Spring is in the air, which means it’s time to start checking off the honey to do list. If you are ‘honey’ then a home equity loan could be calling your name. As the weather starts to warm, you may find yourself wanting to tackle some of these projects. Some projects can be easy, while other projects have a hefty price tag to them. Which leaves the question, “what do you do whenever certain projects fall outside of your price range?” A home equity line of credit can come in handy and give your home some love. Here are several ways you can use a HELOC for home care:
- Switch to energy efficient appliances such as smart thermostats, replacing old windows or installing solar panels.
- Remove walls that are hindering an open floor concept, if possible.
- Enhance any safety features that might be needed in the home for the foreseeable future, such as an emergency alert system.
- Create an outdoor escape, such as a fire pit or add landscaping for extra curb appeal.
- Convert an unused space into a bedroom or office.
- Make modifications to any outdated space like making the bathroom more accessible or updating the kitchen to add more cabinetry or storage.
- Replace or repair your roof if you have any missing shingles, curled edges or bald spots due to damage.
- Pave or seal your driveway, patio or sidewalk to ensure your walkways are accessible and do not have unappealing cracks.
- Repaint the interior of your home if the color is outdated or needs a facelift due to being lived in.
- Add new furniture to modernize the aesthetic of your home.
There are many useful ways to use a HELOC; we only listed some ideas to help you care for your home. First Savings Bank offers two convenient HELOC options that can help consolidate debt, improve your home or fund educational costs. Whether you’re caring for your home or looking to make a bigger purchase, reach out to our lenders to discuss your options today!
