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Updated over 2 years ago,
Cash Out Refinance or saved cash
Hey Y'all,
I have owned my home in Jax, FL for a little over a year . There are some renovations I would like to do before I think abt renting it out or selling it.
Such as:
Quarts countertops and backsplash in the kitchen
removing the carpet in the bedrooms and installing LVP and upgrading the closets in each room
installing a new AC unit (mine is ~20 years old but still kicking)
recessed light fixtures, etc.
I do have abt 40k saved to do such renovations but maybe I should look into Cash-Out Refinance only so i can use that additional money saved for another home...
I bought the home at 230k and the value now is abt 280k.
I just came to see what the popular opinion is.
Thanks