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re: Money board question - best way to get $50,000 - $75,000 to remodel house?
Posted on 9/12/24 at 8:23 am to DarthRebel
Posted on 9/12/24 at 8:23 am to DarthRebel
Are you pretty comfortable financially? If your risk of defaulting is very low, you could consider borrowing against your investments. Most brokerages allow you to borrow using your investments as collateral. A $50k loan for one with several million in assets doesn't seem risky. This leaves your assets invested and can get you an attractive interest rate.
1
Posted on 9/12/24 at 8:50 am to KennytheTiger
quote:
Most brokerages allow you to borrow using your investments as collateral.
I do have that option, rate is 9.25% right now though. September was rough, but I am close to passing the threshold again that can drop that rate to 8%.
It looks like HELOCs are 8%+, so that might be a better route. Those rates are just rough. Mortgage is 3% and just got a used car at 6%.
Posted on 9/13/24 at 4:19 pm to DarthRebel
OnlyFans
Posted on 9/13/24 at 7:23 pm to DarthRebel
You’re wayyyy off baw, we spent about 50k on a kitchen and we kept the cabinets and just painted them.
I’ll offer a different solution, sell house and take your $600k in equity and put towards an updated home that your wife likes. Hell of a lot less stressful than that $150k+ remodel.
I’ll offer a different solution, sell house and take your $600k in equity and put towards an updated home that your wife likes. Hell of a lot less stressful than that $150k+ remodel.
Posted on 9/13/24 at 8:29 pm to b-rab2
The outdoor work might as well be lighting the money on fire. You won’t get that back on future resale.
The kitchen will pay out the most along with the hardwoods. Start with that.
The kitchen will pay out the most along with the hardwoods. Start with that.
Posted on 9/14/24 at 6:37 am to DarthRebel
Just wrapping up a whole home remodel, I did all the work myself besides Sheetrock. I’m in about 50k now, but I bought all my appliances/sinks/toilets/ect from Facebook market place, got a killer deal on my cabinets. I hope y’all are okay with living in a remodel, it is not fun by any means (can’t stress this enough). Pick up the tools & get on YouTube, you can figure it out.
Posted on 9/14/24 at 9:41 am to DarthRebel
Sell crack. Well if that’s still a thing.
Posted on 9/14/24 at 9:51 am to DarthRebel
quote:
Outside - Re-sod entire yard, front and back - Gut all flowerbeds and change look - Expand flower beds in backyard - Plant two mature trees - repair/replace/expand irrigation
You can do this yourself for like 1000 bucks
quote:
Inside - Replace all carpet, tile and hardwoods with new hardwoods. - Paint - Kitchen makeover. Cabinets, appliances, sink, lighting. - Replace living room furniture and kitchen furniture
You can do this yourself for like 4k
America used to be a country
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