All homeowners have one thing in common: a seemingly endless list of home improvement projects.
This list likely covers a range of short and long-term projects, and includes a mix of things you need alongside some personal projects you've been wanting to pursue. So deciding which ones to tackle first can be overwhelming.
We get it—and we got you covered.
Before you go knocking down walls or getting trendy with the latest color schemes, look at your list with fresh eyes. Consider which home improvement ideas will actually boost your home’s value, providing a good return on investment (ROI). Those should be at the top of your list.
No idea which projects will boost your home's value? Let’s lead with the heart of your home: Your kitchen.
#1 Home Value Booster: Kitchen Remodel
The kitchen is the most frequently remodeled room in the home, and is a reliable return on investment when it’s time to sell. Apart from keeping up with the latest appliances and technology, the functionality and feel of a kitchen needs to be kept fresh. So even if you’re planning minor updates like new flooring, matching eco-friendly appliances, premium countertops or fresh paint, a kitchen renovation is time—and money—well spent.
Planning Tip: EVERYTHING starts with your budget
Industry experts advise you spend roughly 10% of your home’s value on a kitchen remodel.
Feature focus: Stylish and sustainable, hardwood flooring is the most popular kitchen flooring trend of the year.
#2 Home Value Booster: A New Bathroom
A midrange remodel is considered the sweet spot for bathrooms. These renovations don’t require structural changes and provide a higher ROI than an upscale remodel. Don’t worry—you can still achieve that spa-escape in this range.
Start with the big picture. Is a midrange remodel right for you? Maybe you need a bigger space or a new bathroom altogether? Lead with your needs, then go from there.
Feature Focus: Double-sink vanities are the most desired bathroom upgrade for today’s homeowners (and home buyers). Double vanities help to define personal space when things feel a little too close for comfort—truly, a family favorite.
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#3 VALUE BOOSTER: Renovating From The Inside Out
From in-ground pools and hot tubs to outdoor kitchens and fireplaces, homeowners are going big on outdoor renovations even if they’re getting cozy inside for the winter.
At the top of the outdoor renovation list? A new deck.
Adding a new deck is a smart way to increase your home’s value – and livable space. Need ideas on how to spruce up your new deck? Check out our ideas on how to improve your new porch.
Feature Focus: Although it has a slightly lower ROI, composite decking is a popular option as it requires less maintenance than wood decks and allows you to use your space year-round.
The path to your dream home starts here—plan your renovation today
Don’t wait to renovate – get the financing you need to add value to your home.
Boost your home’s value sooner than later with a fixed-rate home equity loan or home equity line of credit (HELOC) from SpringEQ. With the historically low rates homeowners locked into the primary mortgages in 2020-2021, tapping cash with a home equity loan or HELOC is a smart, cost-effective way to access funds without touching your low first mortgage rate.
If you have any questions about how to access cash from your home's equity, we can help find a solution that works best for you.