These are trying times for many families. Layoffs, slow down in business and even just the stress of COVID-19 being in the headlines every minute of the day. Many people are spending much more time at home and they may be finding out that they need some upgrades to make the home more comfortable or efficient for the work from home crowd. With funds tight, you may be living in your best source of financing for those upgrades. Money.com has put together a great guide for The Best Home Equity Loans for 2020. Pulling money out of your existing home maybe one way to improve the property.
If you find yourself with some time on your hands and a desire to make some upgrades consider their tips for which financing methods to consider when planning that remodel or just pulling some equity out of your home.
I would love to hear your thoughts after reading through the article. As always, I am here to help in any way I can. Remember, it is a good to consult your REALTOR® before investing in upgrades. They can give you valuable information about how that upgrade may add value to your home and may even has some ideas that you haven’t thought about.
Thanks and Stay Safe!