Knowhow-Now Article

How Home Improvement Projects Can Add Equity To Your Home

The amount of equity you have in your home represents the monetary value of its worth, minus what you owe on the property. Every monthly mortgage payment reduces the amount of money that is owed, and increases the equity by at least that much. Over time, homes tend to appreciate in value, which also increases the amount of equity it contains.

By doing nothing, except letting the house age, you will likely be gaining equity in the house. However, there are significant home improvements that can be made to the home that can add equity to the home instantly.

Replacing a Roof

If you find that your roof is outdated, old, or beginning to fail, it is likely time for a replacement. Changing the roof is a quick way to add equity to the home, while helping to safeguard it from the outside elements. As one of the key components for keeping water outside of the home, it is necessary to replace the roof when required. As one of the more expensive home improvement projects, it is often required at the most unlikely time.

Changing out the A/C Unit

Air conditioning units are only designed to last a maximum of 15 years. Today's HVAC units are much more efficient than the ones from just five or 10 years ago. When it is finally time to change it out, it is important to get a couple of bids from licensed contractors. This type of home improvement project can add tremendous equity to the home, because it reduces the amount of energy used to keep the interior cool.

Changing out the A/C unit is a great way to save money on monthly utility bills. Over time, it can help pay for itself in the amount of reduction of electricity it uses every month.

Painting the Exterior

When the paint finally fails on the exterior of the home, it can cause significant damage to the siding if not properly repaired. When the texture of the paint becomes dull or chalky, it is likely an indicator that it needs to be repaired. Hiring a professional is an easy solution for having the home exterior repainted. However, many homeowners choose to do this job on their own, saving thousands in the process.

An Additional Room

If there is need to have an additional room constructed on the home, the amount of cost involved will still add equity to the home. Many homeowners require an additional room because of a new addition to the family, or the need for a home office. With the right design, it is very easy to add a tremendous amount of equity to the home by constructing a new office or bedroom.

There are numerous available home improvement projects that can add a tremendous amount of equity to the house. Before spending any money, consider if the home improvement project is a necessity, or if it will add value to the structure. Only then will you know that you will receive a high level rate of return on your investment.

More Information:

Loads of ideas to increase the value of your home

7 Home value increasing tips

10 ways to boost the value of your home

Order by: 
Per page:
  • There are no comments yet
   Comment Record a video comment
Related Articles
We spend much of our time in our homes. The way our homes look affects how we feel. This article shares several interior design hacks to make you feel better in your home without spending lots of money.
12.12.2016 · From TheAuthor
If you are planning to do some home improvement of your own, you probably want to find ideas for your project. Often it is good to emulate whatever you found pleasing in the places you have recently visited. But how to identify the subtle points and methods?
05.04.2016 · From TheAuthor
Try to turn your home into a nice place so that you will feel good in doing things while at home. Using the advice you see here, your house can become a place you can really appreciate.
05.04.2016 · From Editor
Designing your own new home's floor plan lets you see the product of your own mind transformed into an actual house. A house that you and your family can truly call home. here's how you can design the floor plan that will become the home of your dreams.
01.10.2015 · From spanglers
Decorating small spaces uses many tricks to deceive the eyes to see a large space. Whether one is designing an apartment, a loft, condo, a tiny bathroom or a nook. Here is a list of ideas on how to convert a small area with limited space successfully.
01.08.2015 · From Andrew_Regan
Article Info
0 Subscribers
All Articles by TheAuthor
Sharing Is Good!
0 votes