Take a look around, and it appears the housing market in the Phoenix area is still steady. But many real estate professionals say the pandemic has actually brought a change to the Phoenix
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. However, here are some ways to earn quick equity returns.
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 home value.
Nice landscaping increases your home’s curb appeal, which can add thousands of dollars to your home’s value. Investing in quality landscaping is often the quickest, easiest way to earn a home equity boost.
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. This, in turn, can be a quick and easy way to improve your home’s value and the equity you have in it.
Some projects like a full kitchen or bathroom remodel will 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.
Matt has been a licensed Real Estate Broker since 2003 and with American AllStar Realty since 2005. Matt lives and loves real estate, especially assisting Buyers and Sellers in residential transaction....