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Have you ever wondered which home improvements will give you the most bang for your buck?  Here are the top remodeling projects that may increase your home’s equity:

 

#1 Landscaping

Are you shocked? I bet you thought it would be a major kitchen reno at the top of the list.  A little color and light landscaping can make a big difference to your home’s curb appeal, and that is a big equity-booster.

What does a basic landscaping upgrade include?

·       Flowering shrubs

·       A 15-foot-tall deciduous tree

·       A flagstone walkway

·       Two 6-by-2 stone planters

·       Fresh mulch

 

#2 A New Roof

No one wants to move into a place with water stains on the roof or walls.  Yuck, what a turn-off!

Here are some signs it’s time to spring for a new roof:

·       Shingles are missing, curling up, or covered in moss

·       Gritty bits from the asphalt shingles are coming out of the downspout

·       The sun’s shining through your attic

·       You notice stains on ceilings and walls

·       Your energy bill is sky high

 

#3 Hardwood Floors

If only real life was like all those home renovation shows where the couple rips back that shaggy 70s carpet only to find beautiful original hardwood floors. If that isn’t the case in your house then you might want to consider putting in some hardwoods. If you already have them, a fresh finish is a nice touch when comes time to sell.

 

#4 Patio or Deck

If you followed Step #1 then you have a beautiful landscaped yard, but where will you enjoy it?  Your new or refinished patio or deck, that’s where!

 

#5 Garage Door   

A new garage door will bump up that curb appeal at a relatively modest cost.

 

#6 New Siding     

Pick any color in the rainbow and never have to paint again! These are just a couple of reasons to go with vinyl siding. Make sure you get siding with a fade resistant finish and a lifetime warranty that is transferable to the new owner when you sell.

 

 

As with any home renovation project, it is important to connect with your community management company before starting. At The Management Trust, we can help guide you through the process and help ensure you are abiding by the Covenants, Conditions and Restrictions for your community.