Get the Most Out of Your Yard
When it comes to purchasing a home, there are many considerations, such as location, layout, and curb appeal. However, what happens if you find a home in your dream location, but the layout and lawn leave more to be desired?
If you’re unwilling to compromise on the neighborhood in which you want to live, a lackluster home can be updated to fit your family’s needs and wants – while also increasing the value of your home. According to a study at the University of Alabama and the University of Texas at Arlington, on average, a home with excellent curb appeal sold for 7% more than a similar house in the same neighborhood with poor curb appeal.1 It’s worth noting that while this number doesn’t apply to all cases, giving your yard some TLC can prepare your home for a good first impression and increased value later down the line when you are looking to sell or refinance.
SLFCU’s Home Equity CreditLines are a smart way to help finance that new addition to your home, or even pay for upgrades and repairs to your house’s exterior. Once approved, you can borrow what you need, pay it back, and borrow again without having to reapply. You'll save with competitive rates and low closing costs to allow for a smarter return on your investment.
You can also request a Home Equity CreditLine Access Card for a convenient way to draw from your Home Equity or Non-Owner-Occupied CreditLine. Easily withdraw cash from an ATM, purchase smaller items such as materials and tools, or use it for larger expenses such as home renovation, landscaping, furniture, and more. To get started, visit any SLFCU branch or contact our Mortgage team at 505.237.7161.
1. How Much Does Curb Appeal Affect Home Value?, 01/27/2020 (https://magazine.realtor/daily-news/2020/01/27/how-much-does-curb-appeal-affect-home-value)
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