Smart real estate moves

[Smart real estate moves]

Smart real estate moves
Good ways to tap home equity; or raise the value of your home. Five smart real estate moves in all.

NEW YORK (MONEY Magazine) - It seems like these days everyone has an opinion about what to do with your house. Here are some smart moves from MONEY Magazine that can help you make the most of your real estate, whether you're buying, selling or staying put.

Open a home-equity line of credit -- for the right reasons
Do: Open a home-equity line of credit and use it for the right reasons: to tap as a rainy-day fund, to finance college for your kids or yourself, or to pay down credit-card debt. Don't: Raid your home's equity to fund vacations, plasma TVs and that Beemer you can't afford.

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