As we head into April and the weather starts to warm up a bit, now is a great time to think about home improvement projects to build equity in your home and make it more beautiful. Building equity in your home is usually a process that takes a lot of time, money, energy, and patience.
Following are some helpful tips to turn your neighborhood into a community and how to get ready for a home inspection.
Before you start thinking of ways to create equity, consider what you can do to maintain your current equity. Keeping up with routine maintenance and fixing problems as soon as they arise will help your home stay in good shape so that you don’t lose out on existing home value.
Nice landscaping increases your home’s curb appeal, which can add thousands of dollars to your home’s value. Investing in quality landscaping is often the quickest, easiest way to earn a home equity boost.
Replacing torn window screens, updating the paint on your porch, replacing your front door, and other small projects can dramatically improve your home’s curb appeal. This, in turn, can be a quick and easy way to improve your home’s value and the equity you have in it.
Some projects like a full kitchen or bathroom remodel will add a lot of value to your home, but they’ll also cost a lot of money. Some simpler projects like repainting your cabinets, updating your appliances, or checking your attic insulation can improve your home without emptying your wallet.
Raise your payments
Another way to build equity in your home is to pay down your loan. Add extra money to pay down your principal loan or make additional payments on your loan to earn additional home equity.
By Christopher Kelly, RE/MAX Bayside, 208 Daniel Webster Hwy, Meredith, NH 03253