I have been a homeowner for 27 years and have never done a single one of these things myself. I don't anticipate that will ever change.A) At some point in my 80’s I expect I won’t be able to do things like weeding ,mowing,gutter cleaning, etc anymore and we will sell then.
These alone don't seem like good enough reasons to sell. You can always price outsourcing the work and counting that in your home expenses.
As to your first question, no. Home equity is part of your net worth. It generally isn't liquid. HELOCs require payments and thus increase your expenses.
Reverse mortgages/HELOCs are an option to increase your income, but reduces your net worth.
Statistics: Posted by madbrain — Sat Apr 13, 2024 3:17 am — Replies 15 — Views 1497