How to Know If a House Is a Good Investment
 You want to find a house that is not only a comfortable fit for your family, lifestyle, and budget but also, ideally, a solid investment. When you purchase an investment-worthy home, you'll have the option to rent it out, draw on your equity, or sell it for a profit when your family is ready to move on to a different house. Here are some tips for determining if a specific house is a good financial investment:
Average Days on Market (DOM) Is Low
Keep an eye on the average DOM for your... Read More
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Realize Your Limits When It Comes to DIY Home Renovation
 DIY home renovation has steadily grown in popularity, and the advent of DIY TV shows and YouTube channels filled with tips and tutorials has set many an imagination on fire. The world of DIY has grown closer to home for millions of people who can save a significant amount of money by doing it themselves.
However exciting and romantic the notion of carrying out a DIY home renovation is, it can wind up being a disaster of epic proportions if you attempt... Read More |
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Transform Your Home in a Weekend with These DIY Projects
 Summertime is ending, and children are returning to school. Now, is an ideal time for quick and inexpensive DIY projects that make a big statement around the home.
The average American homeowner spent nearly $3,000 on home improvements in 2015, according to a Statista report. The following list of affordable projects... Read More
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Low Inventory Leads to Dip in Home Sales
 The housing market has been steadily improving. Home prices are currently higher than they were prerecession. Housing demand is up, due in part to near-record-low mortgage rates. And existing-home sales are continuing to increase. But a severe lack of inventory is putting a strain on the market. For the past 25 months, housing inventory has fallen year over year. June was no exception; at the end of the month housing inventory fell to 1.96 million existing homes for sale, down 0.5 percent from a month earlier and 7.1 percent from a year earlier. At the current sales pace, there is a 4.3-month supply of homes on the market; a year ago, total unsold inventory was at a 4.6-month supply. After years of the housing market favoring buyers, conditions... Read More
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Is an Adjustable Rate Mortgage Worth the Risk?
 There are inherent risks involved in an Adjustable Rate Mortgage (ARM) vs. the relative predictability of a Fixed Rate Mortgage. So why would a homebuyer consider an ARM? Here are three situations where a homebuyer should give an ARM a closer look:
1. Planning to Sell Quickly
The main risk of an ARM is at the end of an introductory period when the rate adjusts. However, if you plan on using those savings to fund home improvements and sell before the introductory period is up to upgrade to a better property, an ARM may be a good financial decision.
2. You Need to Move Again
There are many reasons why someone would need to suddenly... Read More |
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