Boosting Home Value on a Budget
Homeowners can boost property value with affordable updates instead of costly renovations. Painting walls in neutral colors, upgrading cabinet hardware, replacing light fixtures, and adding LED lighting create a modern look on a budget. Enhancing curb appeal with landscaping, like mulch and low-maintenance plants, improves first impressions. Refinishing hardwood floors, cleaning carpets, and fixing minor issues, such as leaks or wall damage, also offer great returns. These simple updates can significantly increase home value without major expenses.
- When you need to work on your credit. Maybe your credit score is just starting to recover, but you need more time to pay down debts for a couple of years. With rent-to-own, you could start investing in a home while you bring up your score.
- You’re close, but not quite ready to secure a mortgage. You might have a good job with a significantly bigger salary, but you haven’t been there long enough for a lender to consider it a stable source of income. Or maybe you’re self-employed and you’re still building a reliable track record. Rent-to-own allows time to build personal wealth and financial credibility while working toward your homeownership goals.
- When you know you’re going to buy when the lease expires. If you’re not ready to buy when the lease expires, then you will lose any rent credit, i.e. investment, you’ve put into the home.
