4 Things to Use Credit For
I saw this list in a book the other day. It listed four things that appreciate in value. Can you guess what they are?
1. House
2. Education
3. Home Improvements
4. Rental Property
Overall, a house is a great investment, if you own it for a good period of time.
I can agree somewhat with investing in an education, but you do not have to get into debt up to you ears. As I mention before, it is possible to be debt free at college.
Home improvements are great, especially if you buy a handyman special. Some of the top returns on home improvements are:
Siding Replacement (Vinyl)
Window Replacement (Wood)
Minor Kitchen Remodel
Bathroom Remodel
Window Replacement (Vinyl)
Two-Story Addition
Major Kitchen Remodel
Notice the pool and hot tub are not on there.
Rental property, is almost like owning a home. They can be real winners or a mill stone. If you enjoy the dealing with renters, go for it. If you can get the mortgage paid off, they can be some real consistent income.
Labels: college, credit, home improvements, housing market
Posted By: Joe on Saturday, April 19, 2008
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