Where to invest in real estate - at home
My wife and I have been looking to downsize our house for the past year. Our big problem is that we like the house we live in, but a ranch configuration would be better than the salt-box we have. Of course the housing market stinks just now. Selling our current digs would be difficult.
My wife, who keeps up with the housing market and home renovations as entertainment, suggested that we need to upgrade our house to make it more marketable. I wasn’t that thrilled. She said we should do it now so that we can enjoy the upgrades and be ready to sell when the market turns. On top of that, upgrades would help hold the market value of the house.
Now, she has my interest. Throw in the fact that home-equity interest rates are going down and we’re really talking. So, that’s the plan.
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POSTED IN: Being A Boomer, Finance
1 opinion for Where to invest in real estate - at home
Greg Balanko-Dickson
Oct 30, 2007 at 10:01 am
I could not agree more, their nesting instincts are on the money. Last year we put hardwood throughout and ceramic tile, new furniture, new furnace, hot water heater, now she says we got to “finish” the kitchen… feels like it will never end… but with housing prices increasing 30% over last year we will get the money back.
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