• Home » How-To Better Invest in Your Home

How-To Better Invest in Your Home

Many Americans own homes that need a little work. Whether you need to revamp a few fixtures or totally renovate, you want to make sure you’re making the smartest decision for your style, and wallet. To help, HGTV host and real estate expert Egypt Sherrod offers the following home improvement insights, in partnership with LightStream.

Good bones add the most value. While personalization is important in creating your dream home, don’t overlook the less glamorous—but essential—elements. You may not get as excited about upgrading your HVAC units as you do about making over a bathroom. However, tending to projects that improve the functionality and systems in your house often lead to a higher ROI compared to aesthetic-focused ones.

Choose “timeless” over “trendy”. It’s easy to be tempted into the latest trends during home renovations, like shiplap walls and waterfall countertops. They may be hot right now, but could become dated very quickly. Remember how cool wood paneling and shag carpets used to be? Choose timeless, classic styles and easily updatable accessories that won’t cost a fortune to replace down the road.

Invest in your nest…without depleting your nest egg. Home improvements can be a smart investment that dramatically improve your quality of life.  The key, however, is to stay within a budget that doesn’t become a financial burden. Many homeowners mistakenly use their entire savings to pay for a renovation, which can leave them without a financial emergency safety net. 

Consider your financing options. Homeowners may opt to use credit cards for their projects, which can become expensive quickly, as balances with high-interest rates carry over from month to month.  While a home equity line of credit can be a solution for some, these often take time to arrange, and many homes haven’t accrued equity to tap. But there is an option that can provide needed funds without sacrificing your financial well-being—a fixed rate, unsecured home improvement loan.

Source: SunTrust Banks, LightStream

Our Offices

Brooklyn Office

361 Nostrand Ave

Brooklyn, NY 11216

718.395.5626

Elmhurst Office

76-26 Broadway

Elmhurst, NY 11373

718.446.1300

Wantagh Office

1897 Wantagh Avenue

Wantagh, NY 11793

516.826.4600

East Meadow Office

1856 Hempstead Tpke

East Meadow, NY 11554

516.796.8900

Fresh Meadows Office

188-13 Union Turnpike

Fresh Meadows, NY 11366

718.206.1340

Syosset Office

40 Underhill Blvd.

Syosset, NY 11791

516.826.2100

Oceanside Office

2911 Long Beach Road

Oceanside, NY 11572

516.223.2525

Long Beach Office

284 W Park Ave

Long Beach, NY 11561

516.665.2000

Merrick Office

55 Merrick Avenue

Merrick, NY 11566

516.302.8500

Farmingdale Office

392 Conklin Street

Farmingdale, NY 11735

516.293.2323

Franklin Square Office

1069 Hempstead Turnpike

Franklin Square, NY 11010

516.825.6511

Hicksville Office

10 Stewart Ave

Hicksville, NY 11801

516.334.4333

The CENTURY 21 American Homes App

Download the CENTURY 21 American Homes app to take your search on the go and access your saved homes and searches from anywhere. Try it for free and get notifications directly on your phone about new homes on the market!