Financial Education

The Personal and Financial Benefits of Sprucing Up Your Home

If you've been thinking about giving your home some updates – and many homeowners who are opting to stay in their current homes are – now may be a good time to move forward on home improvement projects. As the economy and consumer confidence improves, economists are seeing an increase in residential renovation.* Beat your neighbors to the home improvement store or construction professionals, and start enjoying your home's updates sooner!

Focus on Value

Giving your home some renovations can increase your home's value in two ways:

  1. You and your family can take greater pride in your home and be more comfortable.
  2. Your home may be more attractive to buyers if you choose to sell down the road.

And you don't necessarily have to start knocking down walls! Minor replacements can make a big difference. According to Remodeling magazine's most recent Cost vs. Value Report, replacement projects are performing better in resale value than remodeling projects (see chart). For example, door, siding and window replacements improve curb appeal right away at a relatively low cost.

Figure Your Financing

Whether you're ready to begin a do-it-yourself project or eager to talk with home improvement professionals, Chaco can help you start off on the right foot with smart financial decisions. Based on the equity in your home, you may qualify for a home equity loan or line of credit. Loan limits can range up to $100,000 and Chaco has competitive fixed or variable interest rates based on prime.

* Source: "Homeowners Stop Waiting to Spruce Up," The Wall Street Journal, Jan. 20, 2012.

Making a House a Home

2010-11 National Averages for Popular Midrange Projects


Job Cost

Resale Value

Cost Recouped

Entry door replacement (steel)




Garage door replacement




Minor kitchen remodel




Deck addition (wood)




Siding replacement (vinyl)




Window replacement (wood)




Bathroom remodel




Source: Remodeling magazine, Cost vs. Value Report 2010-11.

Our Difference is Simple

When it comes to your financial plan, we understand what you need now and more importantly, what you need tomorrow. We are here to help you get the most out of both. Whether just starting out or preparing to retire, we help you become financially prepared and fully informed. At Chaco, we bring you the same expertise and competitive services as other institutions, but with the compassion and genuine care that can only come from being member-owned and operated. From CDs and savings to mortgages and more, we work to keep things simple when it comes to your finances – so you can focus on your life. And that makes a difference.