Palazzo At Park Center 4550 Strutfield Lane, #2228, Alexandria, VA 22311 Just Listed! By-12:45Team

4550 Strutfield Lane, #2228, Alexandria, VA 22311 Exclusively Listed by VA, MD & DC Top Real Estate Agent Nate Johnson - 12:45 Team 571-494-1245

Just Listed!  You have to see this home in person.  Palazzo At Park Center, 2bed/ 1bath, Condo, $295,000MLS #AX10016063


Special incentives for buyer - call/text 571-494-1245 or email NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!

To see more photos of the property click here

4550 Strutfield Lane, #2228, Alexandria, VA 22311

Bright & spacious 2 bed/1 bath corner unit in Alexandria City! This home features hardwood floors, high ceilings, crown molding, 2 balconies, tank-less water heater, 432 cu ft storage unit, same floor & pool close by! 2nd bedroom can be den! Kitchen & bath have lots of cabinet space. Assigned parking in basemnt garage w/elevator, quiet neighborhood! Close to shops, 395, restaurants, D.C. & Arlington!



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Need to sell your home? Contact us for special seller incentives and buy this home with us and we will sell yours for free!  Contact Natejohnson@1245team.com for more details.








Quan Storyboard

I love the city as I grew up in Washington and Alexandria being on the border of DC, Falls Church, and Arlington was so great being minutes away to explore.
Favorite places to go were walking around the historical Alexandria Old Town's shops and restaurants. I liked going into DC to see museums along the National Mall. Affordable markets from Aldi's, Trader Joe's to the Fresh Market, and a new Harris Teeters 2018 within walking distance are great. And large malls like Pentagon City nearby or you can get to Tysons Corner with hundreds of brands to shop.
Unique to the neighborhood was the diversity of people, food, and the mix of green with parks and trails to bike or walk nearby, while being close to city festivals and D.C. events.
Favorite restaurants right nearby are casual such as Zoe's Kitchen, Potbellies, La Madeleines.. or big mix of Thai, Chinese, Sushi, Indian, Ethiopian restaurants on Rt 7, in Old Town, Arlington, and Falls Church.
I knew I liked the home, it was close to my work, shops, and rt 395, but mainly I liked the safety, quiet and comfortable environment. Management onsite is really important as they do a good job for the community in maintaining the flowers and trees, and landscaping on the grounds and the lake next to the condo gives lot of green compared to other condos. Pet friendly to residents.

Notable features within the unit are the kitchen and bathroom has lot of cabinets, dining area has natural light with 2 large windows. Bedroom walk-in closet roomy. Both Living room and Den have balconies. And a real plus is my particular unit was purchased with a huge Storage unit 6' x 9' x 8' on the same floor! My unit is right next to the clubhouse gym and pool. Other features are full size w/d,  underground parking and elevator access to mail, hall trash chute and recycle area right downstairs is very convenient to my unit.

4550 Strutfield Lane, #2228, Alexandria, VA 22311

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked top real estate team.

Coventry 9720 W. Widland Way, Fredericksburg, VA 22408 Coming Soon! By-12:45Team

9720 W. Widland Way, Fredericksburg, VA 22408 Exclusively Listed by VA, MD & DC Top Real Estate Agent Nate Johnson - 12:45 Team 540-585-1245

Coming Soon! - You are the first to see this home. Coventry, 3bed/2bath, Townhome, $174,900

To see more photos of this home email Shawn@1245team.com

Special incentives for buyer - call/text 540-585-1245 or email Shawn@1245team.com or  NateJohnson@1245team.com to check on buyer incentives and schedule your private showing before it goes lives!

SPECIAL - Want to have the inside scoop to all coming soon properties before anyone else?  We have the list free for you.  Click here for Coming Soon Properties

9720 W. Widland Way, Fredericksburg, VA 22408




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9720 W. Widland Way, Fredericksburg, VA 22408

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked top real estate team.

Urbana Highlands 4102 Celtic Way, Frederick, MD 21704 Coming Soon! By-12:45Team

4102 Celtic Way, Frederick, MD 21704 Exclusively Listed by VA, MD & DC Top Real Estate Agent Nate Johnson - 12:45 Team 240-356-1245

Coming Soon! - You are the first to see this home. Urbana Highlands, 5bed/3.5bath, Single Family Home, $720,000

To see more photos of this home email natejohnson@1245team.com

Special incentives for buyer - call/text 240-356-1245 or email NateJohnson@1245team.com to check on buyer incentives and schedule your private showing before it goes lives!

SPECIAL - Want to have the inside scoop to all coming soon properties before anyone else?  We have the list free for you.  Click here for Coming Soon Properties

4102 Celtic Way, Frederick, MD 21704


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Need to sell your home? Contact us for special seller incentives and buy this home with us and we will sell yours for free!  Contact Natejohnson@1245team.com for more details.




4102 Celtic Way, Frederick, MD 21704

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked top real estate team.

Powell's Landing 16641 Danridge Manor Dr. #103, Woodbridge, VA 22191 New Price! By-12:45Team

16641 Danridge Manor Dr. #103, Woodbridge, VA 22191  Exclusively Listed by VA, MD & DC Top Real Estate Agent Nate Johnson - 12:45 Team 571-494-1245

New Price-  ! This home just adjusted its price and will not last long. Powell's Landing, 3bed/3.5bath, Townhome, $418,000


Special incentives for buyer - call/text 571-494-1245 or email NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!


To see more photos of the property here.  

16641 Danridge Manor Dr. #103, Woodbridge, VA 22191

Town home with beautiful interior, 3 bedroom/3.5 bathroom, 2 car garage, spacious living areas full of natural light! Great master bedroom - tiled bathroom with luxurious standing shower, soaking tub, and dual vanities. Kitchen holds a large island/breakfast bar, lots of cabinet/counter space, range, double wall ovens, and matching appliances! Deck upstairs and walkout patio from finished basement. Close to Rt-1 & I-95!

Buy this home with us and we will sell yours for free!  Contact Natejohnson@1245team.com for more details.










16641 Danridge Manor Dr. #103, Woodbridge, VA 22191

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked real estate agent.  


Pelham's Crossing 10101 Betsy Street, Fredericksburg, VA 22408 New Price! By-12:45Team

Pelham's Crossing- 10101 Betsy Street, Fredericksburg, VA 22408  Exclusively Listed by VA, MD & DC Top Real Estate Agent Shawn Derrick - 12:45 Team 540-585-1245 

New Price-  ! This home just adjusted its price and will not last long.  Pelham's Crossing, 4bed/3.5bath, Single Family Home, $339,900

Special incentives for buyer - call/text 540-585-1245 or email Shawn@1245team.com or NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!



To see more photos of the property here.  

10101 Betsy Street, Fredericksburg, VA 22408

Gorgeous 4Bedroom/3.5Bathroom home, great for entertaining! Open floor plan on first floor w/spacious living area, dining room, large kitchen, and dining room. Master with vaulted ceiling, standing shower and soaking tub! Large rooms! Hardwood on main level and upstairs hallways. Fresh paint, fully finished basement with wet bar and full bathroom. Walk-up basement to driveway! Washer/Dryer DO convey. Near Rte-17!


See the true value of your home Click Here
Need to sell your home? Contact us for special seller incentives and buy this home with us and we will sell yours for free!  Contact Shawn@1245team.com for more details.












10101 Betsy Street, Fredericksburg, VA 22408

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked real estate agent.  

4550 Strutfield Lane, #2228, Alexandria, VA 22311 Coming Soon! By-12:45Team

4550 Strutfield Lane, #2228, Alexandria, VA 22311 Exclusively Listed by VA, MD & DC Top Real Estate Agent Nate Johnson - 12:45 Team 571-494-1245

Coming Soon! - You are the first to see this home. 1bed/1bath, Condo, $295,000

To see more photos of this home email natejohnson@1245team.com

Special incentives for buyer - call/text 571-494-1245 or email NateJohnson@1245team.com to check on buyer incentives and schedule your private showing before it goes lives!

SPECIAL - Want to have the inside scoop to all coming soon properties before anyone else?  We have the list free for you.  Click here for Coming Soon Properties

4550 Strutfield Lane, #2228, Alexandria, VA 22311



See the true value of your home Click Here
Need to sell your home? Contact us for special seller incentives and buy this home with us and we will sell yours for free!  Contact Natejohnson@1245team.com for more details.



4550 Strutfield Lane, #2228, Alexandria, VA 22311

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked top real estate team.

Arora Hills 11848 Little Seneca Parkway, #1241, Clarksburg, MD 20871 Coming Soon! By-12:45Team

11848 Little Seneca Parkway, #1241, Clarksburg, MD 20871 Exclusively Listed by VA, MD & DC Top Real Estate Agent Nate Johnson - 12:45 Team 240-356-1245

Coming Soon! - You are the first to see this home. Arora Hills, 2bed/1bath, Condo, $300,000

To see more photos of this home email natejohnson@1245team.com

Special incentives for buyer - call/text 240-356-1245 or email NateJohnson@1245team.com to check on buyer incentives and schedule your private showing before it goes lives!

SPECIAL - Want to have the inside scoop to all coming soon properties before anyone else?  We have the list free for you.  Click here for Coming Soon Properties

11848 Little Seneca Parkway, #1241, Clarksburg, MD 20871



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Need to sell your home? Contact us for special seller incentives and buy this home with us and we will sell yours for free!  Contact Natejohnson@1245team.com for more details.




11848 Little Seneca Parkway, #1241, Clarksburg, MD 20871

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked top real estate team.

Bryson 12901 Centre Park Circle #316, Herndon, VA 20171 Coming Soon! By-12:45Team

12901 Centre Park Circle #316, Herndon, VA 20171 Exclusively Listed by VA, MD & DC Top Real Estate Agent Nate Johnson - 12:45 Team 571-494-1245

Coming Soon! - You are the first to see this home. Bryson, 4bed/3.5bath, Condo, $299,500

To see more photos of this home email natejohnson@1245team.com

Special incentives for buyer - call/text 571-494-1245 or email NateJohnson@1245team.com to check on buyer incentives and schedule your private showing before it goes lives!

SPECIAL - Want to have the inside scoop to all coming soon properties before anyone else?  We have the list free for you.  Click here for Coming Soon Properties

12901 Centre Park Circle #316, Herndon, VA 20171



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12901 Centre Park Circle #316, Herndon, VA 20171

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked top real estate team.

Salem Fields 6905 Elon Drive, Fredericksburg, VA 22407 Just Listed! By-12:45Team

6905 Elon Drive, Fredericksburg, VA 22407 Exclusively Listed by VA, MD & DC Top Real Estate Agent Shawn Derrick - 12:45 Team 540-585-1245

Just Listed!  You have to see this home in person.  Salem Fields, 4bed/ 4 bath, Single Family Home, $374,900MLS #SP10010237


Special incentives for buyer - call/text 540-585-1245 or email Shawn@1245team.com or NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!


To see more photos of the property click here

905 Elon Drive, Fredericksburg, VA 22407

Beautiful, spacious home in a cul-de-sac in Salem Fields! This 4bedroom/4 bathroom home has an open floor plan with great fenced yard and landscaped front yard with shade! Grand entrance, double staircase, first floor office/5th bed with access to full bath on main level! Kitchen has tile floors and lots of cabinet space! Good sized bedrooms with plenty of storage. Fully fininished basement with full bath and space for entertaining!




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Need to sell your home? Contact us for special seller incentives and buy this home with us and we will sell yours for free!  Contact Shawn@1245team.com for more details.









905 Elon Drive, Fredericksburg, VA 22407

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked top real estate team.

Hampton Oaks 49 Brittany Lane, Stafford, VA 22554 Just Listed! By-12:45Team

49 Brittany Lane, Stafford, VA 22554 - Exclusively Listed by VA, MD & DC Top Real Estate Agent Shawn Derrick - 12:45 Team 540-585-1245

Just Listed!  You have to see this home in person.  Hampton Oaks, 3bed/ 3.5bath, Single Family Home, $389,000MLS #ST10010040


Special incentives for buyer - call/text 540-585-1245 or email Shawn@1245team.com or NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!

To see more photos of the property click here.  

49 Brittany Lane, Stafford, VA 22554

Beautiful home nestled on secluded lot that backs to trees! 3 bedroom (4th ntc in basement)/3.5 bathroom with spacious living areas! Updated gourmet tiled kitchen with granite counters, double oven, gas cooktop and pantry! Large Master bed with walk in closet and dual vanities in bath. Finished basement with living area, bath, 4th ntc bedroom and storage area. Garage with storage! Walk-able neighborhood w/ I-95,Rte 1,shopping & restaurants!



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Need to sell your home? Contact us for special seller incentives and buy this home with us and we will sell yours for free!  Contact Shawn@1245team.com for more details.







Seller Says!

Our neighborhood is wonderful! We enjoy getting out to walk around the neighborhood.
There are always people out and the neighbors are friendly. We love the location in
relation to the commuter lot, our church, the schools and childcare. The location of the
neighborhood is also convenient to Mission BBQ, Chilis, and Panera.

There were many things we loved about this home. We love the location, the privacy of
the backyard with views of trees, and the size of the master bedroom. It had a partially
finished basement which we have enjoyed making our own. There is also great lighting

throughout the home and double ovens. It truly is a great home!

49 Brittany Lane, Stafford, VA 22554

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked top real estate team.

Green Branch 4806 Holly Dr. Partlow, VA 22534 Just Listed! By-12:45Team

4806 Holly Dr. Partlow, VA 22534 Exclusively Listed by VA, MD & DC Top Real Estate Agent Shawn Derrick - 12:45 Team 540-585-1245 

Just Listed!  You have to see this home in person.  Green Branch, 4bed/ 2.5bath, Single Family Home, $300,000MLS #SP9771257


Special incentives for buyer - call/text 540-585-1245 or email Shawn@1245team.com or NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!

   

To see more photos of the property click here

4806 Holly Dr. Partlow, VA 22534

4 bedroom/2.5 bathroom log cabin in Green Branch! Large front porch and lots of land provide privacy. Spacious home with hardwood floors and reclaimed wood design. Loft overlooks open entryway. Fireplace in family room. Master bedroom with walk-in closet and attached updated master bath with dual vanity. Log walls and warm paint give cozy atmosphere. Crawl space has AC. Easy access to I-95, Rt1.





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Need to sell your home? contact us for Special Seller Incentives and Buy this home with us and we will sell yours for free!  Contact Shawn@1245team.com for more details.








Seller Says!
We love coming home to the quietness of nature. It is so nice not to hear cars and the busyness when we are ready to relax at home.  At our home, we love to have big bonfires and cookouts. We even set up our tent and camp out. Also, we love that we can target practice in our back yard whenever we want. We know most of our neighbors and everyone is willing to help out if someone needs something. We fell in love with the peacefulness of country living right away and have enjoyed it ever since!  Our home is unique. There is not one like it anywhere. There is plenty of room for our big family to spread out but also cozy and warm at the same time.
Nearby, there is a great little Italian place about 15 minutes away called Angela’s Italian Restaurant. Also we love to order hamburgers from the little convenience store down the road. They are delicious! For a delicious treat there is a cute little ice cream truck set up with picnic tables next door to the convenience store.  


4806 Holly Dr. Partlow, VA 22534



12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked top real estate team.

Deer Run 7012 Whitetail Ct, Fredericksburg, VA 22407 New Price! By-12:45Team

7012 Whitetail Ct, Fredericksburg, VA 22407 Exclusively Listed by VA, MD & DC Top Real Estate Agent Shawn Derrick - 12:45 Team 540-585-1245 

New Price-  ! This home just adjusted its price and will not last long. Deer Run, 4bed/ 3.5bath, Single Family Home, $409,900MLS #SP9929751


Special incentives for buyer - call/text 540-585-1245 or email Shawn@1245team.com or NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!


To see more photos of the property click here.   

7012 Whitetail Ct, Fredericksburg, VA 22407

Spacious 4 bedroom/3.5 bathroom home filled with light! The open floor plan holds a grand entrance, breakfast bar/kitchen island, formal dining/sitting rooms. Main level deck has great view of property with stairs to yard! Home features large bedrooms, master suite with sitting room, and 3-car garage. Walkout finished basement: full bath, living space, media room, wet bar. VA-3 & I-95 closeby!



See the true value of your home Click Here
Need to sell your home? Contact us for special seller incentives and buy this home with us and we will sell yours for free!  Contact Shawn@1245team.com for more details.





   
Seller Says!

I love the location of Fredericksburg. Its in the middle of Washington, DC and Richmond, VA which provides close access to the “city life” if desired. However, by working in the busy city all day, coming home is a retreat for me away from the hustle and bustle. Some of my favorite things to do in the area include: sightseeing, spending time with family and friends and venturing out in downtown Fredericksburg. We also love going to some of the restaurants which include Old Town Steak and Seafood and Kybecca.

I enjoy my neighborhood because its secluded and peaceful. There is a small amount of houses which makes it tightknit and the neighbors are definitely friendly. It gives you a feeling of exclusiveness as well because its off the beat and path.  


I bought this home because of the land and the master suite. I knew this was the one after comparing it to other homes in the area. Our basement includes a media room and large recreation area. In addition, the size of the sitting area in the master suite gives so many options for use.

7012 Whitetail Ct, Fredericksburg, VA 22407



12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked top real estate team.

Lees Parke 9401 Birch Cliff Drive, Fredericksburg, VA 22407 Open House! By-12:45Team

Lees Parke - 9401 Birch Cliff Drive, Fredericksburg, VA 22407  Exclusively Listed by VA, MD & DC Top Real Estate Agent Nate Johnson - 12:45 Team 540-585-1245

Open House -  Just Stop By! 7/22, Saturday, 3-5, Lees Parke, 4bed/2.5bath, Single Family Home, $329,900

Stop by this open house to receive a free gift valued at over $500!

Special incentives for buyer - call/text 540-585-1245 or email Shawn@1245team.com or NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!


To see more photos of the property here.   

9401 Birch Cliff Drive, Fredericksburg, VA 22407 

Amazing 4 bedroom/2.5 bathroom in great condition! This home has an upgraded kitchen with granite counter tops, stainless steel appliances and the first floor has gorgeous hardwood floors and new carpet. Bright, sunlit breakfast nook walks out to maintenance free deck! Large master suite. And Minutes from route 1/17, 208, & I-95 & Cosner's Corner!


Buy this home with us and we will sell yours for free!  Contact Shawn@1245team.com for more details.








9401 Birch Cliff Drive, Fredericksburg, VA 22407 

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked real estate agent.  



Powell's Landing 16641 Danridge Manor Dr. #103, Woodbridge, VA 22191 Open House! By-12:45Team

16641 Danridge Manor Dr. #103, Woodbridge, VA 22191  Exclusively Listed by VA, MD & DC Top Real Estate Agent Nate Johnson - 12:45 Team 571-494-1245

Open House -  Just Stop By! 7/22, Saturday, 2-4, Powell's Landing, 3bed/3.5bath, Townhome, $418,000

Stop by this open house to receive a free gift valued at over $500!

Special incentives for buyer - call/text 571-494-1245 or email NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!


To see more photos of the property here.  

16641 Danridge Manor Dr. #103, Woodbridge, VA 22191

Town home with beautiful interior, 3 bedroom/3.5 bathroom, 2 car garage, spacious living areas full of natural light! Great master bedroom - tiled bathroom with luxurious standing shower, soaking tub, and dual vanities. Kitchen holds a large island/breakfast bar, lots of cabinet/counter space, range, double wall ovens, and matching appliances! Deck upstairs and walkout patio from finished basement. Close to Rt-1 & I-95!

Buy this home with us and we will sell yours for free!  Contact Natejohnson@1245team.com for more details.










16641 Danridge Manor Dr. #103, Woodbridge, VA 22191

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked real estate agent.  



Marusmco Hills 13817 Botts Ave. Woodbridge, VA 22191 Open House! By-12:45Team

13817 Botts Ave. Woodbridge, VA 22191 - Exclusively Listed by VA, MD & DC Top Real Estate Agent Shawn Derrick - 12:45 Team 571-494-1245 

Open House -  Just Stop By! 7/22, Saturday, 11-1, Marumsco Hills, 3bed/ 2.5bath, Single Family Home, $295,000

Stop by this open house to receive a free gift valued at over $500!

Special incentives for buyer - call/text 571-494-1245 or email Shawn@1245team.com or NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!

To see more photos of the property click here.   

13817 Botts Ave. Woodbridge, VA 22191

Don't miss out on this steal! 5 Bedroom/2.5 Bathroom rambler! Newer roof, windows, carpet, HVAC and Appliances. Basement partially finished with laundry room, living area, & 4th/5th bedrooms, NTC. Home maintained immaculately. Huge back yard with patio & storage shed. Won't last long in this location, with this kind of condition!! Minutes away from Rte 1, I-95 & Potomac Mills!



Buy this home with us and we will sell yours for free!  Contact Shawn@1245team.com for more details.








13817 Botts Ave. Woodbridge, VA 22191



12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked top real estate team.

Pelham's Crossing 10101 Betsy Street, Fredericksburg, VA 22408 Open Houses! By-12:45Team

Pelham's Crossing- 10101 Betsy Street, Fredericksburg, VA 22408  Exclusively Listed by VA, MD & DC Top Real Estate Agent Shawn Derrick - 12:45 Team 540-585-1245 

Open House -  Just Stop By! 7/20, Thursday, 5:30-7:30 AND 7/22 Saturday 3-5, Pelham's Crossing, 4bed/3.5bath, Single Family Home, $339,900

Stop by this open house to receive a free gift valued at over $500!

Special incentives for buyer - call/text 540-585-1245 or email Shawn@1245team.com or NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!



To see more photos of the property here.  

10101 Betsy Street, Fredericksburg, VA 22408

Gorgeous 4Bedroom/3.5Bathroom home, great for entertaining! Open floor plan on first floor with spacious living area, dining room, large kitchen, and dining room. Master with vaulted ceiling, standing shower and soaking tub! Large rooms! Hardwood on main level and upstairs hallways. Fresh paint, fully finished basement with wet bar and full bathroom. Walk-up basement to driveway! Washer/Dryer DO convey. Near Rte-17!


Buy this home with us and we will sell yours for free!  Contact Shawn@1245team.com for more details.










10101 Betsy Street, Fredericksburg, VA 22408

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked real estate agent.  

The Do's And Don'ts Of Tapping Your Rising Home Equity

If you bought a home recently, it may already have increased in value. Equity growth goes hand-in-hand with pride of ownership (and fun stuff like tax breaks) when it comes to homebuyer goals, so say a big, "Yay!"

"Nearly 91,000 homeowners regained equity in the first quarter of 2017, according to real estate data firm CoreLogic's latest housing report, said Realtor.com. "Since the end of the most recent housing crisis, 9 million owners in total have regained equity, the report notes. About 63 percent of all homeowners have seen their equity increase since the first quarter of 2016, with the average owner gaining about $13,400 between then and the first quarter of 2017." According to Frank Martell, president and CEO of CoreLogic, that's the "largest increase since mid-2014."

But, before you go making plans for all that equity, either by doing a cash-out refinance (if possible and prudent) or getting a home equity loan, take a pause. That money may be best left right where it is. If you still want to tap that equity, here are some of best - and worst - ways to use it.

Home renovations

When your home has equity, it can be tempting to use it for home renovations, which, presumably, will further raise your home value - or at least make your home prettier or more functional. Knowing which renovations pay you back is key to making smart choices. Review Remodeling magazine's Cost vs. Value Report, which "compares average cost for 29 popular remodeling projects with the value those projects retain at resale in 99 U.S. markets." You can then take your research further, viewing data for your regional area. This will help you decide if that $50,000 kitchen is a good investment, or if that attic renovation you were considering will be a bust from an ROI standpoint.

A new car
That fancy new car is calling your name, right? Does it make sense to use some of your home equity to finance or buy it outright? Ask yourself this: Is this a car you can't afford without using your home equity? Can you afford to pay the difference in your current monthly payment and what will be your new payment - plus the monthly cost of the car?

"During the housing bubble, consumers used home equity borrowing to pay for everything from boats and gambling junkets (clearly bad) to cars and kitchen renovations (not so bad), said Interest.com. "The problems these homeowners experienced during the financial crisis and recession taught us that even some ‘not so bad' spending should be scratched from our list of acceptable uses. So, while we used to say that financing a car with a HELOC was OK, we no longer believe that. Besides, auto loans are now one of the few types of consumer loans that are cheaper than home equity loans or lines of credit."

Additions

Adding on to a home can be a great way to make it more livable, especially if the space is inadequate for your family. The Cost vs. Value Report can be useful here, too. You might be surprised to learn that a midrange bathroom addition typically only pays back an average of 53.9%. But, if you bought an older home that only has one bathroom, adding another could have a much higher ROI that makes the addition worth it.

When it comes to larger undertakings, "Studies show that nearly all of the cost of a mid-range two-story addition may be recovered at the time of sale," said The Spruce. "The key here is ‘may be recovered,' as there is no predicting the real estate market years in advance. While this might seem like a ‘no-brainer,' it needs to be mentioned. More space means higher heating and cooling costs, more windows to wash and gutters to clean, increased property taxes, and more house to clean. Even though additions offer the potential for higher cost-value ratios than other renovation projects, you still may not recover the full cost of the addition when you actually sell."

Vacation

That European cruise or trip to Machu Picchu sounds like a great idea, especially because you've got some cash to pay for it with the rising equity in your home. But consider this: You may be paying back the money you spend on that vacation long after you return home.

"The first mistake is using your home equity line of credit to live above your means," said Fidelity. "That can be paying for a vacation, using it to support going out to eat, buying luxury goods, or more generally, spending what you don't have. This risk is very similar to the risk of running up too much credit card debt, except that making this mistake with your home equity line of credit affects more than just your credit rating: It puts your home at risk."

More real estate

Leveraging one property for another is a tricky proposition. Whether you're thinking about flipping a house for the first time or already have some experience under your belt, you'll want to weigh the pros and cons - and costs - involved in buying and owning two properties.

"Unlocking some of your home's value to pay for a second home has its advantages - but it has some big drawbacks too," Greg McBride, a senior financial analyst for Bankrate.com, told CNN Money. "Lenders tend to give more favorable terms to those who tap their home's equity to pay for a second home because they have more skin in the game. Buyers who take out a separate mortgage on a second home are more likely to stop making payments if they run into financial trouble and default. To offset the increased risk, banks charge higher rates and require larger down payments of these borrowers. The costs of borrowing, especially on home equity loans, can be lower as well, since these loans don't involve paying for title searches or insurance and other transactional costs of new mortgages."

Now for the negatives: "By tapping your home's equity you'll be increasing your monthly mortgage payments and increasing the risk of losing your primary home to foreclosure. Also, by buying another home you're tying up a lot of your money into one type of asset. You're putting a lot of eggs in the real estate basket."

College

With the cost of college continuing to rise and mortgage rates reaming near historic lows, homeowners are increasingly looking to their home equity to offset some of the costs of education. Here's why it may be a good idea: "With a home equity loan or a home equity line of credit, the two biggest positives are that home equity loans may be cheaper than other loans, plus the interest paid on a home equity loan is tax deductible," said HSH.com. The most important downside: You're using your home as collateral. And then there's this: "These loans don't typically offer flexibility during periods of financial hardship," they said. "But those who borrow with federal student loans can readily obtain loan deferments, forbearance, and sometimes even loan forgiveness."


Written by Jaymi Naciri