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Do You Have Equity in Your Home?

Updated: Nov 3


Most of us have equity in our homes, and you should be benefiting from it!


I know many of you have been reading the national news about real estate like I have, but if not, I have you covered. Just the other day an interesting article came out saying more Americans are house-rich but leaving the cash wrapped up in their houses. The majority of Americans have seen an average of between 5% and 8% appreciation in the last 12 months, and in some areas, it’s much more than that. So today I wanted to touch on a couple of things about this that we always share with our clients.


As the value of your home increases, you could do one of two things: Sell and have the money in your pocket or take a HELOC (home equity line of credit) out on your house and take advantage of the equity to make some improvements. If you’re curious or interested in doing one of these things, reach out to us. We can discuss what you might want to do to upgrade your property. Whenever we show homes to buyers, we ask them to consider what could be done to the house to add value. We can discuss these enhancements to ensure you’re making a sound investment for selling one day.


The majority of Americans have seen an average of between 5% and 8% appreciation in the last 12 months.

Also, If you haven’t taken advantage of the super-low interest rates, give us a call. With your property’s value increasing, your debt-to-income ratio has likely decreased—which is great! The Fed said interest rates are going to stay where they are for a while, so take this opportunity to lower your monthly payments. Whether you’re in the market to downsize, upsize, or anything else, let’s have a conversation about the value of your home.


There are many moving parts in the real estate market right now, but there are also perks. One last note: You could also always buy an investment property to ride this incredible wave in two different ways.


Give us a call or send an email if you have questions or would like to discuss any of these things. We would love to speak with you.

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