Blog Highlights:
Optimizing Home Workspaces: Learn how creating or upgrading a home office can enhance productivity and attract modern buyers looking for a functional, dedicated workspace, making it a smart investment for both current utility and future resale value.
Repurposing Unused Spaces: Discover the benefits of transforming underutilized areas like attics or basements into practical spaces such as guest suites or home gyms, adding significant functionality and appeal to your home.
Boosting Energy Efficiency: Understand how investments in energy-efficient upgrades like better insulation, new windows, or advanced HVAC systems not only lower utility costs but also attract eco-conscious buyers, potentially offering long-term savings and tax benefits.
When it comes to adding value, home improvement and remodeling projects are definitely a great choice for homeowners. Choosing the best upgrades for your home can make all the difference in elevating the quality of your lifestyle while you're living in it, as well as they optimize its value for when it comes time to resell.
While the most popular home improvements typically include a standard kitchen or bathroom remodel, there are several alternative projects that can yield a strong return on your investment and make the property stand out when listed for sale. Consider these five high-value home improvement options for your home.
Hybrid and remote work environments are a popular option for today's workers, creating a need for a dedicated space or office within the home. A home with a functional workspace that's focused on a practical design to include proper lighting, noise control for privacy, and space to organize is key. Thoughtful planning in creating the perfect home office not only enhances productivity by offering a dedicated place to do your best work, but it also appeals to modern buyers who work remotely and want a functional, organized space to thrive.
The best way to add functionality and value to your home is to utilize unused spaces. Turning an attic, basement, or other overlooked area into something more practical like a guest suite, home gym, or entertainment room is always a win-win for the homeowner and potential buyer. It turns underused spaces into functional areas that adds to your home's value.
Everyone loves an energy-efficient home and it’s no secret as to why. High-value home improvements such as upgrading windows, a water heater, HVAC system, or replacing old insulation with a more eco-friendly product can reduce utility costs and attract eco-conscious buyers. In addition to the rewarding long-term financial benefits of lower energy bills, there are a variety of incentives and potential tax breaks for improving your home's energy efficiency.
When it comes to accentuating your home's appeal and value, don't underestimate the attraction of an amazing outdoor space or entertainment area. Refreshing landscapes or a patio area using quality materials that offer low maintenance and durability provides the perfect oasis for both homeowners and future buyers who enjoy relaxing or spending time outside.
There are a variety of ways to pay for high-value home upgrades. If you have the time to save money for the projects, paying cash can be an optimal choice. For those who require immediate improvements or need help funding these projects, CCCU offers a variety of affordable home improvement solutions to meet your needs.
Home Equity Line of Credit (HELOC) – Best for ongoing or phased upgrades, a CCCU HELOC is a great choice that allows convenient access to use funds as you need them for renovations.
Low-Rate Credit Cards – Using one of our low-interest rate credit cards is a smart choice for smaller home improvement purchases. We offer a variety of credit card options for your home improvement projects and needs. In addition, there are no annual fees, and we offer fee-free cash advances and balance transfers. *
If you are looking for help financing your home improvement project, explore CCCU's home equity lines of credit, personal loans, or credit card options today. Still not sure which solution is best? Contact us and our loan experts will help you find the right solution for your unique situation.
*Balance transfer fees may apply during promotional rate periods. Contact credit union for complete list of fees. Actual Annual Percentage Rate is based on creditworthiness and will vary based on the Prime Lending Rate. Rates, terms, and conditions are subject to change. For more information, refer to our Visa Disclosures or contact the credit union.
