The springtime reinvigorates many homeowners to clean, improve, and even renovate their house. It is the time to freshen up your home and get that home improvement checklist done. Even if you don’t have a lot of cash to put towards improving your home, there might still be a simple option for you.
Financial One Federal Credit Union offers home equity loans to reinvest in your house, making the improvements you need and increase your home’s overall value. Some might call it a “home improvement loan” because our members take out a home equity line of credit to use it for home maintenance almost as often as it is used for debt consolidation. We gathered a list of home improvements you would be wise to make on your home that have a great return on investment and will put your home equity to good use.
- A New Garage Door
Surprisingly, a new garage door is one home improvement project that has the highest return on investment. This is because it can drastically improve your home's curb appeal!
- Insulation in the Attic
Besides keeping your attic free from pests and mold, insulation works to make your home's HVAC system run more efficiently. This update kills two home improvement birds with one stone!
- Kitchen Upgrades
Have you been dreaming of granite counter tops or a farmhouse sink? If you spend your money wisely, kitchen upgrades can have a very high return on investment and are one of the first things people will notice in your home.
- Adding a Patio or Porch
Adding a porch, patio, deck, or an outdoor living space to your home is a great way to increase the usable square footage of your property and make your home feel larger without the huge expense of an add-on. The outdoor project with the highest ROI is a well-designed fire pit area.
- Replacing Old Appliances
If you live in an older home, there are likely numerous appliances that are running inefficiently in your home. Spending the money to install a new HVAC system or tankless water heater can really pay off in the long run.
These are just some of the many ways you can reinvest back into your home with a home improvement loan. At Financial One, we help our members transition their hard-earned home equity into budget-friendly financing options for all your home improvement needs. Stop in and ask about a home equity loan from Financial One today!