How to Build Equity in Your Home Over Time

If you’re a homeowner, you’re probably always looking for ways to increase the value of your home. One of the best ways to do this is to build equity over time. Equity is the portion of your home’s value that you actually own–it’s the difference between what your home is worth and what you still owe on your mortgage.

Building equity is a great way to secure your financial future and build your net worth. And, it’s not as difficult as you might think. Here are a few tips to help you build equity in your home over time:

  1. Make extra mortgage payments

One of the quickest ways to build equity in your home is to make extra payments on your mortgage. Even an extra $50 or $100 per month can make a big difference over the life of your loan. Plus, you’ll save money on interest and pay off your mortgage faster. Get More Information

  1. Refinance to a shorter loan term

If you have a 30-year mortgage, you can build equity faster by refinancing to a 15- or 20-year loan. Of course, your monthly payments will be higher, but you’ll pay off your mortgage sooner and build equity more quickly.

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  1. Improve your home’s value

Making strategic improvements to your home can also increase its value–and, in turn, your equity. Things like updating your kitchen or bath, finishing your basement, or adding a deck or pool are all great ways to add value to your home.

  1. Invest in a home with a good location

The location of your home is also a big factor in its value. If you’re looking to buy a home, be sure to choose one in a desirable neighbourhood. Not only will your home be worth more, but it will also be easier to sell when the time comes clicking here

  1. Keep your home well-maintained

It’s important to keep your home in good condition if you want to maintain or increase its value. Regularly scheduled maintenance–like painting, roof repairs, and gutter cleaning–will help keep your home looking its best and prevent future problems.


Building equity in your home is a great way to secure your financial future and build your net worth. By following these tips, you can make extra mortgage payments, improve your home’s value, and keep your property well-maintained–all of which will help you build equity over time.