It’s a tough choice for a homeowner: Move into a new house, or improve the one you have. It seems so easy to call a realtor and arrange a showing. But your current home has something no new home can offer–equity.

Home equity is on the rise, providing homeowners a ready financing source to turn home sweet home into home sweet dream home. On average, homeowners spend 18 months planning home improvements. It’s time well spent; some renovations pay off better than others. Bathroom and kitchen renovations provide the greatest return, between 72% and 82%. Home office remodels hold the low end at 48%.

As you plan, look beyond your house to your neighborhood. Will renovations put you in a different league–and price range–than your neighbors? Also, keep in mind how long you’ll be in your house. If you’re going to fix it up and sell in six months, you’ll get all the pain of remodeling and not much gain. But if you plan to live in the house more than three years, it makes economic sense to remodel.

Visit for more information about our different Home Equity Loans, rates and terms. Call Mid Oregon Credit Union at (541) 382-1795 or visit one of our 6 offices to help you calculate your equity and discuss your home equity loan options today.

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