With home prices surging, the equity you can tap into has increased. In fact, according to CoreLogic, the average Connecticut homeowner has experienced a $48,000 gain in equity in the past year. With all of that extra equity, here are five home improvement projects you might consider undertaking, all with estimated costs in New England of under $48,000, compiled in the Remodeling 2021 Cost vs. Value Report.
Roofing Replacement (Asphalt Shingles) - est. $31,000
Why not get a stronger-looking roof over your head while increasing the value of your home? Replace worn-down shingles and even add a synthetic underlayment. Give your home a sturdy, modern look with a roofing replacement.
Deck Addition (Composite Deck Material) - est. $24,000
With summer in New England, grilling season is in full swing. Transform your backyard into the perfect outdoor entertainment space.
Siding Replacement (Fiber-Cement) - est. $21,000
Your siding defines the outward appearance and character of your home. Treat your home's exterior to a face lift with all-new primed and painted siding.
Window Replacement (Vinyl) - est. $20,000
Update old windows to brighten up your home. Add a smart exterior to reduce maintenance costs and improve energy efficiency.
Manufactured Stone Veneer - est. $11,000
Achieve a distinguished and sophisticated image with a high-value improvement project. Replace the siding along the bottom of your front wall and around your entry archway with manufactured stone.
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