Home Improvements to Sell Your House Before You Retire
Retiring boomers looking to downsize may be in for a shock when they decide to sell their homes. They may find out that the homes they’ve lived in for decades need thousands of dollars in updates and renovations to attract buyers.
Realtor Lisa Bailey-Harper at LBH Group in Northern Virginia says young home buyers with heavy student loan debt have no interest in paying, say, $500,000 for a home and then having to renovate it themselves. They want one that’s move-in ready.
Rodney Brooks
An award-winning journalist, writer and author and my specialty is retirement planning and other personal finance issues. I have written for many national publications, including USA TODAY, The Washington Post, U.S. News & World Report, AARP and National Geographic. I am available to speak on personal finance, financial literacy and the racial wealth gap.
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The author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The Freedman’s Bank offered a safe depository for formerly enslaved people, expanded quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing may of the small depositors their savings.
