Linoleum peeling? Sink dripping?
Kitchen remodels are the top, expert approved way to boost your home equity. It doesn’t have to be a major over-haul, smaller improvements to consider would be replacing a dated tile countertop with a granite one, adding high-quality cabinet knobs and drawer pulls in a modern finish to your cabinets, replacing an out-dated stove with a top-of-the-line, professional-grade one or peeling up tired linoleum and replacing it with a natural stone tile floor. These home improvements will add immediate equity to your home.
Room additions are another great way to add money to your equity purse. Experts agree that the addition of a family room can add a possible 75 % return on your investment. Room additions are a costly undertaking; so make sure you consult with a real estate professional before you begin construction to make sure you do not over-improve your property based on comparable neighborhood values.
Don’t neglect your home’s exterior when considering home improvements. Curb appeal matters! Thinking about cutting down the huge tree in your front yard? Hire an expert and trim it instead. 83% of Realtors® say that mature trees enhance the value of a home. Make your landscape attractive all year-round by choosing plants that will ensure four seasons of interest. Eye-catching, colorful landscaping is an inexpensive and easy way to add instant value to your home. Also consider replacing out-dated or inexpensive exterior light-fixtures with more modern ones and add attractive solar-powered landscape lights to shine light on your well-kept yard.
Get sent to the principal’s office!
Paying extra on your principal means your home equity grows. We all know the formula; property value minus balance owed equals equity, so paying extra on that principal balance will automatically increase your home’s equity.
Adding equity to your home is an art and knowing exactly what should or should not be replaced and just how much to spend depends on many factors, including comparable neighborhood values, your local real estate market, consumer trends and mortgage rates. Always consult with a professional Realtor® who can help you determine what improvements will help you boost your home’s equity.
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These home equity tips were provided by Talis Real Estate. For additional home equity tips and the latest real estate information, visit
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