How to Increase Your Home Value on Any Budget

September 7, 2021

Want to increase your home value but not sure where to start? Here are some outdoor and indoor tips to increase the value of your home on any budget.

One place to start is by increasing your curb appeal. Fixing up flower beds, touching up the trim, pressure wash stone or brick, or repainting your front door can all be a quick and cheap way to boost the curb appeal. Other ideas include replacing old garage doors, updating the walkway, or renovating the roof.

Major upgrades inside the house may seem a little daunting. Start with small remodels and upgrades in the kitchen and bathrooms. Studies show that most homeowners see a return on investment with minor upgrades to these two parts of the home. A fresh coat of paint, sanding down and refinishing cabinets, and taking out old wall coverings are cheaper ways to improve those spaces. You can also replace appliances in the kitchen or plumbing equipment in the bathroom if you have more room in the renovation budget.

You can access the current equity in your home through a home equity loan or home equity line of credit (HELOC) to help finance the upgrades you are wanting to do. A home equity loan is a closed-end loan with a fixed rate and you get to pick the length of time. A HELOC is a revolving line of credit, similar to a credit card. Both loans are a great option for home renovations and upgrades, so let us help you figure out which one best fits your needs. Goldenwest also offers competitively low rates for both options. Speak with one of our lending experts to get started or to get answers to any questions!