An investment property can provide significant benefits for both your current finances and your future. But it can be a challenge to navigate the process for the first time, plus you need to manage the house after you buy it. Here’s what you need to know about purchasing and managing your investment property. Know What You’re Getting into Before You Buy When you decide to buy an investment property, it’s important to clarify the definition. If you’re buying a property to fix it up and re-sell it, that’s … [Read more...]
5 Amazing Tips For Potential New Homeowners
Purchasing your first house is not only a dream come true for many, it’s also one of your biggest accomplishments. Sadly, however, a new house isn’t all fun and games. It’s a huge responsibility that some first time home buyers underestimate. Many of us have been inexperienced with owning a home for the first time, but that doesn’t mean you have to. Get Everything Organized The first, and perhaps most important, thing you need is proper organization. In fact, you should start the process prior to even touring … [Read more...]
7 Reasons to Buy a Home
Some people don't need a reason to buy a home, they just want it. That can be enough justification by itself. Other people need some solid logic before they're ready to make the commitment. The following reasons might help you to make a decision. Pride of ownership ... among the most popular reasons given by homebuyers is that they want a place they can call their own and decorate and improve it the way they want. It is a place to feel safe and secure and a place for … [Read more...]
3 Tips For Making Your Dream Of Buying A Home Come True
There are several ways to make your dream of being a home owner, one of the first things when starting the process is meet with a lender and have them review your ability to buy. This important step will provide you with the knowledge of what amount you can comfortably afford. This also saves time with your home search since the cost options are narrowed down. … [Read more...]
How To Get A Better Perspective On Affordability
By the KCM Blog Headlines spotlight the fact that buying a home is less affordable today than it was at any other time in more than a decade. Those headlines are accurate. Understandably, buying a home is more expensive now than immediately following one of the worst housing crashes in American history. Over the past decade, the market was flooded with distressed properties (foreclosures and short sales) selling at 10-50% discounts. There were so many that this lowered the prices of non-distressed homes in the … [Read more...]
4 Questions That Can Help You Decide on the Right Home
Deciding which house to buy is a huge decision. After all, it’s one of the biggest financial decisions you’ll make, and you’ll likely spend years in your new home. It’s no wonder why many buyers, especially first-timers, worry over whether or not they’ve managed to find “the one” and if it’s worth submitting an offer. We’ve put together four questions to help you determine whether or not you've found the "right house". Keep them in mind as you go on showings. They’ll help you keep your priorities straight so … [Read more...]
Four Personal Financial Hacks for Homebuyers
Courtesy of Seth Murphy of PapaDIY.com So you’ve found it: the home of your dreams, the place where you’re going to live out the rest of your life where you can entertain every weekend or spend evenings in quiet solitude. The idea of getting a new place (or a first place, for those new to the homebuying experience) is both exciting and frustrating, mainly because of all the minor details involved the process of buying -- and keeping -- your new house. But don’t let all the frustrations get in the way of your new … [Read more...]