Summer can be the perfect time to finally tackle those home improvement projects that have been sitting on your to-do list. Whether you're looking to refresh your space or make your home more efficient, tapping into your home equity could help you get it done.

A home equity line of credit (HELOC) gives you flexible access to the value you’ve built in your home, often with a lower interest rate than credit cards. Whether you're focused on curb appeal or energy efficiency, a HELOC can help you move forward with confidence and financial clarity.

Home improvements that pay off

According to Remodeling Magazine’s 2024 Cost vs. Value Report, some of the smartest investments are actually the simplest. For instance, replacing your garage door – yes, just the garage door – offers a whopping 194% return on investment (ROI).

The same goes for swapping out your front door with a steel entry version (188% ROI) or adding manufactured stone veneer to your exterior (153% ROI). These projects aren’t major overhauls, but they do wonders for curb appeal and value-add.

Cosmetic upgrades that refresh your space

Longer days and warmer weather make this a great season to roll up your sleeves and take on the kinds of home improvements that not only look good – but also feel good to live in. A minor kitchen remodel, for instance, can go a long way without tearing everything down. Think updated cabinets, new countertops, and a modern backsplash. According to the 2024 Cost vs. Value Report, a project like this can return up to 96% of what you spend – making it a solid investment and a daily lifestyle upgrade.

Other impactful, cosmetic updates include bathroom refreshes, deck staining, or even a fresh coat of paint throughout your home. These upgrades might not require permits or major demolition, but they instantly update your surroundings and can significantly improve your home's perceived value, especially if you're considering selling down the line.

Livability improvements that pay off over time

Not every upgrade is about looks – some of the smartest uses of your home equity can be the ones that make your space safer, more comfortable, and more energy efficient. And while these might not deliver the same immediate "wow" factor as a new kitchen island, they can deliver long-term savings that add up quickly.

Take replacing older windows, for example. Energy Star-rated windows can lower household energy bills by an average of 13%. Similarly, upgrading to a high-efficiency HVAC system or adding attic insulation can significantly cut monthly energy costs while making your home more comfortable through the summer heat. These are the kinds of investments that often pay for themselves in just a few years.

Why use a HELOC?

What makes a HELOC a smart choice for projects like home renovations or tuition costs? Flexibility. With a HELOC, you’re approved for a set credit limit, but you only borrow what you need, when you need it – and only pay interest on the amount you use. So if your plans change or come in under budget (always a nice surprise), you’re not paying more than you have to.

It can also be emotionally reassuring. Let’s face it – homeownership comes with surprises. Whether it’s a broken water heater, storm-damaged fence, or guest room that suddenly needs to become a home office, having a HELOC in place gives you options. It’s there when you need it, so you can handle the unexpected with a little more confidence.

At the end of the day, your home is more than just a roof over your head – it’s an investment, a sanctuary, and often a launchpad for life’s next chapter. Whether you’re planning a big upgrade or a series of smaller improvements, we’re here to help you make the most of what you’ve built.

Want to learn more about how a HELOC can support your goals? Give our Home Loan Team a call at 888‑334‑5120.