If you own your home, a reverse mortgage loan will pay you in monthly advances or through a line of credit. Reverse mortgages convert home equity into cash with no repayment required for as long as borrowers live in their homes. Because of the complex nature of reverse mortgages, you may wish to seek the advice of an attorney, financial advisor or accountant before taking out this type of loan.
Renovating your home can increase its resale value. But don't expect a dollar-for-dollar return. Some upgrades (an extra bathroom, for example) pay off; some (like swimming pools) don't pay off at all. If you want fine marble in the foyer, spend away. But don't count on buyers being willing to pay as much for it as you did.
If you are planning to sell a home and are interviewing listing agents, ask if they have any near-term vacation plans - and then ask about back-up support in their absence. Everyone is entitled to time off, but you want to make sure your home sale doesn't have to take a vacation when your agent does.
A standard homeowners policy protects against fire, lightning, wind, storms, hail, explosions, riots, aircraft wrecks, vehicle crashes, smoke, vandalism, theft, breaking glass, falling objects, weight of snow or sleet, collapsing buildings, freezing of plumbing fixtures, electrical damage and water damage from plumbing, heating or air conditioning systems. Such policies are "all-risk" policies, which cover everything except earthquakes, floods, war, and nuclear accidents.