If you would like to make some improvements to your home and have equity in the house, you could tap into the equity to have a way to pay for the remodeling projects you would like to complete. If you decide to do this and want to make sure your improvements will increase your home's value, you should consider the most valuable improvements to make that can increase a house's value. Here are three of the best things you can do with home equity proceeds to increase the value of your home.
Fix the walls
Having clean, neat walls in your home is a great feature to have, and things like textured walls and paneling can actually decrease the value of a home. If any of your walls contain texture or paneling, you might want to invest some money into removing these things. In some cases it might be easier to remove the paneling and texture, but in other cases you might be better off drywalling right over them. The goal is to make your walls look smooth, even, and nice, and you can finish this job off with a fresh coat of light-colored paint. Light-colored paint will brighten up your home, which can make it look bigger, cleaner, and fresher.
Update your bathrooms and kitchen
Two of the most important rooms in a home are the kitchen and bathrooms. If you ever try to sell your house, these are the rooms potential buyers will pay close attention to. Most people love seeing updated bathrooms and kitchens in homes, and this is why these types of renovations will add to the value of your home. Updating your kitchen or a bathroom can be a costly type of improvement, but it will pay off. Not only will these updates increase the value of your home, but they will also make living in your home nicer for you if you plan on staying there for a while.
Replace your flooring
If your home has any old floors in it, whether it is carpet, tile, or wood, you may also want to consider replacing those. Old floors will decrease a home's value, and they can have a huge impact on the way a house looks. If you want to add the most value to your home, consider replacing old floors with laminate or real hardwood.
If you want to improve the looks and value of your home, talk to a lender about getting a home equity loan. This is a great way to come up with the cash you need to make the changes you would like in your house.Share