Equity Used Wisely
Owning a home as a personal residence or investment property is an important accomplishment, particularly in the San Francisco/East Bay Area market where property values have been rising significantly over the last few years. Like any financial investment, managing your equity requires careful thought and planning to achieve the best results.
The statistical breakdown of how homeowners are accessing and utilizing their equity is insightful as it relates to age groups. Whether your plans are to renovate your property, consolidate debt, or cover the cost of other objectives, I recommend you plan for contingencies in 5-year increments. This way you will be able to manage both the rewards and risk that come with leveraging your equity more effectively.
To explore how best to accurately measure and take advantage your equity, please feel free to contact me directly.