Summer Home Improvements You Can Tackle with a Home Equity Loan or HELOC 

Thinking about giving your home a summer refresh? With longer days and warm weather, summer is the perfect time to take on a home improvement project. Whether you’re dreaming of a new deck, a modern kitchen, or better energy efficiency, your home’s equity could help make it happen. 

What Is Home Equity and How Can You Use It? 

Home equity is the difference between what your home is worth and what you still owe on your mortgage. If you’ve built up equity, you may be able to use it to finance upgrades. 

Two popular options: 

• Home Equity Loan 
  An up-front lump-sum of money with a fixed interest rate and predictable monthly payments. Best for large, one-time projects like a remodel or big purchase. 

• HELOC (Home Equity Line of Credit) 
  Similar to a credit card. You borrow as needed during a draw period and repay over time. Best for ongoing projects, smaller upgrades, tuition, or unexpected expenses. 

✅ Both options typically offer lower interest rates than personal loans or credit cards. 

Top Summer Home Improvement Ideas That Boost Value 

Here are some smart projects that add comfort and value: 

• 🪵 New deck or patio  

• 🏠 Roof replacement or repairs 

• ❄️ HVAC upgrade or central air install 

• 🍳 Kitchen or bathroom refresh 

• 🪟 Energy-efficient windows or insulation 

• 🌳 Landscaping and curb appeal upgrades 

How Much Do These Projects Cost? 

🪵 New Deck or Patio 

• Wood deck: $4,000 – $10,000 

• Composite deck: $7,000 – $15,000 

• Concrete or paver patio: $2,500 – $8,000 

👉 Costs depend on size, materials, and design features. 

❄️ HVAC Upgrade or Central Air 

• Central air install: $5,000 – $12,000 

• Full HVAC replacement: $7,000 – $15,000+ 

👉 Price varies by home size, ductwork needs, and efficiency rating. 

🍳 Kitchen or Bathroom Refresh 

• Kitchen: $5,000 – $15,000 

• Bathroom: $3,000 – $10,000 

👉 Think new countertops, fixtures, tile, paint, or cabinet upgrades. 

🪟 Energy-Efficient Upgrades 

• New windows: $6,000 – $15,000 

• Insulation (attic/basement): $1,500 – $5,000 

👉 Save on energy bills with these long-term upgrades. 

🌳 Landscaping & Curb Appeal 

• Basic upgrades: $2,000 – $5,000 

• Major improvements: $5,000 – $15,000+ 

👉 Includes lighting, walkways, sod, plants, and irrigation. 

Tips for Using Home Equity Wisely 

• ✅ Don’t borrow more than you need 

• ✅ Get quotes from multiple contractors 

• ✅ Focus on upgrades that improve value or comfort 

• ✅ Make a realistic repayment plan 

How to Get Started 

1. Check your current home equity 
2. Talk to a local lender – Our Honor team is here to help 
3. Use Honor’s HELOC Equity Calculator 
4. Get pre-approved before starting any project 
5. Apply for a Home Equity Loan or HELOC through Honor Credit Union 

Make the Most of Summer 

Summer is the perfect time to invest in your home. Take advantage of the extra daylight and seasonal sales—and enjoy the upgrades for years to come. Whether you’re planning something big or small, Honor Credit Union is here to help you bring your vision to life.