Reno Your Home this Fall
With winter just around the corner (brrr), homeowners start to think about indoor projects. Home renovations and upgrades are a smart way to add to your home’s value while updating your living space for increased enjoyment. Even simple repairs, regular maintenance and updating fixtures and appliances ensure your home stays in tip-top shape, maximizing not only its value but also its future marketability.
Here are a few areas to focus on:
Put your equity to work
You could possibly borrow against your home’s equity, often up to 80% of its value, to establish a line of credit at a great rate.
Renovations that pay back
Kitchens and bathroom overhauls top the list of home improvements that yield the best return on investment. Fast and easy updates such as replacing fixtures, countertops and resurfacing cabinets can go a long way in transforming these high-traffic areas with a fresh, modern appeal.
Add more space
Expanding your living space, such as finishing the basement, is an excellent value-add to your home and lifestyle, especially if you have a family looking for more room to play and grow.
Repurpose a room
Survey your home with an eye to converting rooms for new functionality. A home office is a great feature to have, and a revamp that still allows the flexibility of easily reverting the room back to its original purpose.
Take a green approach
If planning a home renovation, go green with energy-efficient options that promise a high return relative to cost. Today’s high-efficiency appliances, heating and cooling systems, lighting fixtures and even building materials such as insulation, can help reduce your household’s monthly overhead costs.