Posts with tag 'homeownership'
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6
Creative Options for Your Homeownership Quest
It may be time to consider creative options in your quest to become a homeowner. Think of a new home as a side hustle and not just in earned equity.
Does the rising cost of just about everything these days make your dream of owning your own home feel less within reach?? According to Bankrate, many people are seeking additional income through side hustles, possibly to cope with those increasing expenses and save for a home. This trend is particularly popular with younger individuals who may be dealing with student loan debt (see graph below):
14
5 Ways To Simplify Your House Hunt
Buying a house might be one of the most challenging purchases you make. It's an exercise in the physical, mental and emotional. For all the effort it takes from start to finish, the energy invested will pay off with an enjoyable and practical purchase to build wealth. These five tips will help you simplify the process.
1. Get your financial paperwork in order.
You will need to submit detailed financial records to the lender that may take some time to assemble. The sooner you start the process, the sooner the lender will be able to approve you for a loan.
2. Ask a mortgage lender to pre-approve you for a loan.
Pre-approval means that a lender is ready to finance a home purchase. By taking this step early, you'll know how much a lender is willing to loan yo...
14
Get a Head Start on your Fall Home Maintenance Checklist
If you have been putting off outside maintenance on your home because of the summer heat, not to worry, the weather has changed! Fall is a great time to do dive into outdoor work and start preparing your house for winter and the cold weather ahead. Here are a few things you should be doing to make sure your home is ready for the changing colder temperatures ahead.
- Clean Your Gutters Make sure your gutters are clear of leaves and debris so water doesn't pool and cause damage to your home.
- Check For Leaks and Water Damage Give your home a good look over to make sure there are no l...
18
Home Improvements for the Joy Factor
Homeowners tend to justify home improvements to boost future sales prices and return on investment value. But maybe you're in your home for the long haul and simply want to make changes to your space for the joy factor.
The National Association of REALTORS®, along with the National Association of the Remodeling Industry, conducted a survey in 2022 to find out the project's estimated average cost and return on investment, and the joy score, or satisfaction with the completed upgrade on a scale of 1 to 10.
Find out which projects could bring you joy — and some cash back!
Stroll through the rooms in the following infographic and view research highlights to see what might fit your budget, needs, and joy score.
16
What's on Top of a Millennial Wish List?
There are many misconceptions about what drives Millennial homebuyers to make an offer on a property. When you are selling your home, cutting through the "wrong" ideas can make your home more appealing to this highly motivated demographic. As you prepare your listing, the following are nine things that are at the top of a Millennial buyer's wish list.
- Room to Grow
The majority of Millennial homebuyers are around 30. They are eager to settle down and start a family. This means they want a property with an extra bedroom or two, a yard, and enough space for them to put down solid, stable roots. Three bedrooms and two bathrooms within a 2,500-square-foot home is an ideal property for this demogr...