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

Your home can be a dream come true and still become the thing that drains your weekends, your budget, and your energy. We’re digging into one of the biggest turning points in homeownership: knowing when it’s time to downsize, and how to do it without regret. I’m joined by Colorado Springs REALTOR and RE/MAX top producer Lori Thompson, who’s helped military families and local homeowners buy and sell for decades and who brings a calm, practical lens to a very personal decision.

We talk about the real signs your house no longer fits, like heating and cooling space you barely use, guest rooms turning into storage, and the slow realization that stairs and yard work aren’t getting easier. Lori walks through the first steps she recommends, starting with defining what you want next: staying in the same area, moving to a one-level ranch, choosing a townhome or condo, or finding a maintenance-free community where an HOA handles exterior work so you can actually relax at the end of the day.

We also get honest about the emotional side, including the pull to be closer to family and the way grandchildren can turn downsizing into a relocation plan. On the financial side, we break down equity, utility savings, and why a smaller home isn’t always cheaper when you factor in taxes, metro district fees, and ongoing cost of ownership. If you’re thinking about downsizing in Colorado Springs, this gives you a clear framework to decide what matters most and how to plan ahead.

If this helped you, subscribe, share it with a friend who’s been hinting about “simplifying,” and leave a review so more homeowners can find it. What’s the one thing that would make a smaller home feel like a win for you?

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