MoneyWisdom Blog

Use Home Equity - For Projects Big and Small

Posted by Bill Burpeau on Apr 19, 2017 1:22:00 PM

3 in 1 Advantage Plan

Fall Back in Love with your Home

Many of us reach a point where we begin to feel a little blah about our home, but moving is not always an option. Here are some tips on how you can get a “new” home without a new mortgage – and increase your home’s value.

Little changes can have a big impact.

A home makeover does not have to involve spending big bucks. Things like painting walls, changing light fixtures and knobs, and adding curtains and plants can give your home a completely different look for only a few hundred dollars. Rearranging furniture, artwork, and knick-knacks can also freshen things up, and the only cost is a little time. If you have some items that you are tired of but are in good condition, you may be able to arrange a swap with a friend. Perhaps she has been eying your table, which clashes with your other furniture, while you would not mind having hers instead.

Sample Shopping List

2 Gal. Primer
2 Gal. Paint
Painting Supplies
3 Lighting Fixtures
20 Cabinet Knobs
3 Sets of Curtains
5 Plants



If you are feeling cramped, paint and new curtains are not going to solve the problem. Converting an unfinished attic or basement can be a great way to get extra space at a fraction of the cost of building an addition. For either project, you can expect your home’s value to increase by around 70% of what you spend, which is not that bad as far as remodeling projects go. Adding a deck is another fairly simple way to increase your space. If you are hiring a contractor, be sure to get quotes from at least three and check their complaint history with Better Business Bureau (

Make the most of what you have.

What if you have no cash to finish your attic or basement – or do not have an attic or basement? There are many ways that you can make your space seem bigger without actually increasing your square footage. The cheapest – although perhaps least fun – thing you can do is clean and throw away, donate, or sell anything you don’t need. (If you have not worn or used it in a year, you probably do not need it.) If you have a little cash to spare, you can buy organizational tools, like shelves and hooks, and furniture that provide extra storage space, such as a coffee table or bed with drawers. If your space is especially challenging, consider hiring a professional organizer. He or she may come up with some creative solutions to your space and interior design issues.

Get fast, flexible access to your home's equity.

Our 3 in 1 Advantage Plan is an equity line of credit with options for fixed rate loans and a Visa® Platinum Credit Card, all in one convenient package.  Whether you're planning a home expansion or just tidying things up, the 3 in 1 Advantage plan makes it easy to access your home equity.

Courtesy of BALANCE 

Learn about our 3 in 1 Advantage Plan

Topics: Home

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