2 minute read
We’re In the Money
5 WAYS TO IMPROVE YOUR HOME’S VALUE BY JENNIE BUTLER
With many of us spending more time at home, our home project list keep growing. If you’re looking for your project to add value though, not all projects have the same ROI. Here are five ways you can upgrade your home while also adding value.
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INCREASE THE ATTRACTIVENESS OF YOUR HOME Making your dream kitchen or bathroom reality doesn’t necessarily mean a full gut and starting fresh. New faucets, fresh neutral paint and upgraded light fixtures can be an easy place to begin. And don’t forget about curb appeal. What better time to get outside to add landscaping, touch up exterior paint and maybe even upgrade exterior doors. ADD LIVING SPACE Adding more square footage to your home doesn’t always mean expanding your kitchen, master suite or adding a second story. Think about outdoor living space like installing a deck. Most experts say you will see an 80% ROI of a deck’s cost when you go to sell.
UPGRADE MAINTENANCE HASSLES Would you rather purchase a home with an old HVAC, or one that has recently been replaced? Investing in upgrading your roof, water heater, or HVAC can all provide value to your home. Enjoy avoiding maintenance hassles now and see a ROI in the future.
IMPROVE ENERGY EFFICIENCY Energy efficient upgrades can lower your utility bill while also increasing the value of your home. Properly insulating your home has a high ROI and can save on heating and cooling costs. Upgrading your appliances or HVAC systems are another great option. Windows replacements can also save energy, but may not be worth the cost.
DE-CLUTTER/CLEAN We probably have all been doing more of this during stay-at-home, but who knew it could help increase the value of our homes? This inexpensive project (if you can find cleaning supplies) is an easy way to add value to your home. Start with decluttering, which can make your home appear bigger, and then make your home sparkle.
As you work to increase your home’s value, it’s important to make a plan and then tackle one project at a time. If you need more cash flow for your projects, personal loans are great for mid-size projects. A Home Equity Line of Credit (HELOC) is also a popular way to finance home improvements, as well as home equity loan or refinancing your mortgage. Contact your bank to see what option may be best for you.
JENNIE BUTLER Mortgage Lender
Jennie will help you explore all financing options and choose the mortgage product that’s right for you. Securing a mortgage is more complicated today but she can smooth the process and make it less stressful.
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