March 10th 2020

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. That being said, many people don't prioritize the maximization of home equity. However, a major part of owning a home is making sure you're increasing it's worth! We promise it will all be worth it in the long run. Here are some ways to earn quick and generally easy ways to earn equity returns:

Maintenance

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 value. This is the most important tip!

Landscaping

Nice landscaping can easily increase your home’s curb appeal, and if it's not something you want to spend a ton of money on, it isn't too hard to do yourself! A nice yard can add thousands of dollars to your home’s value and investing in quality landscaping is often the quickest, easiest way to boost equity.

Outdoor upgrades

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. It's also a great way to avoid bigger problems that might arise, like leaks, water damage, and bug infestations! This, in turn, can be a quick and easy way to improve your home’s value and the equity you have in it.

Indoor updates

Big projects like a full kitchen or bathroom remodel will obviously 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.

All in all, there is a lot more you can tackle on your own than you think! Not every home improvement requires outside hires and big labor costs. You can also make activities for the whole family out of things like gardening or re-painting. If you're still struggling to raise your equity or are simply ready to sell your home, give us a call at (609) 884-4242 today! We are the local experts to turn to with anything and everything Cape May real estate.