Consumers have been reluctant to start home renovations recently due to economic uncertainty, but rising home values has 59 percent of Boston homeowners saying they think their home has increased in value, according to a new survey of 1,350 Boston homeowners by TD Bank.

TD Bank’s Home Equity Sentiment Index found that only 37 percent of homeowners were confident they understood HELOCs and 58 percent did not understand the impact to the expiration of their HELOC draw period would have on their monthly payment.

Michael Dolega, TD Bank’s senior economist said, “Despite Boston’s housing recovery being far ahead of the nation, it is set to continue, supported by the city’s knowledge-based industries, which are delivering strong economic growth of about 3 percent.”

TD Economics released the 2016 Housing and Renovation Outlook report, available here.