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Which Home Improvements Pay Off?

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A couple painting a wall together.

You've been in your home for a few years, and you're looking for a change. Do you move into a new space? Upsize? Downsize? Or do you consider making a few improvements and updates to your current home? If you decide to make upgrades to your existing home, you’ll be able to enjoy the updates yourself and perhaps recoup some of your expenses if you decide to sell in the future.

Here are a few upgrades and improvements that can help increase the value of your home:

  • Remodel the kitchen. The kitchen is the busy heart of the home, and you may have been ignoring the fact that it hasn't been painted for a few years, or perhaps it's full of mix-matched appliances. Take the time to freshen up your kitchen with a new coat of paint, modern backsplash, cabinet hardware and replace older appliances with energy-efficient models. Not only will you feel like you're in an entirely new room, you may see a savings in your power bill. If you decide to sell in a few years, many potential buyers are willing to pay a little more money for updated kitchens.
  • Add energy-efficient windows. If your home has older, single-pane windows, you could be losing over $500 a year in heating and cooling costs. Investing in new windows will not only improve your energy savings, it can help with the resale of your home.
  • Revamp your bathroom. You can breathe new life into this small room by a few updates, including the vanity, flooring, new lights and perhaps even a more water-efficient toilet. These small improvements can really pay off.
  • Freshen up the curb appeal. Whether you add a paved walkway, add color to your flower beds or invest in a sprinkler system, keeping your yard looking fresh adds nice curb appeal. A welcoming front yard shows you take great pride in your home and sets the stage for buyers.

If you've decided to make a few upgrades to your home, you will need to consider how you will pay for these upgrades. Virginia Credit Union may be able to help with a low-cost home equity loan or line of credit. Visit us online or call us at 1-800-285-6609 to get started.