{"id":2228,"date":"2021-11-22T14:12:33","date_gmt":"2021-11-22T14:12:33","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=2228"},"modified":"2021-11-22T14:12:33","modified_gmt":"2021-11-22T14:12:33","slug":"4-ways-homeowners-can-use-equity","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/4-ways-homeowners-can-use-equity\/","title":{"rendered":"4 Ways Homeowners Can Use Their Equity"},"content":{"rendered":"
\"\"

4 Ways Homeowners Can Use Their Equity<\/p><\/div>\n

Your equity<\/a> is a powerful tool that can help you achieve your goals as a homeowner. And chances are, your equity grew substantially over the past year. According to the latest Equity Insights Report<\/em><\/a> from CoreLogic<\/em>, homeowners gained an average of $51,500 in equity over the past year.<\/p>\n

If you\u2019re looking for the best ways to use your growing equity<\/a>, here are four options:<\/p>\n

1. Use Your Equity To Buy a Home That Fits Your Needs<\/strong><\/h4>\n

If you\u2019re finding you no longer have the space<\/a> you need, it might be time to move<\/a> into a larger home. Or, it\u2019s possible you have too much<\/em> space and would like something smaller<\/a>. No matter the situation, consider using your equity to power a move into a home that fits your changing lifestyle. <\/strong>Moving into a larger home can provide extra space for remote work or loved ones. Downsizing, on the other hand, may mean saving time and money by caring for a smaller home.<\/p>\n

2. Move to the Location of Your Dreams<\/strong><\/h4>\n

If the size of your home isn\u2019t a challenge but your current location is, it could be time to relocate to a new area. Maybe you enjoy vacationing in the mountains, at the beach, or another area, and you\u2019re dreaming of living there year-round. Or perhaps the distance between you and your loved ones is greater than you\u2019d like, and you want to close the gap. No matter what, your home equity can fuel your move to the location where you really want to live.<\/p>\n

3. Start a New Business<\/strong><\/h4>\n

If you\u2019re not ready to move into a new home, you can use your equity to invest in a new business venture. As the U.S. Small Business Administration Office of Advocacy<\/em> says<\/a>:<\/p>\n

\u201cThere is an estimate of 31.7 million small business owners in the United States, many of them started their business with the equity they had in their home.<\/strong>\u201d<\/em><\/p><\/blockquote>\n

While it\u2019s not recommended that homeowners use their equity for unnecessary spending, leveraging your equity to start a business that you\u2019re passionate about can potentially grow your nest egg further.<\/p>\n

4. Fund an Education<\/strong><\/h4>\n

Whether you have a loved one preparing to head off to college or you\u2019re planning to go back to school yourself, the thought of paying for higher education can be daunting. In either situation, using a portion of your growing equity can help with those costs, so you can make an investment in someone\u2019s future.<\/strong><\/p>\n

Bottom Line<\/strong><\/h3>\n

Your equity can help you achieve your goals. If you\u2019re unsure how much equity you have in your home, let\u2019s connect today so you can start planning your next move.<\/p>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The author does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. The author will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.<\/em><\/h5>\n","protected":false},"excerpt":{"rendered":"

Your equity is a powerful tool that can help you achieve your goals as a homeowner. And chances are, your equity grew substantially over the past year. Finish Reading 4 Ways Homeowners Can Use Their Equity<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[69],"tags":[38,15,306,129,10,16,27,91,128,52,67,188,208,32,203,25,176,9,49,42,40,20,48,28,47,19,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2228"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=2228"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2228\/revisions"}],"predecessor-version":[{"id":2230,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2228\/revisions\/2230"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=2228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=2228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=2228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}