Home repairs Archives

December 23, 2022December 23, 2022

Homeowners Shell Out for Flood and Tornado Protection

Flood. Tornado. Wildfire. As a homeowner, none of these are words you want to hear. While home construction in areas prone to natural disasters has advanced in the past several decades to provide better protection, properties in these regions still come with significant risks. However, Americans are continuing to purchase and move to vacation homes in places like Cape Coral, North Port, and Tampa, Florida — likely due to the reasonable cost of living, low property taxes, and proximity to both water and outdoor attractions.

It’s likely that many of these buyers simply aren’t aware of the potential issues that come along with buying a home in these areas.

“…House hunters should be aware that purchasing in a disaster-prone area not only puts them and their home at risk, but their finances as well. Home values in climate-endangered places may fall in the coming years as consumers learn more about the risks to properties in these areas,” says Redfin Senior Economist Sheharyar Bokhari. In fact, nearly all second homes bought within the past two years (94%) are at high heat risk, while more than three quarters (78%) have high storm risk.

According to the results of an August 2022 Redfin survey, current homeowners in these locales are quite aware of and proactive about the threats: 71% of Florida homeowners have spent money to protect homes from climate risk, and more than half of all homeowners (58%) have. More than a third (33%) of all homeowners have also put more than $5,000 into climate-related house projects. The majority (26%) of improvements were to mitigate extreme heat, while 22% invested in steps to help minimize extreme cold, 16% took measures to prevent flooding, and 14% focused on guarding against hurricanes and other tropical storms. Among Florida homeowners, this percentage was nearly triple the national figure, at 40%. Overall, hurricane and major storm coverage actually saw the biggest increase among all homeowners since February 2021, growing from 19% to 29%.

Here are the most common types of disaster-specific coverage and how costs vary across the U.S.

Flood Insurance

Redfin’s survey found that 36% of homeowners have flood insurance, which comprises the highest portion of respondents. However, many of those with flood coverage are still underinsured overall; just 18.5% of homes located in the areas required to evacuate due to Hurricane Ian had coverage through FEMA’s National Flood Insurance program.

While the price of flood insurance is dependent on your location, the national average cost through the National Flood Insurance Program (NFIS) is $771 per year. States with the most expensive flood insurance include Vermont ($1,652/year), Connecticut ($1,504/year), Rhode Island ($1,458/year), Pennsylvania ($1,407/year), and West Virginia ($1,355/year).

Tornado Insurance

Standard homeowners insurance usually covers hail and wind damage, but not high winds or tornadoes specifically. If you live in an area that is at high risk, like the states that are part of “Tornado Alley” (generally Texas, Oklahoma, Kansas, Nebraska, Iowa, and parts of Louisiana and Colorado), you’ll want to consider purchasing windstorm insurance as part of your standard policy.

The cost of a windstorm insurance add-on depends on your particular geographic region, and has a deductible that’s a percentage of the total dwelling coverage amount, which usually ranges between one and five percent. However, in coastal areas, it can be up to ten percent. Alternatively, the deductible may be a fixed amount from around $500 to $5,000.
States with the highest premiums by windstorm deductible amount are Oklahoma, Kansas, Nebraska, and Colorado.

Fire Insurance

Most standard homeowners insurance policies have some level of coverage for fire and smoke damage, and the average cost of a policy that includes fire coverage is $1,899 per year. However, individuals in regions that are at higher risk of wildfires, like California, can pay much more than that — especially since many companies won’t provide sufficient coverage for damage in these areas. The percentage of homeowners who purchased wildfire coverage grew from 15% to 24% in the past 18 months, and homeowners insurance costs increased 10% in California alone.

It’s also important to note that there are a few different types of fire insurance: dwelling coverage, which pays to rebuild or replace the actual structure of the home, other structures coverage, which refers to buildings on the property like a shed or garage, and personal property coverage, which pays for one’s belongings inside the home like clothing and appliances. Those in fire-prone areas might want to consider purchasing an additional dwelling fire policy, which costs an average of $651 per year.

If you’re a homeowner who lives in or is planning to move to a region that’s at high risk for natural disasters and could use some extra cash to fund improvements that can help guard against potential damage to your property, take our five-minute quiz to see if a Hometap Investment might be a good fit for you.

YOU SHOULD KNOW…
We do our best to make sure that the information in this post is as accurate as possible as of the date it is published, but things change quickly sometimes. Hometap does not endorse or monitor any linked websites. Individual situations differ, so consult your own finance, tax or legal professional to determine what makes sense for you.

November 21, 2019May 19, 2022

Home Maintenance Costs, Income Fears Weigh on San Francisco Homeowners

San Francisco consistently ranks as one of the most expensive cities to live in, whether renting or buying. The median monthly mortgage payment is $3,590 (a 102 percent increase from 2012) while the median monthly income is $8,022.

With equity built up in their homes but little-to-no cash on hand for more immediate expenses, 87 percent of San Francisco-area homeowners feel house rich and cash poor, and 24 percent of those respondents feel this way most or all of the time.

Why Is This Happening?

Since its infancy, Hometap has been studying the house-rich, cash-poor phenomenon that has been building since the Great Recession. The widening gap between wages and housing costs as well as the lack of attractive options to access home equity is largely to blame for this crisis. In fact, according to Hometap’s recent homeowner study, 74 percent of San Francisco-area homeowners report their housing costs are rising faster than their income while 65 percent say they’re spending a higher percentage of their income on housing than ever before.

Why Does It Matter?

Our study of nearly 700 homeowners aimed to track the impact the house-rich, cash-poor crisis is having on homeowners across the country. What we found when we took a closer look at San Francisco homeowners is that while most can make their monthly mortgage payments, they’re stressed by the uncertainty around future income and anticipated costs of home maintenance.

See the national results of Hometap’s Homeowner Study

Eighty-four percent of San Franciscans answered that they’re moderately to extremely stressed about future income, while 87 percent answered the same regarding maintenance costs.

Despite surging employment rates, day-to-day cost of living likely has many residents concerned about making ends meet. While “side hustles” or second and third jobs are tough to accurately track, as many are under the table, San Francisco is known for employees working multiple jobs to afford rent, mortgages and other common costs.

Like most other expenses, home maintenance and repair costs come at a premium in San Francisco compared to other U.S. cities, averaging $4,653 annually.

The best way to prepare for costly emergency repairs is to set aside money each year—and keep it there even if you don’t end up using it. HGTV recommends saving 1–3 percent of your home’s value every year for home maintenance and repairs. Saving now can save you stress later.

The vast majority of San Franciscans (92 percent) agreed that the gap between income and mortgage costs will get worse. However, in such a sought-after city, home values continue to soar, and those who believe they’re building equity in their homes (89 percent) are likely very accurate.

Access Your Equity, Eliminate Stress

If you’re like most homeowners, you have other financial goals you want to meet besides homeownership. But 63 percent of San Francisco-area homeowners say high housing costs make it difficult to achieve other financial goals, whether that’s paying off debt, starting a business, or any number of goals.

Homeowners may have difficulty achieving financial goals because they can’t access their home equity. In fact, 70 percent of San Francisco homeowners in our study don’t feel like they have good options for turning the equity in their home into cash. That may be because 42 percent don’t want to take on a loan and the debt, interest, and monthly payments that come with it. Another 22 percent say they could sell their home to access equity but would prefer not to.

As a homeowner, you do have options. You can access home equity via a home equity loan, home equity line of credit (HELOC), cash-out refinance, or home equity investment—and not all of these options involve taking on additional debt.

Do you relate to this house-rich, cash-poor feeling? Compare your options for accessing your equity.

If you haven’t purchased a home yet or are looking to invest in a second property, there are several hot spots where it pays to be a homeowner. In California, that hot spot is Sacramento. Those who want proximity to the Bay Area at a more affordable price are looking to Sacramento where the average home price is under $400,000—for now. Prices are expected to increase by 33 percent over the next three years.

Take our 5-minute quiz to see if a home equity investment is a good fit for you.

LEGAL DISCLAIMER

The opinions expressed in this post are for informational purposes only. To determine the best financing for your personal circumstances and goals, consult with a licensed advisor.

July 28, 2019March 22, 2023

5 Home Renovations to Complete This Summer (And 2 That Can Wait Until Fall)

Warmer temperatures, more sunlight, and, in many locations, less precipitation make summer one of the best times to complete home renovations as it’s more likely that your project will be completed in less time with fewer delays.

If you’re looking to sell your home, these renovations may help increase your home’s value. If you plan to stay in your home, it’s still the ideal time to complete projects so you can enjoy your home to the fullest.

Here are five home renovations to complete this summer, plus two that can wait until fall.

1. Improve Your Outdoor Patio or Seating Area

If you don’t have the budget, or room, for a full deck, you can still create a seating area that fits your space and allows you to enjoy the longer, sunnier days of summer. FortuneBuilders shared several ways to make your outdoor space more appealing without breaking your budget, including DIY furniture out of concrete blocks and foam pads. Add a fire pit to the middle of your new seating area and you have an area for entertaining guests.

2. Replace Your Windows

Your old windows can cause you to spend 10–25% more on your energy bills. But how do you know if they’re due for an update? If you’ve felt the draft in the winter, you may know it’s time.

However, Forbes explains that if they’re broken, warped, or damaged, or your home needs a makeover, it’s time. Bob Vila also noted if you added caulking last year and you still felt the chill, it’s time to replace them. The good news is that you can expect to recuperate much of the cost of window replacement by increasing your home’s resale value.

3. Fix or Install a New Door

If you’ve noticed doors in your house that are harder to open than usual, now is the time to fix it. It’s common for doors to swell in the warmer, more humid summer months, which may cause them to stick. According to HomeAdvisor, a sticking door is easily fixed with a little sanding. However, if your door is sagging it may require changing the hardware that’s used to hang the door. If the door is damaged, make sure you replace it with a door that is a good fit for your climate.

4. Upgrade (or Replace) Your Driveway

As Eppraisal.com notes, driveways are a major part of your home’s curb appeal. Summer is the time to make updates, like refinishing your asphalt or concrete driveway or completely change its look. Need more parking for guests? Make your driveway wider. Interested in a new material? Seashells, for example, pair well with beachside cottages.

5. Pressure Wash Your Home

Like a shower for your house, a pressure wash can remove dirt and sediment, instantly brightening the look of your home. Pressure washing also gets rid of organic material that can, if not treated, damage your home, including mold and mildew.

While you can rent pressure washers, it’s worth looking into professional services that ensure your home isn’t damaged and that all debris is removed.

Plan Ahead: Fall Projects

While you may see painting crews out and about town during the summer, it’s best to wait until fall to paint your house. You still want warm temperatures—between 50 and 90 degrees is ideal, according to Consumer Reports—but you also want drier weather. If you wait until it’s too cold, you may not get proper adhesion. If done while too hot, your paint will dry too quickly, creating the potential for a streaky paint job. The best temperature will depend on the specific paint you choose.

You’ll also want to wait until fall for floor repairs. As Real Simple points out, summer’s heat and moisture can wreak havoc on your floors, particularly if they’re hardwood. By waiting until fall, you’ll be able to see the real extent of the repairs needed. Sand down and refinish scratched or damaged floors, but plan to replace boards that are deeply scratched. Unsure what’s needed? Call in a professional.

Fund Your Renovations

You have your home renovation to-do list, but not everyone has cash on hand to make the necessary improvements. One option is to tap into your home’s equity via a Hometap Investment. In exchange for a share of the future value of your home, Hometap will give you the cash you need to get the job done.

LEGAL DISCLAIMER

The opinions expressed in this post are for informational purposes only. To determine the best financing for your personal circumstances and goals, consult with a licensed advisor.

July 22, 2019March 22, 2023

Selling Your Home? Get Top Dollar by Tackling These Renovations First

Although it’s a buyer’s market, U.S. News & World Report says all signs point to 2019 being a good time for you to put your house on the market. Real estate experts cite a plethora of new buyers and low interest rates contributing to this year being the right time to get top dollar. And, if you have high equity, selling sooner rather than in a year or two will help you maximize your return on investment.

However, before you put your house on the market, there are a few home renovations you’ll want to make to ensure you maximize your home’s value. Even if you don’t plan on putting your home on the market this year (or even next), you’ll want to consider these five upgrades as you can enjoy them now and see a significant return on investment when you do decide to sell.

1. Add a New Garage Door

According to Remodeling magazine’s 2019 Cost vs. Value Report, you can expect to recuperate more than 97% of your investment in a garage door. A new garage door, adds Bankrate, instantly increases your home’s curb appeal.

2. Refinish an Existing Space

Additions and remodels are expensive. However, refinishing an existing space, such as a basement, is significantly less expensive and can add major value to your home. A refinished basement allows future homeowners to imagine a variety of uses, such as a second living room, game room, or apartment for an aging relative, explains Money Crashers.

3. Update Siding

When it comes to your home, first impressions matter. Old or damaged siding hurts your home’s curb appeal, which also decreases its resale value. By updating your siding, you’ll ensure you get potential buyers to look beyond the exterior.

Moving.com says you can expect to recuperate more than three-fourths of the cost based on 1,250 square feet of siding but reminds homeowners to remember the trim when replacing siding. It’s a critical part of ensuring a cohesive look.

4. Replace Your Roof

Your home’s roof is arguably one of the most important parts of the home. Family Handyman says the average cost is nearly $21,000, but it will offer a resale value of more than $14,000. In the meantime, you’ll benefit from improved energy efficiency and reduced risk of mold.

5. Improve Attic Insulation

Like replacing your roof, improving attic insulation allows you to benefit from better energy efficiency and, therefore, lower utility bills. It’s also attractive to prospective homebuyers and—the best part—it doesn’t cost a lot.

As SuperMoney explains, improving attic insulation means a contractor will air seal your attic floor and add fiberglass loose-fill insulation. Based on Remodeling magazine’s 2017 report, it was the one home improvement that actually had a positive ROI, meaning you stand to make more money than you spent on the upgrade.

Fund Your Home Maintenance Project

If you’re looking to improve your home’s resale value but don’t have the cash on hand for upgrades, you can tap into your home’s equity. A Hometap Investment gives you the cash you need now in exchange for a share of the future value of your home. Without interest or monthly payments, Hometap may be a smart way to benefit from home upgrades now and when you sell.

YOU SHOULD KNOW…

We do our best to make sure that the information in this post is as accurate as possible as of the date it is published, but things change quickly sometimes. Hometap does not endorse or monitor any linked websites. Individual situations differ, so consult your own finance, tax or legal professional to determine what makes sense for you.

March 24, 2019March 22, 2023

How to Get Started on Your Next Home Renovation

Renovation shows make the process look so easy: Start with a ho-hum house, call in a contractor or two, and, after a few commercial breaks, voila! Your dream home.

But, in reality, the road to your dream home—or even an upgraded home—is filled with considerations. The best way to make sure you’re happy with the results? Start the project on the right foot by following these five steps.

1. Identify the Issues

It’s easy to get dazzled by home store displays or renovation magazines, but the flashy “after” picture isn’t the best place to start. Start by carefully analyzing the issues with your current home.

You’ll discover there’s often a simpler solution. For example, if poor lighting is a common theme, swapping lightbulbs for a different type or strategically angling lights may solve your problem. Or you may find that there are so many issues that a renovation isn’t even worth the cost or trouble!

While you might want to give every room in your house a makeover, that might not be possible with your budget or your timeline. Prioritize your most immediate needs and add the rest to a “wish list.” Check to make sure projects will increase the value of your home (or at least won’t decrease it).

Easy Home Upgrades to Increase Your Resale Value »

2. Build Your Budget

It’s critical to ground yourself in reality. Do a financial audit by adding up all your debt (credit cards, student loans, mortgages, medical bills, etc.) and your regular expenses to understand how much you can realistically spend each month. Remember: Home renovation projects are notorious for coming in “over budget.” Research the average cost for each project on your list, then pad your estimate; Finance Superhero recommends adding an extra 15–20%. This will help you avoid having to pay for your project with credit cards—and taking on the debt that comes with that strategy.

3. Solidify Your Project Plan

Decide which projects you have budget to move forward with—and which can wait. If your wish list puts you way over budget, take a look at your credit score and overall credit status. If you’re in good financial standing, you can look to home loans and personal loans to finance your project. These options generally require you to make loan payments each month and can take several months to secure, so consider how that plays into your project timeline and financial plan.

Your next step is to create a detailed project plan. (We recommend using the outline from Renovate America as a guide.) Your plan should include an introduction of your personal history (if any) with renovations, specific project goals, timeline, budget details, and any additional information that may impact the bid, such as building materials you already have.

4. Compare Vendors

Everyone has friends with stories about “nightmare contractors” or renovations that spanned three Thanksgivings. But, with the right planning and careful research, it’s easy to find a contractor that you can trust and that will deliver the renovation you want.

First, it’s crucial to hire a licensed contractor. According to Renovate America, you’ll want a specialized contractor for projects involving plumbing, roofing, heating and cooling, landscaping, solar installation, windows and doors, lighting, and insulation. For other projects, a general contractor may suffice. Look to AngiesList.com, HomeAdvisor.com, and NextDoor.com/Houzz.com for contractor reviews from other homeowners who have worked with them.

Once you have bids from multiple contractors, look beyond price. Factor in contractor experience, any past homeowner reviews or referrals, a contractor’s talents or specialties, and your project’s unique needs.

Determine if you need permits for the construction and if you need to bring in professionals to help obtain the proper permits or to assist with particular portions of the project. For example, if you’re doing major layout changes, you may need an architect. If you’re looking for help with materials and fixtures, you may want to work with an interior designer. A contractor should be able to work seamlessly with these other professionals.

After you choose your contractor, decide on the final scope of the work, the materials, the timeline, the best form of communication and how often they will check in with you, as well as the budget and payment schedule. Most importantly: Get it all in writing.

5. Set Your Expectations

Home renovation projects come with several challenges, but if you expect that at the outset—and keep your end goal in mind—you can overcome them.

First, you’ll experience disruptions in your daily life. You’re living in a construction zone, after all. Second, even if the renovations are happening entirely inside of your house, you should expect some wear and tear on your yard. And, of course, expect the unexpected. From delays from weather or staffing problems to discoveries of asbestos, consider it part of your home renovation initiation.

A home renovation takes a lot of work, but a beautiful end result—the kind of home you’ve always dreamed of—certainly makes the whole process a bit easier.

If you’re looking for other ways to fund your home renovation project, you may consider a Hometap investment. Hometap lets you tap into your home’s equity—without any monthly payments or interest.

LEGAL DISCLAIMER

The opinions expressed in this post are for informational purposes only. To determine the best financing for your personal circumstances and goals, consult with a licensed advisor.

March 23, 2019March 22, 2023

How to Save for Home Repairs Before They’re Needed

Maintaining your home is expected, but surprise repairs can be expensive. HGTV recommends saving 1–3% of your home’s value every year, expressly for maintenance and repairs. Compounded over time, that savings account will come in handy for those emergencies that require a quick outlay of cash.

You may not use all the money you set aside each year, but protecting your financial future (and your home’s value) means saving time, money, and stress today. Here’s how to do it.

Budget for Monthly Repairs

A rainy day fund may seem old-fashioned except when it comes to unforeseen repairs to your home. Adding a line item to your budget for unexpected costs can save you considerable time scrambling for funds when roof damage, a defective boiler, or the like, strike.

The majority of homeowners pay 16% or less of their income to home costs like maintenance and taxes. See how many of them felt prepared for these costs before owning a home in our 2021 Homeowner Report.

How much is enough? The costs of owning a home don’t end at the closing. Home maintenance and repairs cost upwards of $14,000 a year on average, according to GoBankingRates.com.

Logic dictates that the younger the home, the fewer the repairs. Forbes advises homeowners with a home less than five years old allocate 1% in monthly savings while homes 25 years and older should use 4% as a guide.

Ward off costly repairs by completing these easy DIY tasks designed to preserve – and even grow – the value of your home.

Take Charge of Monthly Maintenance

It’s easy to settle into your home and put off today what you can fix tomorrow. Preventative maintenance, however, can increase your home value and help you avoid a disaster.

Your home’s exterior is the first thing potential buyers see. It can be instantly inviting or off-putting. Even if you don’t have a green thumb, landscaping your front yard and backyard is necessary maintenance. Ask around your neighborhood for recommendations if you don’t feel qualified to do the upkeep yourself.

Regularly check the inside of your home, too. Crawl through attics, inspect vents, check loose boards on the deck, and get a closer look at your roof health. Procrastination only leads to worsened conditions and steep costs. Fix that leaky pipe today before it leads to mold or more tomorrow.

Prepare for an Emergency

Despite your best efforts and planning, things do break unexpectedly. The worst thing to do is ignore the damage. As SoFi points out, that only leads to more expenses. Instead, consider your options to offset the financial emergency.

Home equity lines of credit (HELOCs) and home equity loans provide access to fast cash to fund your repairs. Make sure you can foot the monthly payments and interest to avoid deeper debt. Another option is a home equity investment like Hometap. Turn your home equity into cash without monthly payments or interest.

Be the Hero of Your Home

Homeownership comes with a good deal of responsibility. Routine maintenance and monthly savings can really save you from costly repairs.

LEGAL DISCLAIMER

The opinions expressed in this post are for informational purposes only. To determine the best financing for your personal circumstances and goals, consult with a licensed advisor.

July 18, 2018June 23, 2022

5 Easy Home Repairs You Can Do Now to Save Thousands Later

“An ounce of prevention is worth a pound of cure” goes the old adage, but for homeowners, it’s more apt to say a few dollars spent on maintenance now avoids thousands on home repairs later. It’s all about taking a proactive, affordable planning approach so you won’t have to deal with reactive (and expensive) cleanup and replacements down the line.

Of course, with all things homeowner-related, there will be some costs involved for home maintenance—but how much? A good rule of thumb is to budget 1—3% of your home’s value for upkeep each year. (For example, if your home cost $800,000, set aside $8,000 annually to keep everything in working order.)

You’re committed to staying on top of home repairs and you’re setting money aside. Bravo! Now, which home maintenance projects should you tackle first? Here are five options for home upkeep where a little effort today results in big savings tomorrow.

1. Clean Your Gutters and Avoid Costly Roof Repair

Gutters are notorious traps for leaves, dirt, and debris and that detritus buildup can lead to leaks, mold, roof and foundation damage, pest issues, and other (costly) headaches. Home experts recommend having your gutters cleaned at least twice a year, once in the fall and once in the spring, or up to four times a year if you have pine trees on your property.

Estimated gutter cleaning cost: $100 to $250

Estimated roof replacement cost: $12,000

Potential maintenance savings: $11,900

2. Add Weatherstripping to Cut Your Energy Bill by 10—15%

Weatherstripped windows and doors stop drafts and keep heat and A/C inside. This not only means more comfortable rooms, but more efficient heating and cooling systems with an average savings of 10—15% on your energy bills. Bonus: Depending on your income and residence, you may be eligible for weatherization assistance from your state weatherization agency.

Estimated weatherstripping cost: $250

Estimated utility savings: $48 to $139 per bill, based on heating fuel type

Potential maintenance savings: up to $300 per season

3. Get a Drip Pan and Keep Your Drywall Dry

If your hot water heater springs a leak, a drip pan connected to a drain line whisks the water out the drain and away from your floors, drywall, and furnishings. Check your water heater to ensure a drip pan and drain line are properly set up on your water heater, and if not, schedule a replacement installation ASAP to avoid an interior flood.

Estimated water heater replacement costs: $500 to $1,800

Estimated basement flood cleanup costs: $500 to $10,000

Potential maintenance savings: up to $9,500

4. Recaulk Your Tub and Avoid Replacing Tile, Walls, and Ceilings Later

Caulking seals the area around a bathtub, preventing leaks that can damage tile, walls, and ceilings. For maximum effectiveness, caulk should be replaced every five years or earlier if there are significant chips, cracks, peels, or mold/mildew buildup. (One way to tell: If there’s black gunk on or around your tub that never seems to get clean that means the growth is behind the caulk and it’s time to repair.)

Estimated bathtub caulking costs: up to $150

Estimated cracked bathtub/fixtures replacement costs: up to $3,000

Potential maintenance savings: up to $2,850

5. Wrap Your Pipes and Skip Costly Plumber Bills

If you have pipes near walls that aren’t insulated—such as in basements, attics, or under sinks—you can prevent them from freezing (and bursting) by wrapping them directly with foam, fiberglass, or rubber sleeves. These extra layers, coupled with keeping your heat on and running your pipes during frigid temperatures, are a cost-effective way to safeguard your pipes.

Estimated pipe insulation costs: $95 to $300

Estimated burst pipe repair costs: $1,000

Potential maintenance savings: $700 to $905

How much can you save?

Total estimated maintenance spending: up to $2,750

Total estimated repair/replacement savings: up to $25,000

Now we all know that life still happens even if you’ve taken every preventative measure possible. When it does, Hometap is here as an option to help you get through those pesky repair costs without taking out a high-interest loan or adding another monthly payment. See how homeowners have been accessing the equity they’ve built up in their home with a Hometap Investment today!

Take our 5-minute quiz to see if a home equity investment is a good fit for you.

LEGAL DISCLAIMER

The opinions expressed in this post are for informational purposes only. To determine the best financing for your personal circumstances and goals, consult with a licensed advisor.