Decorate For Comfort and Equity Increase Without Overspending
We are now seeing rebound in home sales prices. So that has incentivized many American homeowners to go ahead and invest back into their homes. We are going today to look at inexpensive sources and methods for fixing up your home so that it is nicer for you and you are also adding curb appeal and value for a re-sell down the road. If your sweat equity goes up, you could also eventually borrow it out and invest it into a second home or whatever. Many years ago when I started seeing TV commercials prompting people to take out home equity loans for vacations and boats and such, I knew there was going to be trouble. Never pull equity out of your home for such things. Never. Never take money from an appreciating asset to buy a depreciating asset. Don’t spend gun money on butter, as Robert G Allen (“How To Buy Real Estate With Nothing Down”) would say. Wealthy people buy antique furniture because it is a collectible and hold its value and appreciates. So does the art on the ...