Updated: Nov 5, 2020
As we head into March and the weather starts to warm up a bit, now is a great time to think about home improvement projects to build equity in your home and make it more beautiful. We’ve also included some tips to help turn your neighborhood into a community and how to get ready for a home inspection. If you have questions about buying or selling, let us know! We’re always here to help.
5 Simple Ways to Build Home Equity
Building equity in your home is a great way to accumulate wealth, but it is usually a process that takes a lot of time, money, energy, and patience. However, here are some ways to earn quick equity returns.
Before you start thinking of ways to create equity, consider what you can do to maintain your current equity. Keeping up with routine maintenance and fixing problems as soon as they arise will help your home stay in good shape so that you don’t lose out on existing home value.
Nice landscaping increases your home’s curb appeal, which can add thousands of dollars to your home’s value. Investing in quality landscaping is often the quickest, easiest way to earn a home equity boost.
Replacing torn window screens, updating the paint on your porch, replacing your front door, and other small projects can dramatically improve your home’s curb appeal. This, in turn, can be a quick and easy way to improve your home’s value and the equity you have in it.
Some projects like a full kitchen or bathroom remodel will add a lot of value to your home, but they’ll also cost a lot of money. Some simpler projects like repainting your cabinets, updating your appliances, or checking your attic insulation can improve your home without emptying your wallet.
Raise your payments
Another way to build equity in your home is to pay down your loan. Add extra money to pay down your principal loan or make additional payments on your loan to earn additional home equity.
How to Be a Good Neighbor and Build Community
Building community in your neighborhood can increase the safety and happiness of the people living there. Whether you’re moving into a new neighborhood or looking for ways to increase the sense of community where you already live, these tips can help you be a better neighbor and foster a sense of community.
Keep your yard tidy
Strive to add to your community’s value, rather than detract from it, by keeping your home’s yard and exterior in good condition. This includes everything from basic lawn care, like mowing the lawn and putting away your trash cans, to making sure your home’s paint is in good shape.
Lend a helping hand
If you see a neighbor struggling with a load of groceries or trying to complete a two-person job on their own, offer a hand if you can.
Be considerate about your pets
You love your pets, but if you’re not considerate, your neighbors may consider them a nuisance. Be sure to always pick up after your pets when walking them. Also make sure your dogs don’t bark excessively when in the yard or when you’re away from home. If you have a cat, don’t let it roam freely around the neighborhood.
Follow the rules
If you live in a neighborhood with a homeowner’s association, be sure to follow the rules and bylaws they have outlined. This will not only help you avoid costly fines, it will help you stay in your neighbors’ good graces.
Reach out to your neighbors
Nothing fosters a feeling of community quite like interacting with the people around you. Try giving your neighbors a wave or making small talk when you see them out and about. Inviting them over for a movie or game night is also a great way to build community.
How to Prepare for a Home Inspection
Home inspections are a chance for a homeowner or buyer to learn of any potential problems a home may have. These inspections are often considered a crucial part of the home-selling process. Make sure any inspections on your home go smoothly with these tips.