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Renting out your home can be a great way to make extra money and pay off your mortgage. Some people buy or rent a second home for themselves while treating the first home like an investment, which is an excellent option for generating a long-term source of income. Other homeowners rent out a room or […]
It’s always tempting to try to handle a home renovation or repair on your own. You can save money by doing it yourself, and you can feel the pride and satisfaction of working with your hands. DIY projects aren’t always a wise choice, though, especially in areas that you don’t have much experience with. If […]
Closing on your mortgage is an exciting step in the home-buying process. After weeks or months of searching for your new home, negotiating offers, and getting all your paperwork together, it’s relieving to finally be so close to the end. However, as tempting as it may be to sign all the paperwork as fast as […]
The Fair Housing Act is a major piece of legislation that aims to make housing more equitable in the United States. If you’re planning to sell, rent, or buy a home, understanding the FHA is critical. Sellers and landlords must be aware of what behaviors are prohibited by the FHA, and buyers and renters should […]
The timing of selling your old home and buying a new one can be challenging. Real estate transactions are lengthy processes that involve several different parties, and if just one step is delayed, your closing date could be pushed back. Some lucky homeowners are able to perfectly time the selling of their old home and […]
Sometimes, you have no control over when you buy your home. Maybe you have to move to a new city for a job, or maybe you’re about to have children and need more space. In these circumstances, you can’t worry much about the current state of the real estate market or the future of a […]
For most people, location is the deciding factor when buying a home. You want to live in a state, town, and neighborhood that you love. Your location affects virtually every part of your day-to-day life, so it’s only natural that location is your first consideration in your home search. However, there are many other important […]
One of the most challenging experiences as a new homeowner is dealing with bad neighbors. You’ve finally moved into a great home after a long search, and you’re excited to settle in and get to know your neighborhood. When you discover that your neighbors are loud, messy, or unfriendly, you might wonder whether or not […]
Everyone wants their home to appreciate in value. After making monthly mortgage payments for years, it’s a relief to know that your property is worth more than you bought it for. You don’t have to worry about selling at a loss, and you feel confident that you made a wise investment. Most homes do increase […]
If you’re in a comfortable financial position as a homeowner, you may be thinking about buying a second home. Property is a great investment if you can afford it, so this is a wise choice if you have enough expendable income to cover it. Some people buy a second home to use as a vacation […]