How Stephen Got His Historic Home in Shape to Sell

Stephen, a Washington homeowner, loves his historic home and all of its character — but not the old-house challenges that come along with it.

“This house was built in 1944. And one of the unique things about it is that it used to be a dairy farm,” Stephen explained. “With it being an old house, it needs lots of improvement to bring it up to modern standards. So when we bought the house, we did a lot of work — we had the septic put in, the roof put in…but like all old houses, it just constantly needs work and improvement. We want to make it attractive to future buyers when we go to sell it.”

In addition to the home improvements, he wanted to pay down some debt that had accumulated, and began to explore financing options to reach both goals. Ultimately, Hometap’s 10-year timeline made it the right choice for him.

“We looked into several options…HELOC…refi…all kinds of options, and I think the one that made the most sense was Hometap, because you have basically anywhere between now and 10 years [to settle].”

Stephen also appreciated the fact that the Investment experience was easy, transparent, and straightforward — and that there aren’t any monthly payments attached.

“The whole process from start to finish was just flawless. It was so simple and easy and painless and worry-free. And for us in the long run…we don't have that extra payment each month that we would have with a HELOC, especially with high interest rates.”

Stephen worked with a dedicated Investment Manager who answered questions and guided him through from Estimate to funding.

“I think one of the best things about working with Hometap is that they're very professional, very friendly, very courteous,” Stephen said. “All the information was there for us to read through…the resources to see where we'd be between now and 10 years from now.”

Best of all, the equity Stephen has accessed from his home has paved the way for a brighter future for him and his family.

“Long term, we see value in this — increasing the value of the home, making it more attractive to buyers in the future and helping us progress, and moving on to the next step in this process. It’s been a huge undertaking, but I’d have to say that Hometap has [been] extremely helpful to us to achieve the things that we've been wanting to do, but couldn't do. It's just awesome. I have nothing but good things to say.”

If you could benefit from accessing your equity to reach your goals, find out if you qualify for a Hometap Investment. It only takes two minutes.