The spring season is always a great time to get started on those long overdue home improvement projects in order to get prepared for all of the upcoming summer activities. Perhaps, you’ve decided you’d like to create an outdoor living space, add a gazebo, or install a stone patio? Or, maybe your home improvement projects are more like home maintenance projects that you just haven’t gotten to tackle?

If you’ve made the decision to get started, then you may want to consider the projects and their return on your investment (ROI). According to a recent study, the following six home improvement projects returned the highest investment on your home’s resale value:

  • Attic insulation—107.7% (ROI)
  • New Entry Door—90.7% (ROI)
  • Siding Replacement—76.4% (ROI)
  • Deck Addition (wood)—71.5% (ROI)
  • Deck Addition (composite)—65.2%
  • Backyard Patio—54.9% (ROI)

Although you may not plan to sell your home soon, your ROI is important before determining the project and your overall budget. Whatever your inspiration, consider securing a home equity line of credit before you get started. By having a home equity line of credit, you’ll have an established amount waiting before you start planning your projects. This not only helps you know your budget ahead of time, but also gives you the peace-of-mind knowing those funds are available.

If you’re not sure if a home equity line of credit is right for you and your spring home improvement projects, just ask any First Bank professional. We’ll be happy to answer any questions.

*, “The Renovations that Will Pay Off the Most for Your Home in 2017”