Now that you've invested in a new home, what does it take to increase its market value? Building equity is one the biggest financial benefits of home ownership. Here are some ways you can start building yours today.
Make the most of mortgage payments
A portion of every mortgage payment pays off your loan's principal, with most of it going to interest in the loan's early years. To make the best use of your money, consider the following:
Adding the right amenities and making smart improvements can also increase your home's market value, which ultimately means more equity for you. Which projects will bring the best return on your investment? Popular features can vary by area and home type but many of today's buyers typically love updates and enhancements to:
The realities of a buyer's or seller's market will have an impact on how much return you'll get when you sell. Work with a professional real estate agent and financial professional when the time comes. Contact JJ Elek to learn more.
Ready to buy or sell? Whether you are moving across the street or across the country our agents have years of experience and are ready to help.
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