| Real Estate values increase in areas of housing | | | | place. You should be getting better you have your |
| shortages and areas where turn over is greater i.e. | | | | trusted contractors in place. Set your improvement |
| the popular areas where families continue to transfer | | | | standards you should be doing pretty much the same |
| into. Where the schools are perceived to be better | | | | thing only now in a larger area.o Match the Best |
| and shopping areas have high end stores. A plan for | | | | Home Amenities - Each new neighborhood has certain |
| trading up will increase your net worth faster than | | | | requirements for the better homes make sure at |
| waiting for appreciation.o 3 Year or 5 Year Plan - A | | | | least match what everyone else has. Things like all |
| plan to move from your present home every 3 to 5 | | | | hardwood floors maybe marble tile bath floors not |
| years to a more expensive home in a perceived | | | | ceramic, granite counter tops, landscaping sprinkler |
| better neighborhood or to a larger home within your | | | | systems, landscape lighting.o Contemporary |
| current neighborhood. Buy the worst home in the | | | | Improvements - Make each improvement the |
| neighborhood and over 3 to 5 years make it one of | | | | newest and best product from features and style to |
| the best.o Home Improvements - A schedule of | | | | functionality. Don't put in the same old bath or |
| improvements to build value in your present home. | | | | kitchen fixtures because you had them in your last |
| Do what you can yourself over time and hire | | | | home and they worked great. Be up to date in |
| contractors to do the rest over 3 to 5 years. There | | | | everything you do that way you'll be ahead of any |
| is a point where after the improvements are made | | | | home in the neighborhood. |
| that the value is fixed and the only increase comes | | | | You can grow your net worth through real estate by |
| from appreciation. That's when it's time to move to | | | | trading up using successive moves to bigger and |
| the next property.o Find the Worst Better Home - | | | | better homes. The real trick is to increase your |
| Find a neighborhood that is perceived better than | | | | equity and not pocketing the cash and keeping your |
| your present one and buy the worst house. Start all | | | | current mortgage level which will allow you to do this |
| over again set your 3 to 5 year improvement plan in | | | | without a big raise or promotion at work. |