Home Improvements Are Up
The home improvement industry is booming right now, due in part to those homeowners who are taking advantage of their home’s increased worth by cashing in their home equity. As a very financially conservative guy, I recommend keeping your equity where it is, but I have to say, putting money back into your investment can be a great choice as well. My only words of wisdom are to make sure the improvements and upgrades you’re investing in will give you the kind of return you need. For instance, it’s been proven that major remodels will almost never get you a solid return on investment, whereas smaller updates can decrease the time to sell, and allow the seller to recoup their smaller home improvement investments.