PMI, solar contracts, kitchen upgrades, neighborhood choice: they can either grow your home equity or quietly drain it. We sit down with Lori Thompson, a RE/MAX Properties broker and longtime Colorado Springs realtor, to answer a question we hear nonstop: how do you build equity faster without making expensive mistakes?

We start with the clearest lever most homeowners control today: paying down principal. Lori explains how small, consistent extra payments can move you toward 20% equity faster, which is often the turning point for removing PMI on a conventional mortgage. We also talk through FHA MIP and why refinancing into a conventional loan may be the only real path to dropping mortgage insurance once you’ve built enough equity. If you want a strategy that works whether the market is hot or uncertain, this part is for you.

Then we get blunt about what not to do, especially if you’re on a military PCS timeline of 3 to 5 years. Lori shares why certain solar panel contracts can act like a lien, create a gap between cost and appraised value, and make selling harder in a hail-prone state. From there, we shift into upgrades with real ROI like fresh paint, durable LVP flooring, and targeted kitchen and primary suite refreshes, plus how to avoid over-improving for your neighborhood by checking local comps and getting honest guidance.

If you’re trying to grow home equity in Colorado Springs through smarter mortgage choices, better renovations, and stronger neighborhood fundamentals like safety, schools, and walkability, you’ll leave with a clear plan. Subscribe for more real-world real estate advice, share this with a homeowner friend, and leave a review with your biggest equity question.

To learn more about RE/MAX Properties Inc. visit:
https://www.LoriThompson.REMAX.com
RE/MAX Properties Inc.
Colorado Springs
719-332-1807