{"id":48570,"date":"2024-09-26T13:02:23","date_gmt":"2024-09-26T20:02:23","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=48570"},"modified":"2025-02-27T10:01:54","modified_gmt":"2025-02-27T18:01:54","slug":"buyer-how-to-build-equity-in-a-home","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/buyer-how-to-build-equity-in-a-home\/","title":{"rendered":"How to Build Equity in a Home: 12 Specific Tips"},"content":{"rendered":"

Growing equity can benefit you<\/a> now and in the future, especially when it comes time to sell your house. In this post, we narrow down the general advice and provide clear and specific tips on how to build equity in a home.<\/p>\n

We\u2019ll share actionable steps you can take to increase your equity faster.<\/p>\n\n\n\n\n\n

\n
\n
\n \"homelight\n <\/div>\n \n

How Much Is Your Home Worth Now?<\/h3>\n

Home values have rapidly increased in recent years. How much is your current home worth now? Get a ballpark estimate from HomeLight’s free Home Value Estimator.<\/p>\n \n

\n Get Estimate<\/a>\n <\/div>\n <\/div>\n<\/div>\n\n\n

What is home equity?<\/h2>\n

Home equity<\/a> is the portion of your home that you actually own outright, not what\u2019s still owed on your mortgage. It\u2019s the difference between your home\u2019s market value and the remaining balance on your mortgage.<\/p>\n

For example, if your home is worth $400,000 and you still owe $250,000 on your mortgage, your equity is $150,000. As you pay down your mortgage and your home value increases, your equity grows.<\/p>\n

Home equity is valuable because it represents a significant part of your net worth and can be used for future investments or financial needs, like home improvements or even retirement funds.<\/p>\n","protected":false},"excerpt":{"rendered":"

Discover 12 specific tips on how to build equity in a home faster, from extra payments to smart renovations. See calculators to help you plan.<\/p>\n","protected":false},"author":298,"featured_media":48575,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[192,654,333],"tags":[],"class_list":["post-48570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-buyers","category-homeownership","category-increase-value"],"acf":[],"yoast_head":"\nHow to Build Equity in a Home: 12 Specific Tips<\/title>\n<meta name=\"description\" content=\"Discover 12 specific tips on how to build equity in a home faster, from extra payments to smart renovations. See calculators to help you plan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.homelight.com\/blog\/buyer-how-to-build-equity-in-a-home\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Build Equity in a Home: 12 Specific Tips\" \/>\n<meta property=\"og:description\" content=\"Discover 12 specific tips on how to build equity in a home faster, from extra payments to smart renovations. See calculators to help you plan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.homelight.com\/blog\/buyer-how-to-build-equity-in-a-home\/\" \/>\n<meta property=\"og:site_name\" content=\"HomeLight Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/gohomelight\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-26T20:02:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-27T18:01:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/hl-blog.homelight.com\/wp-content\/uploads\/2024\/09\/Untitled-design-2024-09-27T024610.985.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Richard Haddad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@gohomelight\" \/>\n<meta name=\"twitter:site\" content=\"@gohomelight\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Richard Haddad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How to Build Equity in a Home: 12 Specific Tips","description":"Discover 12 specific tips on how to build equity in a home faster, from extra payments to smart renovations. 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