ATLANTA, July 31, 2019 /PRNewswire/ -- Are you planning to
nest in a home that may not be at its best? If so, you're not
alone. According to a recent LightStream survey
[https://blog.lightstream.com/2019-home-improvement-trends/]
conducted by The Harris Poll, 59% of homeowners intend to live in
their current place for at least 10 years (or never move!). In
fact, 73% of survey participants said they'll be spending money on
home improvement projects in 2019.
To help people renovate in ways that are both smart and stylish,
HGTV host and real estate expert Egypt Sherrod is sharing home
improvement tips in partnership with LightStream, the nation's
premier online consumer lender.
Highlights of Egypt's Tips
to "Invest in Your Nest"
- Good bones add the most value
While personalization
is important in creating your dream home, don't overlook the less
glamorous—but essential—elements. You may not get as excited about
upgrading your HVAC units as you do about making over a bathroom.
However, tending to projects that improve the functionality and
systems in your house often lead to a higher ROI compared to
aesthetic-focused ones.
- Choose "timeless" over "trendy"
It's easy to be
tempted into the latest trends during home renovations, like
shiplap walls and waterfall countertops. They may be hot right now,
but could become dated very quickly. Remember how cool wood
paneling and shag carpets used to be? Choose timeless, classic
styles and easily updatable accessories that won't cost a fortune
to replace down the road.
- Invest in your nest…without depleting your nest egg
Home improvements can be a smart investment that dramatically
improve your quality of life. The key, however, is to stay
within a budget that doesn't become a financial burden. Many
homeowners mistakenly use their entire savings to pay for a
renovation, which can leave them without a financial emergency
safety net.
- Consider your financing options
Homeowners may opt to
use credit cards for their projects, which can become expensive
quickly, as balances with high-interest rates carry over from month
to month. While a home equity line of credit can be a
solution for some, these often take time to arrange, and many homes
haven't accrued equity to tap. But there is an option that can
provide needed funds without sacrificing your financial
well-being—a fixed rate, unsecured home improvement loan.
"The best part of my job is helping make clients' dreams come
true, which is why I'm excited to partner with LightStream," said
Egypt. "Their fast, unsecured home
improvement loans are a smart financial tool, giving people with
good credit access to the funds they need to turn dreams into
reality at low interest rates—and with no fees."
Enjoy more Egypt Sherrod "Invest in your Nest" Home Renovations
Tips in her new video, presented by LightStream.
[https://youtu.be/N_OwQV5XORU] You can also receive
additional information by visiting The LightStream Blog
[https://blog.lightstream.com/egypt-sherrods-5-best-home-renovation-tips/?cid=PR-HIL-HIC2019-TIPSFROMEGYPT]
or LightStream.com/TipsFromEgypt
[LightStream.com/TipsFromEgypt]
About LightStream, a division of SunTrust Bank
LightStream is a national online lending division of SunTrust Bank.
LightStream delivers financial confidence by delivering unsecured
loans to good-credit customers for practically any purpose,
including home improvements. Financing is available in all 50
states; people need not have a SunTrust account in order to apply.
Through a simple online application process, funds can be provided
with no fees, on the same day. Click here [
www.lightstream.com/disclosures ] for important disclosures,
including a payment example as well as information on same day
funding, LightStream's Rate Beat Program and its $100 Loan Experience Guarantee.
About SunTrust Banks, Inc.
SunTrust Banks, Inc. is a
purpose-driven company dedicated to Lighting the Way to Financial
Well-Being for the people, businesses, and communities it serves.
SunTrust leads onUp, a national movement inspiring Americans to
build financial confidence. Headquartered in Atlanta, the Company has two business
segments: Consumer and Wholesale. Its flagship subsidiary, SunTrust
Bank, operates an extensive branch and ATM network throughout the
high-growth Southeast and Mid-Atlantic states, along with 24-hour
digital access. Certain business lines serve consumer, commercial,
corporate, and institutional clients nationally. As of June 30, 2019, SunTrust had total assets of
$222 billion and total deposits of
$161 billion. The Company provides
deposit, credit, trust, investment, mortgage, asset management,
securities brokerage, and capital market services. Learn more at
suntrust.com.
Survey Methodology
Surveys were conducted online
within the United States by The Harris Poll on behalf
of LightStream. The 2019 survey was fielded
from January 8 – 10, 2019 among 1,258 homeowners, of whom
877 are planning to spend money on home improvement projects in
2019. Year over year comparisons derived from a
survey January 26 – 30, 2018, among 1,413 homeowners, of whom
795 were planning to spend money on home improvement projects.
These online surveys are not based on a probability sample and
therefore no estimate of theoretical sampling error can be
calculated. For complete survey methodologies, including weighting
variables and subgroup sample sizes,
contact MediaRelations@lightstream.com.
SunTrust Bank is an Equal Housing Lender. © 2019 SunTrust Banks,
Inc. All rights reserved. SunTrust and LightStream are federally
registered service marks of SunTrust Banks, Inc.
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SOURCE SunTrust Banks, Inc.