Cantor’s Corner: Use Equity to Add Value to Your Home
Presented by Murray Lampert Design, Build, Remodel
by Gregg Cantor
Resident Expert, The Home Pro Show
President, Murray Lampert Design, Build, Remodel
Good news, homeowners: Interest have dropped and property values are increasing. This financial climate creates a long-awaited opportunity to refinance your mortgage and take cash out.
In San Diego County, the return on investment is one of the highest in the nation when it comes to home improvements. With interest rates at historic lows, there is no better time than now to use your equity to add value to your home by undertaking home maintenance or remodeling.
With a cash out refinance option, you can reinvest in your home by remodeling your kitchen or bath, adding space, building a pool, completing cosmetic improvements like painting and floor covering or replacing your roof before the El Nino storms hit San Diego. Not only will you be reinvesting in your home, you’ll be increasing your quality of life and pride of ownership.
Interest rates are at an all-time low and with property appreciating, there is no better time to improve your home. Home improvement is on the rise, so I suggest getting started now before prices go up and lead times increase. Whatever project you decide to take on, our network of Approved Home Pros is here to help ensure the job is done right.