How do we increase equity in our home?  What does it even mean and why should we?  Is there any advantage in having more equity?  Let's have a look at the effect it has on how we can get ahead. The houses above are houses we have owned.  Believe it or not, they are two pictures of the exact same home.  This house is a great example of how to increase equity.   When you buy your first home, look for homes that are less than perfect.   The amount of equity in your house is calculated using a very simple equation: VALUE OF YOUR HOME minus AMOUNT OF DEBT AGAINST YOUR HOME Normally when you purchase your first home, you are looking at between 5 and 20% deposit, that means you have between 5 and 20% equity. VALUE OF YOUR HOME ($500,000) minus the AMOUNT OF DEBT AGAINST YOUR HOME ($400,000).  This means if you have 20% equity or $100,000 equity.  It is important to understand that once you get to where you have 20% equity you need t...

  https://airbnb.com/h/northlandpeacefulriverfront Today I became an AirBNB Superhost!  Yay!   As someone who has never before worked in hospitality at all, this is a great achievement.  Check out the link above, if you would like to give me any tips or tricks I am more than happy to take them on to improve our offering in that space. It wasn't easy, took a lot of work and attention to detail. The journey to get to this point was interesting to say the least.  I thought, today I would share it with you.   I never expected this to go as well as it did and continues to.   Maybe others will be inspired to do the same, or at least consider other options for your investment, even for rooms in your home. When we purchased this property, it was an investment but it was also to help out our aging parents as it lent itself to being a lovely little home for elderly people.  However, for a variety of reasons that didn't happen so we rented it ...