With home prices down and North America stuck in the midst of a major recession, these are probably not the best of times to go on a major spending spree or start flipping real estate. That said, though, for those of us who are fortunate enough to have purchased a home over ten years ago, we may be surprised just how much equity we have even after the housing market collapse. This hidden equity is real value because the collapse of the housing bubble has sent home prices down to sustainable values that if anything, will grow over time.
With this situation, those of us sitting on equity should not feel nervous about doing some sprucing up to our home. After all, if we’ve been in the same place for some time, it is more than likely our home could handle some upgrades, or simply making some changes to help liven up old spaces.
Consider a simple bathroom vanity on finestfixtures. Lines such as Agria and Porcher are affordable designer pieces that can spruce up a powder room or any bathroom, giving a new shine to your home. For those with slightly bigger budgets, why not consider Decotec vanities from France? Why not take advantage of the equity accumulated in your home, and make small simple improvements to your bathroom – certainly a better option than selling and starting fresh in today’s uncertain housing market!