Aside from having a comfortable shelter for the family, building home equity is one of several reasons why many people buy a home. Over the years, homeowners who dutifully repay their monthly mortgage in a timely manner should know that they can reap the rewards on their investment especially during this time that the country’s housing industry continues to get better.
Families may consider relocating to another home because they either want to downsize or upgrade to accommodate the growing needs of a family. Some families planning to relocate may find it beneficial to use a bridge loan, especially for those who want to avoid the stress related to finding and moving to a new home.
Home renovation projects make homeowners happy and feel a sense of accomplishment, according to a recent survey of the National Association of Realtors (NAR). The survey used a scoring system called “Joy Score” with 10 being the highest to determine what renovation project makes a homeowner happy in general.