The Ultimate Guide to Your Home Equity Dashboard
Last updated August 28, 2023
If you’re new to the Home Equity Dashboard, this blog post will give you an overview of what it is, how you can best leverage it, and what new tools you’ll want to know about. The Dashboard is a free online tool Hometap created to provide you with a simple way to monitor your home value and equity growth over time — and intel on how to actively grow and leverage that equity.
The Dashboard includes features we’re really proud to share with you, including an interactive scenario planner so you can see a clearer picture of how your home value might change with each financial decision you make (and save it for later reference). It also includes a return on investment renovation calculator, maintenance resources to preserve and grow your home’s value, and special offers from some of our trusted and vetted partners.
The Home Equity Dashboard is free for homeowners to use, and it takes just two minutes to create an account. If you’re already a Hometap homeowner with an account for your home equity investment, it’s even easier! You can already access all of the features of the Dashboard right from your Hub.
Navigating This Guide
We’ll soon be introducing exciting updates that will continue to make your Dashboard such an invaluable tool that you’ll wonder how you ever lived without it. This guide is designed to make it easy for you to see the latest features, learn how to use them, and locate them.
This list of new features below is a guide of existing (read: not-so-new) features for you to refer back to at any time. We’ve organized them by section, so you can always find what you’re looking for in a snap.
Let’s get into it!
New Features to Check Out
- Social sign-on (SSO): Logging in just got faster. Now, you can log into your account without creating another username and password. You can choose between receiving a “magic link” via email to authenticate your account, or logging in with your Google account.
- Multiple liens: Do you have another mortgage, loan, or line of credit you’d like to add to your Dashboard? Now you can do just that to see a more accurate picture of what you owe and what you own.
- Multiple properties: If you have more than one residential property you’d like to track in your Dashboard, whether it’s an investment property or a vacation home, you can now add — and seamlessly toggle between — them!
Previously Released Features by Category
Already know what you’re looking for? Click to go there directly.
- Account Features
- Home Equity Dashboard Features
- Renovation Calculator Features
- Home Maintenance Features
- Resource Features
- Partner Updates
Your account is where you can manage your profile details, reset your password, and find answers to some of the most frequently asked questions we get.
Home Equity Dashboard Features
Once you’ve entered your current home value, current interest rate, and your monthly mortgage payment, your Dashboard will display your home’s projected value in 5 and 10 years, how much equity you can expect to have at that time based on different appreciation scenarios, and how you can expect your debt to decrease over time.
By saving different scenarios, you can compare different hypothetical plans to visualize various outcomes like the difference between high and low appreciation, or the impact of a lien on your debt timeline.
Have additional liens you want to include in your Dashboard? Select “add debt” and fill out the appropriate fields to instantly see a fuller financial picture.
Renovation Calculator Features
The Renovation Calculator was designed to help you find the best renovation scenario to suit your needs and budget. Select your project and desired quality tier to learn the average cost for your area, the estimated average value it will add to your home, and other considerations to help you prepare for your renovations. You can even add a planned renovation to your current home value to see how it will impact that value over time in different cases of appreciation.
Home Maintenance Features
Stay on top of the home maintenance tasks that help protect and preserve your home value. Our maintenance feature provides a checklist to help you prioritize projects by season, giving you tips on what to handle yourself and what to outsource, the equipment you’ll need, how to successfully execute each task, and suggested frequency.
Our resources are an ever-evolving collection of tools, articles, and guides on topics ranging from home financing to achieving goals like paying off debt and renovating. Our market insights will keep you apprised of the latest events that have the potential to impact you and your property.
We partner with home brands that align with our mission to help homeowners like you achieve their goals with less stress and more control. To date, those partners include Simplisafe home security, and Branch home insurance.
These partnerships allow us to offer exclusive rates and discounts to our loyal customers.
You should know
We do our best to make sure that the information in this post is as accurate as possible as of the date it is published, but things change quickly sometimes. Hometap does not endorse or monitor any linked websites. Individual situations differ, so consult your own finance, tax or legal professional to determine what makes sense for you.