Did you know that even over the past year as the housing market cooled, home owners have gained an average of over $30,000 in home equity?
Here is how new equity in your home can make a big difference in your life. You can use your equity to (source: CoreLogic):
- Buy a home that fits your needs
- Reinvest in your current house
- Pursue your personal goals
Are you short on space? Use your equity to power a move into a larger home. Do you have too much space? Use your new home equity to buy a smaller home that fits your lifestyle better.
If you aren’t ready to move just yet, you can also use it to reinvest in your current house to increase your home’s overall value. Partner with a trusted advisor (see Can I Sell My House Without A Realtor?) to help you decide which home improvement projects to prioritize so that you can get the greatest return on your investment if you do decide to sell down the line.
You can use an increase in home equity to pursue your personal goals like retiring, starting a business, or funding an education.
If you’re curious about how much home equity you have, then let’s connect. I can help you plan your next move.
Don’t forget to like and subscribe to the Barrington Group Real Estate YouTube Channel where you can watch my next episode of Parker is My Town.
Give me a call at 720.244.1308 or email me at Anne@BarringtonGroupRE.com.