Your net worth is an indicator of your financial fitness. If it’s high, then you’re much more likely to enjoy a financially fulfilled life. If it’s low, well, you know you have some work to do.
The good news is that increasing your net worth is a lot easier when you own a home!
As a homeowner, your net worth includes the equity you hold in your home. So, if you want to increase your net worth using your property, you simply have to increase your equity!
These 3 ideas will help you build your equity and, consequently, your net worth.
You can do this by paying more into your principal, switching to a 15-year mortgage to decrease the amount you pay in interest and increase the amount paid towards your principal, or increase the value of your home through home improvements.
Want to talk more about how you can maximize your net worth through your home? Send a DM and let’s talk!
