Bay Area Home Equity Lending Surges, Funding Home Improvement Projects – San Jose Mercury News

Charlton County Herald > Ara > Real Estate > Home improvements that make your home more valuable

Seelenbinder said the increase in home equity loans in the first quarter of this year over the first quarter of last year largely came from Silicon Valley homeowners. Kelly Kockos, Wells Fargo senior vice president for home equity, said rising home prices and a low inventory of homes for sale have people staying put and remodeling rather than selling and moving up to a bigger home. “When prices get inflated due to the inventory issue it becomes more expensive to move and you may not get a trade-up house,” she said. In contrast to the go-go days before the housing crash, the borrowing for needed projects is for “something you need, not what you want anymore.

Dean Henninger of Oakland, owner of D.W. Henninger Construction, left, watches Bernie Marvin, of Tracy, as he works on the foundation for a pool house in

These minor details will make a major and lasting statement. At the very least, you should clean the yard of any debris, trim trees and spread mulch in planting beds. Take outdoor renovations to the next level by transforming the look of your home completely with a fresh coat of paint. Be mindful of your homes location when selecting paint colors. Bold or bright colors might be the norm in Florida but wouldnt look right in a region like the Pacific Northwest where neutral earth tones are popular.


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