Renovate Your Home
Create Good Debt
Penny Doubek Retail Sales Area Manager The Doubek Team W . J . Bradley Mortgage Capital , LLC NMLS # 203281
Chances are you already have enough equity in your home to pay for renovations . But before you increase your debt , consider whether it ’ s good debt or bad debt . While bad debt is used to make a purchase that depreciates , good debt is used to make an investment that rises in value .
In the case of renovations , bad debt would fund improvements that have no value to future buyers . Whereas good debt would add convenience and pleasure today , while increasing your home ’ s value tomorrow . By opting for good debt , the interest you pay on
As the Retail Sales Area Manager for W . J . Bradley Mortgage Capital , LLC , Penny is responsible for implementing the strategies that go behind managing the day-to-day facilitation of both Sales and Operations in the Bay Area . Penny and her husband Scott have raised their three boys in Morgan Hill and understand the wonderful community that we live in . www . wjbradley . com 320 Digital Drive Morgan Hill , CA 95037 your equity loan can be more than covered by the increase in resale value .
Improvements to kitchens , bathrooms and outdoor living space offer the highest return on investment . Here are a couple of things to keep in mind :
• In general , the more recent the improvement , the higher the return on investment .
• The most appealing kitchens have an open plan with island , and an efficient triangle between the refrigerator , stove and sink .
• Adding a deck increases the apparent floor space of your home . Make outdoor and indoor space blend seamlessly by using French doors and indoor-style light fixtures and furnishings .
By renovating strategically , your improvements can pay for themselves , plus create a healthy profit ! For a detailed FREE report on “ 9 Secrets to Make Your Home Reno Pay For Itself – Even If You Have Less Than Perfect Credit ” call us today at : 408-426-5875 .
© 2014 W . J . Bradley Mortgage Capital , LLC . 6465 Greenwood Plaza Blvd , Suite 500 , Centennial , CO 80111 Phone # 303-825-5670 . NMLS ID 3233 . Trade / service marks are the property of W . J . Bradley Mortgage Capital , LLC . This is not a commitment to lend . Restrictions apply . All rights reserved . Some products may not be available in all states . WJB is not acting on behalf of or at the direction of HUD / FHA or the federal government . Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act RML No . 4131002 ; NMLS consumer access : www . nmlsconsumeraccess . org / EntityDetails . aspx / COMPANY / 3233 . This material is for informative purposes only and is not to be taken as credit advice or counsel .
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