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Image supporting Home Improvement Tips to Increase Your Home's Value

Home Improvement Tips to Increase Your Home's Value

A guide to getting the most bang for your renovation buck.

Your home is one of the biggest investments you may make in your life. Although you may not be thinking of selling it right now, you may want to in the future. Making home improvements can add value to your home, but it’s a good idea to know what kind of home improvements can yield a return on your investment. Here are ten different home improvements you can make to help increase the value of your home.

Projects that Help Add Value to your Home

  • Insulation: Not one of the more glamorous updates, but the remodeling report shows that adding fiberglass insulation in your attic has the highest return (nearly 117%) for midrange homes, costing $1,268 on average.
  • Garage door: The second-highest return according to the remodeling report is the replacing your garage door. Homeowners can expect over 90% return on investment on average.
  • Front door replacement: Our last home improvement tip is to update the front door. The practice of feng shui says that having a good front door that opens into a wide space can help invite wealth into your home. And the Cost vs Value report agrees – you can expect a 90% return on average for updating to a fiberglass door on an upscale home.
  • Hire an inspector: What you don’t know, can hurt your home’s value. That’s why it’s a good idea to hire an inspector to find out what’s in need of repair. They could catch a small problem before it turns into a big expense.
  • Give your kitchen cabinets a facelift: There are several things you can do to improve the look of your cabinets, from buying new handles, painting them, hiring a company to refinish your cabinets or replacing them completely.
  • Update your bathroom: This is one of the home improvements that can pay for itself in the end. Experts suggest not spending a fortune updating a one-bath home, but instead adding a second bathroom for increasing the home’s value. According to Remodeling magazine’s report, bathroom additions and remodels return the most to upscale homes.
  • Paint: Fresh paint in modern colors can add a nice touch to your home without breaking the bank.
  • Go green: Update your lightbulbs, appliances and windows to a more energy efficient model to save yourself some electricity costs while saving the planet. Win-win! Check Energy Star’s rebate finder to find any product rebate or special offers. Also, try buying appliances toward the end of the month, during a weekday or at a holiday sale to save even more.
  • Update or add a deck or patio: If you have an older deck, try updating it by using a special paint that fills in cracks and gives it a nice finish. Or if you don’t have a patio or deck, this can be a great way to increase your home’s value.
  • Curb appeal within reason: Realtors tend to agree that upgrading the look of your front yard can really help increase your chances of showing your home to prospective buyers. However, you don’t want to spend too much money on the perfect landscape because that money may not get recouped. Another component that can help add value is replacing the siding.

While planning what projects you’d like to take on, it’s a good idea to consider the long-term value that it may bring and the neighborhood that you live in and avoid upgrading too much so that your house becomes unaffordable for your location.

Related resources

Do you notarize? 

Credit Union ONE offers Notary services for members and non-members at no charge. Please visit any of our branch locations for this service. A notary public is an officer commissioned by the Michigan Secretary of State to serve as an unbiased and impartial witness. The most common function of the notary is to prevent fraud by attesting to the identity of a person signing a document. Notarization on a document certifies that the person whose signature is entered on the document personally appeared before the notary, established his or her identity, and personally signed the document in the presence of the notary.

Do you offer student loans? 

Credit Union ONE partnered with Student Choice to process student loans and we can help you apply for loans and find additional information online. 

What is the difference between a traditional mortgage and an FHA?

Our Home Mortgages page explains the details of our various mortgage options.

How do I get a document notarized?

Credit Union ONE offers Notary services for members and non-members at no charge. Please visit any of our branch locations for this service. A notary public is an officer commissioned by the Michigan Secretary of State to serve as an unbiased and impartial witness. The most common function of the notary is to prevent fraud by attesting to the identity of a person signing a document. Notarization on a document certifies that the person whose signature is entered on the document personally appeared before the notary, established his or her identity, and personally signed the document in the presence of the notary.

What is Student Choice?

Credit Union ONE partnered with Student Choice to process student loans and we can help you apply for loans and find additional information online. 

How do I apply for a student loan? 

Credit Union ONE partnered with Student Choice to process student loans and we can help you apply for loans and find additional information online. 

What are the benefits of a VA loan? 

Our VA Loans page  provides all the details about this option.

How do I use your Skip-A-Pay feature?
 

Members can skip a payment on qualified loans in good standing twice every 12 months for a $30 fee per occurrence. Payments cannot be skipped in consecutive months.  The loan must be open a minimum of 121 days to be eligible. Read more about Skip-A-Pay.

What is the difference between a secured loan and an unsecured loan?
 

A car loan and mortgage are the most common types of secured loan. An unsecured loan is not protected by any collateral. If you default on the loan, the lender can't automatically take your property. The most common types of unsecured loan are credit cards, student loans, and personal loans.

How do I apply for a mortgage? 

Apply online, in person at any Credit Union ONE Branch or call 800-451-4292 and speak to a Mortgage Loan Originator. Status can be checked by calling your loan representative or 800-451-4292.

How do I refinance my mortgage? 

Apply online, in person at any Credit Union ONE Branch or call 800-451-4292 and speak to a Mortgage Loan Originator. Status can be checked by calling your loan representative or 800-451-4292.

How do I check the status of my loan application? 

Apply online, in person at any Credit Union ONE Branch or call 800-451-4292 and speak to a Mortgage Loan Originator. Status can be checked by calling your loan representative or 800-451-4292.

How do I check the status of my mortgage application? 

Apply online, in person at any Credit Union ONE Branch or call 800-451-4292 and speak to a Mortgage Loan Originator. Status can be checked by calling your loan representative or 800-451-4292.

How do I apply for a (personal, auto, home equity) loan? 

Apply online, in person at any Credit Union ONE Branch or call 800-451-4292.

How does Skip-a-Pay work?
 

Our Skip-a-Pay page provides all the details about this service.

Why is my loan past due?

Visit a branch or call the Member Contact Center at 800-451-4292 to get all the details you need.

How will this affect my credit report? 

Visit a branch or call the Member Contact Center at 800-451-4292 to get all the details you need.

What are your current mortgage rates?
 

Our Rates page provides the most updated rates we're offering. 

I didn't make my payment because I did not have a coupon?

Call the Member Contact Center at 800-451-4292 or visit a branch. There is a $5.00 fee for a set of 36 coupons.

How can I get more loan coupons?

Call the Member Contact Center at 800-451-4292 or visit a branch. There is a $5.00 fee for a set of 36 coupons.

How do I close a loan with Credit Union ONE?

Loan closing can be done at any Credit Union ONE branch. Some loans can also be closed electronically.

Can I close a loan online? 

Loan closing can be done at any Credit Union ONE branch. Some loans can also be closed electronically.

Where do I find information on my loan title?

Michigan is not a title holding state. Titles that are issued in the state of Michigan will be mailed to you once the Credit Union ONE lien is placed on it. If  a vehicle is titled out of state and that state is a title holding state, then the members title will be held at Credit Union ONE until the loan is paid in full.

Why is my loan past due?

Call the Member Contact Center at 800-451-4292 or visit any Credit Union ONE branch. If many cases, you might have sent in a loan payment but it was short a few cents. Your loan will become past due if the difference is not made up before the next due date and a late fee will be assessed. 

I made my payment and I was charged a late fee. Why?

Call the Member Contact Center at 800-451-4292 or visit any Credit Union ONE branch. If many cases, you might have sent in a loan payment but it was short a few cents. Your loan will become past due if the difference is not made up before the next due date and a late fee will be assessed. 

What is the interest rate on my loan?

Our current interest rates are quoted using the APY. Credit Union ONE does not refinance our own loans for a lower interest rate. Call the Member Contact Center at 800-451-4292 or visit any Credit Union ONE branch for more information.

Can I get a lower interest rate?

Our current interest rates are quoted using the APY. Credit Union ONE does not refinance our own loans for a lower interest rate. Call the Member Contact Center at 800-451-4292 or visit any Credit Union ONE branch for more information.

Where can I find my loan guarantee letter? 

Please visit a branch location of call the Member Contact Center at 800-451-4292 for more information.

How can I obtain a letter of guarantee?

Please visit a branch location of call the Member Contact Center at 800-451-4292 for more information.

I am having a problem making my payments?

The Member Contact Center Loan Servicing Agents can assist members with changing the due date on their loan that may better for their budget. Credit Union ONE does not refinance our own loans however we can look into lowering the interest rate on the loan if the member qualifies. If members are facing financial difficulties, we can assist with starting the Loan Modification process.

How can I change the due date of my loan payments?

The Member Contact Center Loan Servicing Agents can assist members with changing the due date on their loan that may better for their budget. Credit Union ONE does not refinance our own loans however we can look into lowering the interest rate on the loan if the member qualifies. If members are facing financial difficulties, we can assist with starting the Loan Modification process.

Can I refinance my loan for a lesser interest rate?

The Member Contact Center Loan Servicing Agents can assist members with changing the due date on their loan that may better for their budget. Credit Union ONE does not refinance our own loans however we can look into lowering the interest rate on the loan if the member qualifies. If members are facing financial difficulties, we can assist with starting the Loan Modification process.

Can I apply for a loan online? 
 

You can apply for a variety of secured and unsecured loans online. You can also apply at any of our branch locations or by calling us at (800) 451-4292.

How can I make a loan payment online?

You can make payments to your Credit Union ONE loans through Online Banking. Just click the Pay Bills link once you have logged in and follow the instructions.