Transform Your Space Build Surprising Home Equity Now
Strategies to Build Home Equity
Investing in home improvements is a tried-and-true method for increasing home equity. Projects that enhance the functionality, aesthetic appeal, or energy efficiency of your home can lead to substantial increases in market value. For example, kitchen and bathroom remodels tend to offer high return on investment, often recouping 60-80% of the costs in increased home value1.
Additionally, energy-efficient upgrades, such as installing solar panels or upgrading to energy-efficient appliances, not only reduce utility costs but also make your home more attractive to potential buyers. According to the National Renewable Energy Laboratory, homes with solar panels sell 20% faster and for 17% more than those without2.