Home Improvement - Why Now Is The Best Time To Invest
Posted by Bradley Chazin on Sat, Feb 27, 2010
When Is The Best Time To Make A Home Improvement Investment?
NOW is the best time to make a Home Improvement investment.
You knew I was going to say that didn't you? Well of course you did, let me explain why I truly believe now is the best time to make that long awaited and probably needed Home Improvement.
Buy Low - Sell High
We've all heard that statement before. The best time to buy a stock is when nobody else is buying. The worse time to buy a stock is when its at its 52 week high.
The Same Rules For Home Improvements
A few years ago in the hey-day of home equity and a booming Home Improvement environment, prices were at their 50 year highs.
Today the cost of labor and material are nearing record lows. This makes NOW a ideal opportunity to get the best value for your Home Improvement dollar.
Is There Financing For My Home Improvement Project?
Yes, yes and again yes.
I hear all these stories about banks not wanting to borrow money for home improvements. Thats not true. Banks will borrow money but they wont if they don't think they'll get paid back.
Back in the late 70's early 80's when I started selling Home Improvements for my fathers construction company banks wanted to make sure they would get paid back.
They wanted to make sure you paid your bills, had a expense to debt ratio under 35% and you had 20% equity in you home. With these 3 things in place you could get a 18% interest rate on your Home Improvement Loan.
Let me say that again. With all the restrictions in place, the interest rates for Home Improvement loans were at 18%.
Home Improvement Financing at Record Lows 5.99%
In contrast to the 80's, Western Construction, Inc. can get you Home Improvement Financing for 5.99%. These interest rates are at record lows and you need to take advantage of them now. Rates will be going up.
Let Me Ask You A Question?
Is Now A Great Time To Invest In Home Improvements?
Please let me know your thoughts in the comment section at the bottom of this artical.