We are lucky to live in a thriving real estate market in the Dallas/Ft. Worth area. Homes in our area and neighborhood are selling quickly. We’ve talked about selling. Even though our home is only a few years old, we definitely will have some home improvement expenses in the near future, especially if we want to sell.
Here are some simple upgrades that really add value to your home:
#1 New flooring, especially in the room that shows the most wear. Potential buyers do not want to buy new flooring immediately after purchasing a home. This is the first improvement we plan to make in a couple years.
#2 New paint – Add a new coat of paint throughout the house to freshen up any room.
#3 Upgrade appliances – Upgrading to energy efficient models really adds value. Over the past year, we’ve been updating our kitchen appliances to new stainless steel models. We’ve just upgraded the dishwasher and range to new models.
#4 Kitchen remodel – A big open kitchen is a great seller in a home. If you can only update one room, start here. This is definitely where I want to start with a new granite counter top on my island and a larger pantry.
#5 Bathroom update such as replacing old wallpaper with something as simple as a textured finish or replacing fixtures can make it look new again.
According to a DFW survey, 58 percent of homeowners in this area anticipate home improvement expenses in the next two years. Only 25% have taken out a home equity line of credit before and 68% admit to facing obstacles in obtaining a loan such as the amount of paperwork or not knowing where they stood in the application process.
Capital One is available to help with their simply smarter tools so homeowners can take charge!
With a home equity line of credit, you can get a jump start on upgrading your kitchen or bathroom, or even adding an new addition. Your “someday” project could start today! We are seriously considering using Capital One’s services in the very near future for new flooring throughout our house.
To find out more visit CapitalOne.com/home-equity, Capital One’s simply smarter process lets you easily learn more about and apply for a home equity line of credit so you have the flexibility to withdraw what you need for your renovation projects.
Capital One is here to help with simply smarter tools that help you choose the right option for you from debt consolidation to home improvement. Visit CapitalOne.com/home-equity to get a customized rate offer and estimated loan amount — all with no impact on your credit score. You can even start the application process with no fees! You can also call 855-446-9656 or stop by any Capital One branch location for more information to get started.
The Capital One Dallas Home Equity Survey was conducted by Wakefield Research (www.wakefieldresearch.com) among 500 homeowners ages 18+ in the Dallas-Fort Worth DMA, between December 2 and December 7, 2015, using an email invitation and an online survey.
I was selected for this opportunity as a member of CLEVER and the content and opinions expressed here are all my own.