Building Equity

For many of you it will be great to see the day when your mortgage is paid off and you own your home free and clear.  If that time for you is very far off for you, a smart thing to do is to build equity in your Hoboken home right now.

Following are the best ways to build equity in your home:

1. Get a 15-year loan, instead of a 30-year loan. The payments will be higher on the 15-year loan, but the equity will accumulate quicker as the loan is paid off in a shorter amount of time.

2. Make extra mortgage payments.

3. Pay off a loan.

4. Invest in major home improvements. Very seldom will improvements have a 100 percent return of the cost, but they will certainly increase the value of the home.

5. Wait for home values to increase. The appreciation of the value of a home also increases equity.

If you are considering selling your Hoboken home in the near future, or if you have any questions regarding your property, I have the answers to all of your questions. There are many properties on the Hoboken market to choose from so allow me to show you the best marketing strategies to sell your home quickly.

For more great reasons to buy a home in 2010, please click on The Best Time to Buy a Home is Now!

If you have been patiently waiting to buy a Hoboken home, now is the time to do it. All of the key factors are in place to ensure that your home purchase will be a major, positive life changing event.  With low mortgage rates available,  this is the opportunity you have been waiting for.  Make 2010 the year you purchase your dream home. For more information contact Eddie Perez, Broker-REALTOR, CDPE. Eddie’s market includes Hoboken, Jersey City, Weehawken and Union City.  Eddie can also be reached at by phone at 201-344-2886.

Explore posts in the same categories: Hoboken Homes


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