Home Improvements Made Easy
How to add value to your home with a Home Equity Line of Credit (HELOC)
The Value of Home Remodeling
Using a Home Equity Line for renovations not only adds value to your current home enjoyment, it can also add value if you ever decide to sell.
Homeowners can expect to recover 30% to 85% on a kitchen remodel if they sell their home.
Average cost of kitchen remodel: $26,294
A Home Equity Line of Credit gives you so many options! Choosing meaningful upgrades will add value to your home.
Top 10 most desirable kitchen features:
- Double sink
- Walk-in pantry
- Table space for eating
- Central island
- Drinking water filtration
- Granite countertop
- Recessed lighting
- Custom backsplash
- Pull-out shelves
- Breakfast bar
Go beyond the microwave! Turn your kitchen into a space you'll relish spending time in. A HELOC can make that happen.
67 minutes is the average time people spend in the kitchen every day. That's over 400 hours a year!
A HELOC is also a great way to finance your dream bathroom remodel. The average cost of a bathroom remodel is $11,487.
Landscaping lets you add beauty and value to your property. Keep your house cool! Trees can reduce surrounding air temperatures by as much as 6 degrees Fahreinheit.
You may even be able to save money on a home remodel. Using your HELOC for home improvements may be tax deductible.*
*See tax professional for tax guidance.
Helping You With Major Repairs
A HELOC can also give you the cash you need for those projects you've been putting off.
A HELOC can help you finance a new HVAC system. The Department of Energy recommends replacing your HVAC system after 10 years for maximum efficiency.
A HELOC can also help you refinance a new roof. Average cost for a new roof is $11,500. The average roof lasts between 15 and 30 years.
Don't paint yourself in a corner! A HELOC can help you with the cost of painting as well. For a 2,500 sqft home: 2,500 sqft Home Exterior = 20 Gallons of Paint (two coats)
Saving Energy Saves You Money
A HELOC can be used to give you a more energy-efficient home.
For the average-sized home, the cost for solar panels in 2010: $40,000 and the average cost in 2023: $25,000. The cost to install solar has dropped by more than 50% over the last decade.
New windows are another great way to use a HELOC to save money. Windows account for 25% to 30% of your heating and cooling energy use.
You can save an average of 15% on heating and cooling costs by air sealing your home and adding insulation in attics and floors over crawl spaces. Insulation could save you 15%.
Here's a Smart Idea: Using a HELOC to bring technology to your home could add even more energy savings. 30% to 40% potential energy savings with a smart home.
It's easy to use a HELOC
