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How a HELOC Can Make Your
Home Improvements Possible

by Mike Selner

As we ease into spring and break into warmer temperatures, you might be looking for ideas to make improvements to your home. Maybe it’s already in your plans! Spring is a great time to get after that big renovation you always wanted, make any external repairs and improvements after the frigid winter, or other miscellaneous value-adding upgrades. In case you’re looking for some ideas, here are a few:

  1. Roof repairs
    Making sure your roof is in the best possible condition is a critical step to take as we cross over into the rainiest season of the year. Harsh weather, especially wintry conditions, may have degraded the quality of your roof over time. Repairing your damaged roof protects your entire home and all of the investments inside of it. T&G Builders write that its common for homeowners to replace and repair shingles as well as fixed curled corners in the spring.
  2. HVAC systems
    Beyond adding value to your home, up-to-date and working HVAC systems are critical to your safety and wellbeing. If you’re planning on renovating a basement, Doug Brubaker recommends that homeowners reach out to a professional HVAC technician to assess the quality of your systems and gather their recommendations for upkeep and repairs.
  3. Windows
    Another improvement you might want to make to your home is to the windows. Brubaker indicates that windows are typically a problem with older homes, featuring improper insulation, sizing issues, and general outdatedness, and recommends investing in newer ones if necessary to improve the efficiency of their home.

But how do you get started with these improvements from a financial standpoint? Home upkeep can be very expensive and demand a lot from the owner. You may not have sufficient funds to pursue your desired improvements now, making it feel like you’re short on options.

Luckily, there’s a convenient way to go about this! One of the ways that you can get after home improvements is through a home equity line of credit (HELOC). HELOCs allow you to tap into your home equity directly in order to make payments. Aly Yale writes that it works a lot like a credit card, where you can draw from the line of credit on an as-needed basis within the constraints of what your lender approves. This level of flexibility, combined with their lower interest rates, low initial payments, and options for tax deductions make them a great option for homeowners looking to improve the value of their home.

Feel free to reach out to me for more information on HELOCs and how you can use one to fund your home improvement plans.

“The Top 5 Spring Home Improvement Projects” [Article]. T&G Builders. [Accessed March 13, 2023]

Brubaker, Doug. “12 Tips for Planning a Home Remodeling Project” [Article]. Brubaker Inc. [Accessed March 13, 2023]

Yale, Aly (2022). “How To Use a Home Equity Line of Credit for Home Renovation” [Article]. The Balance. [Accessed March 13, 2023]