By Zach Scheidt
This post How My 4-Year-Old Found Wealth in My Basement appeared first on Daily Reckoning.
Every day, more and more regular Americans are finding vast sums of wealth buried beneath their homes. In some cases, the wealth shows up in attics or even overlooked bathroom spaces.
Last year, I started the process for myself… in the cold, unfinished basement below my house. As you can see, I even got my youngest son to help me.
So what is this phenomenon sweeping across America?
It’s a giant wave of remodeling projects… And these projects give homeowners some of the best investment returns possible.
Today, I want to tune you in to a market growing at the fastest rate in more than 10 years. One that will drive $340 billion in spending this year.
And don’t worry… You don’t have to get your hands dirty to participate in this trend. Unless of course you want to!
The Home Value Equation: More Space = More Wealth!
It’s no secret that the housing market has been growing steadily for several years now. We’ve been talking about it often here at The Daily Edge. Hopefully you’ve got some nice profits built up in homebuilding stocks that have been marching steadily higher.
The housing market continues to be strong, but as we’re likely to see when figures are released later this morning, the total number of monthly home sales is starting to pull back.
Is this a warning sign?
Hardly!
The reason home sales aren’t expanding is simply because there aren’t enough homes to meet demand. Even though builders have backlogs of orders, they simply can’t build homes fast enough to keep up with all of the buyers.
That’s great news for you if you own a home. Because with so much demand — and limited supply — home prices are moving steadily higher!
As a homeowner, I want to make the most of this trend and grow my wealth as effectively as possible. Plus, as a father of seven kids, I can use all the space in my home that I can get. Especially my OWN space to research investment opportunities.
Which is why last year, I decided to personally remodel a room in my basement for a home office.
This summer, I plan to remodel the rest of our basement. And this time, I’ll be hiring some professionals to help me (instead of making my youngest son work to earn his keep).
No, I don’t plan to move anytime soon.
But like so many other homeowners, I know that the value of my home will grow much more quickly with a remodeled basement.
You can be sure I won’t be alone this year when it comes to making improvements to my house.
The Fastest Growth in a Decade
I follow a lot of statistics and indicators to help me find the best investment opportunities for you.
Last week, I came across a chart showing how the LIRA is now growing at the fastest pace since 2007.1
What is the LIRA you ask?
It’s short for the Leading Indicator of Remodeling Activity. In other words, …read more
Source:: Daily Reckoning feed
The post How My 4-Year-Old Found Wealth in My Basement appeared first on Junior Mining Analyst.