A home equity investment (HEI) is another way to tap your equity for a lump sum payout. However, unlike home equity loans, there are no monthly payments. Instead, you repay the investment plus a share of appreciation when you decide to buy back your equity, anytime during a flexible 30-year term. However, it’s important to make sure your remodel doesn’t drain your emergency fund or leave you without a financial cushion. If you have enough savings set aside, funding your renovation with cash can be a smart, stress-free way to invest in your home. According to Consumer Reports, adding smart lighting, door locks, security systems, and a smart thermostat can boost a home’s value by three to five percent.