Deciding to renovate your home is a tough enough decision on its own but now that you’ve decided to do it, you need someone to do the work. It would be awful to put time and money into a renovation that was done wrong or badly. Today’s article gives nearly 20 tips on finding the right contractor. Here’s one, “Check licenses, complaints and litigation history. General contractors and most subcontractors should be licensed, although the procedure varies by state and municipality. Check the disciplinary boards, Better Business Bureau and local court records for problems. Ask the contractor for a copy of his license and copies of the licenses of the major subcontractors who will work on the job.” To read all of them, CLICK HERE.
When it comes to energy-saving features for your home, today’s article has them all. From windows to toilets, there are several improvements you can make. Here’s one of them, “a lot of water flows through the bathroom and the cost of the water itself plus the expense of heating it adds up fast. Ask the seller if the bathrooms have low-flow toilets, faucets, and showerheads that meet federal WaterSense standards. Toilets use more water than anything else in the house, accounting for nearly 30 percent of an average home’s indoor water consumption. Older, inefficient toilets can use as much as 6 gallons per flush while WaterSense models use 1.28 gallons or less.” To see them all, CLICK HERE.
Thinking of buying a new house at the beginning of next year? Today’s article discusses how you can evade paying way too much for a new home. Here’s one tip, “Do not rush into buying a house. While this is your potential home, it is also likely the biggest purchase of your life and you cannot make it lightly. If you find yourself too connected to a property, you may actually be more willing to overpay. It’s important to remain unattached and consider all options before you make an offer.” To see all of the tips, CLICK HERE.
Today’s article is telling you the truth when it comes to five mortgage myths. Here’s one, “A house is a great investment. It can be a good long-term investment, but nothing in real estate is guaranteed. Particularly if you plan to live in the home for several years, and you can’t afford to lose a lot of money, you need to think of your house as a house – not a financial tool designed to pad your investments or retirement.” To read more, CLICK HERE.
Today’s article discusses the top real estate hot spots for Chinese investors. Here’s what they had to say, “Big institutional Chinese investors who want global real-estate portfolios typically look for trophy projects in cities like New York, Los Angeles and London. Just this month, Hilton Worldwide agreed to sell its flagship Waldorf Astoria hotel in New York City to a Chinese insurance company for $1.95 billion—the steepest price tag ever for a U.S. hotel, brokers say, although it isn’t the highest on a per-room basis.” To read more, CLICK HERE.
With all of the home improvement shows on television now, buying a fixer upper and creating an amazing house seems like a no brainer. But can you actually afford to buy a home that may require major repairs and improvements? Today’s article discusses your options. Here’s what they had to say, “committing to a fixer-upper is a big decision, one that can impact your financial picture for years to come. Before you start swinging a hammer, you’ll first need to find a way to finance your purchase. You may need a specialized mortgage product to buy a fixer-upper. Some lenders and loan types want properties in “move-in ready” condition, which can obviously pose a problem.”
Want to play a game? This game is called the real estate market game and today’s article explains how to play it. “The slowdown is good news for home buyers, of course. And recent weakness in real-estate investments, including home builders, has created opportunities for bargain hunters, some analysts say. But if the Federal Reserve begins raising interest rates next year, as expected, the cost of financing will increase—making things tougher for buyers and investors alike.” To read more, CLICK HERE.
Want to invest in real estate abroad? How about the UK and how about doing it for under $100? Sounds a little too good to be true. But believe it or not, today’s article discusses how it’s possible. Here’s what they had to say about the company, “Property Partner will deal exclusively with residential real estate and will allow investors to trade their interests, something that’s not been possible in the sector before.” To read more, CLICK HERE.
Thirty years to pay something off just sounds crazy but, as you know, 30 years is a typical timeframe to pay off your home. However, today’s article features one couple’s story and how they are trying to make their 30-year mortgage into a 15 year one. Here’s a little preview, “…buying a home is a huge commitment of time, money, and energy. But what if you could pay off your mortgage in half that time? Tom Cox and his wife, Vickie, are close to doing just that. Both now 46, the couple decided they would buy a home in 2000 but with the caveat of “going all in,” as they say.” To check out their story and to read more, CLICK HERE.
Today’s article tells the story of a couple who went a little too buy crazy when they had the opportunity but were soon stressed out to the max. Here’s a quote, “they had binged and bought three condos in Florida during the real-estate boom, but by 2011 were underwater by more than $300,000 on those mortgages. Even after receiving rents, they were losing $4,000 a month from servicing the loans and paying for repairs and other carrying costs.” Want to read more, CLICK HERE.