Your home isn’t just a source of pride or a place to relax after a long day—it’s also an investment in your family’s future. Whether you’ve recently bought a house and want to make some adjustments or have owned your home for a while now and are overdue for some renovations, consider prioritizing your next project based on what fits your family, as well as what will get you the most return when you decide to sell later down the road. The top 3 renovations that tend to get the best payoff are:
1. Remodeling the Kitchen. Kitchen upgrades pay off. Most buyers are looking for move-in ready modern, updated kitchens. If you want to tear down walls and relocate plumbing, go for it, but typically all you need to do is make a few cosmetic upgrades, such as buying new energy-efficient appliances, updating your cabinets/hardware, and/or replacing the countertops.
2. Boosting the Bathrooms. Just like the kitchen, bathroom upgrades can really pay off. Install new fixtures, brighten things up with paint, re-grout the shower, and consider adding new, modern mirrors and light fixtures.
3. Creating Curb Appeal. First impressions count. When you consider making home improvements to boost its value, don’t overlook the outside of your home. Consider adding new siding, windows, or roof. Also, consider adding landscaping with sod, plants, and even an outdoor living area, like a deck.
Regardless of what home improvements you have in mind, making them can make your home more enjoyable and—if done right—increase your home’s value along the way. The return on your home project will vary depending on where you live, your neighborhood, and the prior condition of your home, but typically these hold up across the board.
Now that you have a project in mind, reach out to Arkansas Federal Credit Union for a home equity loan or a home improvement loan. With competitive fixed rates and payments that will never increase during your loan, it's a great way to fund your home projects and work toward increasing the value of your home.
Ready to get started? Regardless of your choice, you can apply online for a home equity loan or a home improvement loan with Arkansas Federal in minutes. There’s no cost to apply, and the application process is easy.
Have questions? Call Arkansas Federal at 800.456.3000 or visit a local branch.