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Six Home Improvements That Boost Home Value

If you’re a homeowner or an HGTV aficionado, then this isn’t news, its gospel: the right home improvements cause your home’s value to skyrocket when looking to sell. Real estate experts estimate that for the right renovations, every 25 cents you spend earns a dollar return in home property value.

Before you start ordering sheets of luxury vinyl tile and sketching out your Jacuzzi tub, you need the facts. Which home improvements boost home value by as much as 75% — and which ones add about as much value as a new coat of paint on the possessed house from the Amityville Horror? So channel your inner Fixer Upper and dig into the top six renovations that increase your property value!

Ready to begin turning your home into the house of your dreams? Check out your home equity options today.

The Six Home Improvements with the Best Return on Investment

#1 Kitchen

Not only is the kitchen one of the first rooms people see when touring your house, its one of the most important. Kitchen’s provide both a functional and sentimental value for homeowners so you need to get this room right.

An updated kitchen, one of the home improvements that increase property value.

Kitchen improvements that pay off include:

  • Adding new appliances like a top-of-the-line stove and modern dishwasher
  • Replacing counter tops
  • Upgrading your kitchen sink
  • Adding timeless back-splashes
  • Refacing or refinishing your cabinents

Making these changes can make potential buyers feel like they’re living in a magazine spread. When your home packs that appeal, you can practically name your price.

#2 Bathroom

When you (or a realtor) are selling your home, they’re selling the fantasy of what it’s like to live there. A luxury bathroom is one of the best ways to elevate your home from practical starter house to dream home status—all in one room.

Bathroom rennovations are a great home improvement that increase your home value

Bathroom improvements that pay off include:

  • Large walk-in showers
  • His and her sinks
  • Jetted tubs
  • Improved lighting

#3 HVAC system

Call us crazy, but an efficient new AC or furnace isn’t quite as glamorous as a spa-quality Jacuzzi or a marble countertop.

New HVAC unit, one of the home improvements that boost home value.

However, when it comes to renovations boosting your home value, a new HVAC system is worth its (substantial) weight in gold. Savvy homebuyers (and their realtors) often seek out homes with a renovated HVAC system. Having a new HVAC system means whoever buys your house will have to spend less to heat and cool it every month.

#4 New Windows

A mix of the practical and the beautiful, new windows are an absolutely winning home improvement.

new windows are one of the home improvements that pays off

Just like with the HVAC system, anything that keeps energy bills down makes your home an attractive option. Your brand new windows keep the heat inside during the winter and outside during the summer, meaning some monthly savings. Also when framing a stunning outdoor view, you can’t do any better than with a gorgeous picture window.

#5 Flooring

It might not jump to mind, but the right floor — or carpet — ties almost any room together.

Upgrading your flooring is one of he home improvements to increase home value.

Discerning homeowners often have a specific material they want for their dream home. Whether its genuine hardwood or luxury tile vinyl, when you upgrade the floor, you upgrade the entire room! On the other hand, nothing drops a home’s value like filthy, worn-out carpets or hideous linoleum. If you’re thinking about taking your floor from eyesore to showpiece, you can’t go wrong — from both a style and a home value perspective.

#6 Landscaping & Outdoor Maintenance

Just like with a blind date, when it comes to home value, first impressions can be EVERYTHING.

So remember, your ideal buyer might never get a chance to appreciate your marble counter-tops or your hand-scraped hardwood if they don’t like the house before they even get in the door.Working on landscaping is one of the home improvements to raise property value.

Whether the landscaping means planting a few trees or trimming some out-of-control rhododendrons, make your house beautiful inside and out! Stunning landscaping can be inexpensive and if combined with an immaculate interior it can send your home value soaring.

Home Improvement Loan from Union Community Bank

Whether you’re planning to move in six months or six years, the right home improvements are the blue print to maximum home enjoyment and a higher property value. Since the right home improvements are a strong investment, many homeowners take out a low-interest home equity loan or a home equity line of credit to finance those renovations.

Union Home Equity Loans are a low cost way to borrow funds at a fixed rate for a fixed term using the equity in your home. A home equity loan can be ideal for one larger home renovation project.

Union Home Equity Loan benefits include: 

  • Competitive rates
  • Flexible terms, including bi-weekly payment options which can save you thousands in interest
  • Monthly payment is fixed to allow for easy budgeting
  • Use for major expenses such as home improvements, education, consolidation or medical costs
  • Interest may be tax deductible (Consult your tax advisor)

Union Home Equity Line of Credit is a revolving form of credit that uses your home as collateral. This type of loan is ideal for smaller or on-going renovations and fixes to your home.

Union Home Equity Line of Credit benefits include: 

  • Low variable rates
  • Easy application process
  • Pay interest only on what you use
  • Use for major expenses such as home improvements, education, consolidation or medical costs
  • Interest may be tax deductible (Consult your tax adviser)

If you’re interested in home improvements that increase your home’s value, contact us today or apply today.

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