There is really only one reason to try to increase the value of your home: if you’re trying to sell it. If you’re not, deliberately increasing your home’s value most likely will increase your tax bill as well. There are ways to increase your home’s value for resale that range from the very expensive (major […]
If you are looking to buy a house to rent, some concerns should include the property features. Clubhouses, workout facilities, walking paths, tennis courts — all affect a renter’s decision. Square footage, floor plan, and even a beautiful view can influence the rental rate. Basic amenities like dishwashers, laundry facilities, fireplaces, covered parking, and cable […]
If you’re searching for a rental house, the best place to start is by looking in the real estate section of your Sunday newspaper. Check similar properties in your area for the range of prices. Supply and demand are factors to consider. If you’re near a college campus for example, there is a constant demand […]
If you refinance your home, you may have to pay closing costs; discount points (used to increase the lender’s yield or profit on the loan and equal to one percent of the loan amount); appraisal fees; application or loan processing fees; document prep and recording fees; origination or underwriting fees; lender or funding fees; loan […]
Renting your property is a complicated task. On top of management and repair issues, perhaps the most difficult part of renting property is setting the proper rental rate. If the rent is too high, qualified applicants will be scared away — and even if it is rented, the length of residency may be short. If […]
If you’re looking on ways to use your home’s equity you can always refinance it. In essence, this is a way of paying off your current mortgage and getting cash out based on how much equity (the difference between the market value of your home and what you owe on it) you have in your […]
Are You Ready for the Realities of Being a Landlord? Managing a rental property involves more than collecting monthly rent. It’s a commitment that can be time-consuming and challenging. For example, you may get maintenance calls at all hours of the day or discover damage that needs to be repaired before a new tenant moves […]
When you’re ready to move, figuring out what to do with your house is a big decision. And today, more homeowners are considering renting their home instead of selling it. Recent surveys show about two-thirds of sellers thought about renting their home before listing, with nearly a third taking that possibility seriously. Compared to 2021, […]
Hiring an agent when you decide to buy a home helps you understand the buying process and the local market. They’ll also go over contracts and fine print with you, so you understand what you’re agreeing to. Plus, they’re good at negotiating, making sure you get the best deal. Expert advice from a trusted real […]
The combination of high demand for homes and shrinking inventories produces a seller’s market and typically signals rising home prices. While many forecasters expect home prices to continue rising this year, they caution that they won’t climb as quickly or as much as they did last year. Whether or not this signals a trend toward […]
