Increase the value of your home quickly with these updates!

If you aren’t planning on staying in your current home forever, you should make sure that the remodeling decisions you make now will pay off in the future. Here are a few of the remodeling projects that will actually make a difference in the value of your home.

• Upgrade siding. This is a quick way to drastically change the look of your home and increase the value, also. According to one real estate website, you’ll likely recoup about 80 percent of the total cost of the addition or replacement of vinyl siding on your home.
• Add a deck. Adding a deck is another way to change the look of your home, but it’s not as much work as adding or upgrading siding. Not only will this give you a great outdoor space to enjoy, it’s a major positive in potential home buyer’s eyes, too.
• Overhaul your kitchen. Kitchens are a big selling point, so if you upgrade your kitchen by giving it a better layout or more modern look, you can expect for it to pay off when you decide to sell.
• Remodel your basement. Finishing a basement can create more finished living space to enjoy, and it can really increase the value of your home. You can expect to recoup more than half of what it cost you to finish the basement when you decide to sell your home.
• Replace your garage door. This might not be something you think of when you consider upgrading your home, but adding a new garage door to your home can be a really good investment. It might be just the upgrade your home needs, and it will pay off when you decide to sell.

You might be thinking, “All these projects sound great, but how am I going to pay for them?”

If so, you’re not alone. That’s why Centra offers home equity loans and lines of credit. With a home equity loan, you can get access to a large amount of money to complete your project, and then you can pay it back over time.

Using your existing HELOC

The easiest way to use your HELOC is to log into digital banking and transfer money from your HELOC to your checking account! Don’t have a checking account? You’re missing out on cash rewards. Click here to learn more about Cashback Checking.

If you don’t want to earn cash with Cashback Checking, visit your nearest Centra location. A Team Member can help you withdraw money from your HELOC or help you get checks for it.

Applying for a HELOC

Your home is your biggest asset, so of course you want to protect it. If you don’t have a HELOC yet, click here to get started today! We can help you navigate through your questions during the process. You can do it, and we can help!