Q: It’s my turn to host my family for the holidays. How can I entertain the crowd without spending a fortune?
A: Hosting a holiday meal is one of the stressful parts of any holiday. Sure, it’s great to help everyone get together under one roof as part of a fantastic tradition. Fortunately, it’s possible to be a great host and a great saver at the same time.
As you pay down your first mortgage or the value of your home increases, you develop equity. When you have equity built up in your home, borrowing against it with a home equity loan is a great way to tap into the money when you need it most.
After being home a lot more lately, have you realized that your kitchen is in desperate need of a facelift? Bathrooms haven’t been remodeled since Bush was in the White House? (And we’re not saying which one!)
Many homeowners are thinking of making minor and major household improvements and for most, the cost will be prohibitive. The average kitchen remodel tops $60,000 and a bathroom overhaul can run $18,000.
No worries, though! With some careful planning and smart choices, you can shave thousands off the cost of renovations.