Boost your Home Equity
Category Newsletter: HeadOffice
Tips & highlights to boost the value of your home and build valuable home equity:
Firstly, make additional home loan payments when possible. This will enable you to chip away at your home loan, meaning equity growth even though when the property value remains stable.
Secondly, quality renovations and improvements will increase the overall value of your home. If you are working within a tight budget; some of the most effective improvements are also the cheapest.
Start with making an entrance. Updating the entrance to your home not only refreshes the overall appearance of your house, but also adds important street appeal. New doors cost as little as R2000 from major suppliers. Another handy tip is to add pot plants for colour.
It's worthwhile to consider painting the interior or exterior of your home to give the property an instant makeover. Pale colours make a room appear larger, and opting for a consistent colour scheme throughout the house will create a great sense of space and flow. Remember, open-plan living and large rooms are currently in fashion in today's property market.
Updating the floors is another great option to refresh the overall look on your home and boost equity. Floors take a beating everyday they are lived in. Sometimes just getting a professional carpet clean or perhaps installing a new fashion carpet is it all it takes to revive the look.
Just by adding pot plants or adding new pavers in the backyard can also automatically refresh and update the look of your home.
So if you are considering selling or just want to make financial provisions, consider updating your home to boost its overall equity.
Author: Century 21 South Africa
