5 quick and easy renovation ideas to boost your property value
Investing in your home could help increase its value when it’s time to sell.
Upgrading your home’s curb appeal, making it more energy-efficient, and updating appliances can help to attract buyers.
A Chase Home Equity Line of Credit could be a great option to help you finance these repairs.
If you’ve been in your home for a while, and have been a good steward of your mortgage payment, you’ll likely have equity you can use to fund a large-scale home improvement project. Not only will it make your home more functional and attractive, but it can bolster its resale value when you’re ready to move.
A great option for larger projects is a Home Equity Line of Credit (HELOC) from Chase for up to 80% of your home’s current value, less than the amount you owe on mortgages.
The credit framework of a HELOC is similar to a credit card, meaning the credit line gets replenished every time you make a payment. And the interest rate is usually less than credit-card rates — an important factor if the projects costs well into five figures. It’s often better to use a fraction of a home equity line of credit, as opposed to maxing out a credit card.
So, now that you know how to pay for your bigger projects, it’s time to figure out what type of renovation makes the most sense for your needs.
Here are a few renovation ideas to consider that could be well worth the investment. And to help get you started, this quiz by Chase can give you a personalized vision board for your new space.
1. Get green
Updating your home with more energy-efficient features will dramatically cut utility costs and give potential buyers confidence that the heating and air systems won’t …read more
Source:: Business Insider