It’s not an understatement to say you’ve probably spent more time in your house than you ever have before.
Houzz has reported a 58% annual increase in project leads for home professionals.
Home offices, gyms, classroom set ups and “flex rooms” are becoming the new normal. If you are hoping to increase your home equity, there are a few tips that can help.
Home renovations are significantly increasing with CNBC reporting, “Home extensions and additions jumped 52%.”
These additions and remodels will not only enhance your living space, but can also add value to your home. We advise first speaking with a real estate agent to determine what rooms should be renovated first to give you the most return on your investment.
Make sure your monthly mortgage payments are high enough to cover both the interest and principal. If you are currently able, try to pay even more each month to your mortgage.
And it is no secret that the current interest rates are at an all-time low, making this the optimal time to refinance.
“In an effort to shore up the market and encourage home buying, the Federal Reserve slashed interest rates, and mortgage rates followed suit.”
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