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If you’re like many homeowners, you most likely have a "to-do" list of improvements you want to make to your home. Whether you intend to sell your home in the near future, or you just want to make updates for your own benefit, home improvements are an investment that can actually increase the value of your house.
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4. How close you are to a city. If you own a home in a major American metropolitan area, you’re most likely sitting on a significant (and rapidly appreciating) financial asset. Case in point: Home values in the New York, NY, metro area are worth $2.6 trillion, per a recent Zillow analysis.
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Mortgage top-up. If you are thinking about topping up your mortgage in order to consolidate other debts, read our information on consolidating debts into your mortgage. If you have equity in your home, you may be able to increase your existing mortgage to do work such as home improvements, extensions or to cover other large expenses.
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