How do you improve equity in your home?

By
Real Estate Broker/Owner with Broker Associate / Team Lead - Texas Pride Realty Group 0503820 TX

One of the best ways to build equity is to improve the home each year you own it.  Every year, have a plan to bring one room or element of your home forward to current styles.  Paint to current colors.  Replace floors. Change your windows.  Break it into smaller chunks if necessary.  But keep improving through the years.  Kitchens can be divided into appliances, counter tops, and cabinets.  Bathrooms can be upgraded with sinks, faucets, tile, and flooring.  New tubs & shower installations can really help.  Change lighting fixtures in halls and bedrooms.  Outside you can update landscaping, add extra patio space with pavers, or if you can afford it, pour concrete.  Outdoor kitchens can be a great resource, and don't have to be expensive.  

 
The idea is, you're living in your bank account.  The way to earn interest is to keep reinvesting in the home.  Don't let it languish with old styles and deteriorating finishes.  Keep it shining and it will pay your back when you sell. 
 
 

Comments (4)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

There’s all that and then some with all the new modern designing that area of the country. I do have a little faith

Jul 29, 2022 11:11 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

Jul 30, 2022 02:29 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Bob McCranie very good helpful report about how to improve equity in a home.

Jul 31, 2022 05:18 PM
Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417
United Real Estate - Addison, TX
Real Service. Real Results. Real Estate

I recognize the house in those pictures! Remembering great parties there!

Aug 28, 2022 08:09 AM