Finance a Renovation

Home equity investments from Hometap provide a way for homeowners to be paid today for equity they’ve accumulated in their property — without monthly payments. We invest alongside homeowners, providing cash today in exchange for a share in the home’s future value. Homeowners can settle the Investment any time within 10 years, and use the funds for anything they’d like.

No, we’re not involved in any renovation decisions and we don’t share in any of the home value attributable to renovations, as determined by an appraiser.

Yes, we do. You may request an adjustment to the agreed home value to account for any appreciation in the value of the property as a result of certain qualified renovations amounting to $25,000 or more. Here’s how it works: the homeowner provides us with evidence of the renovation, including receipts and photographs, within 90 days of its completion. The amount of a renovation adjustment, if approved by Hometap, will be the difference, as determined by an appraiser, between the appraised value of the property post-renovation and the hypothetical value of the property without the renovations. Accepted renovation adjustments are not guaranteed.

If you haven’t yet made renovations and are hoping to add value to your home, it pays off to do your homework, as some improvements are worth more than others. Our Renovation Calculator can help you easily calculate the average cost and return on investment of common projects.

Sign up for our free Home Equity Dashboard to check it out!