-inch insulated glass. Hardware includes galvanized steel hinges and ball-bearing urethane rollers.

Manufactured stone veneer

For more curb appeal, upgrading a home’s exterior with manufactured stone veneer proves to have a high return on investment for homeowners, recouping a national average of nearly 98 percent of the project cost at the time of the home sale. In Anchorage, the report shows an even higher return, delivering $11,000 on a $9,478 investment, or 116 percent. The estimated project cost is for removing a 300-square-foot band of vinyl siding and replacing it with adhered manufactured stone veneer, including 36 linear feet of sills, 40 linear feet of corners, and an outline entry archway.

Minor kitchen remodel

A simple kitchen refresh on a midrange home returns 64 percent of the cost. In this project, you’re keeping your cabinets, but replacing their fronts with new shaker-style wood panels and new hardware on cabinet and drawer fronts, replacing the cooktop/oven range and slide-in refrigerator with new energy-efficient models, and adding new laminate countertops and resilient flooring. This minor remodel is based on a project cost of $24,356 with return of $15,611.

Deck addition

New decking adds new life to a home’s outdoor space and returns between 57 percent (for composite) and 61 percent (for wood) of the money spent to do the job. This deck addition is based on a project cost between $18,360 and $21,654 with an estimated return of between $11,214 and $12,286.

Siding replacement

Fresh siding can help make an entire home feel new – and make a big impression on buyers. According to the report, the local average cost recouped is 57 percent of the money spent on the job. This siding replacement job cost $17,323 for 1,250 square feet, with returns at an estimated $9,917.

Rounding out home improvements that return above 60 percent are: window replacement (vinyl) – 74 percent; major kitchen remodel (midrange home) – 64 percent; entry door replacement (steel) – 74 percent; master suite addition (midrange home) – 63 percent; and grand entrance (fiberglass) – 71 percent.

For more information on the Remodeling 2019 Cost vs. Value Report, visit costvsvalue.com.