When you are looking to purchase a home, you might be looking for a place for you and your family to live. It might surprise you to learn that not everyone who is looking for a house is necessarily in search of a place to live. Real estate is also a great way for someone to grow wealth. Furthermore, real estate is actually one of the most common ways that people become millionaires. Some of the active ways that people invest in real estate include flipping houses and renting out property. This can be time-consuming and isn't right for everyone. If you are looking for a way to make money in … [Read More...]
Remodeling is a common project that homeowners take on. If you are looking to remodel your home, it is important to keep in mind that this involves more than just improving your living area. If you remodel your home, you might also be expecting to generate a return on your investment. In prior years, a home remodel meant an increase in the value of your home. Furthermore, some people actually make money by buying homes, fixing them up, and selling them. This is commonly called "flipping." Unfortunately, like other sectors of the economy, this market ebbs and flows. Recently, it looks … [Read More...]
Electricity plays an important role in your home. It helps keep you warm, allows you to cook meals, and brightens up the interior of your house. At the same time, electricity is a common hazard. Electrocution accidents can lead to burns, serious injuries, and even death. You should feel safe in your own home. Therefore, it is a smart idea for you to remember a few important tips when it comes to electrical safety at home. Watch Out For Damaged Power Cords One of the most common causes of electrocution accidents at home is from damaged power cords. Over time, the wires that run through the home … [Read More...]
Last week’s economic news included readings on sales of new and previously-owned homes and consumer sentiment. Weekly readings on mortgage rates and first-time jobless claims were also released. New Home Sales Dip in September Commerce Department readings indicated fewer sales of new homes than in August. 701,000 sales were reported in September on a seasonally-adjusted annual basis; 706,000 new homes were sold in August and analysts expected 700,000 sales of new homes. Sales fell by 0.70 percent month-to-month but were 15.50 percent higher year-over-year. September was the second … [Read More...]
If you happen to want to move to a hot market for home sellers, here is some advice. Go looking for a home to buy when it is freezing outside or the weather is otherwise severe. Buying a home is both about finding one you like and beating out others if the market has buying competition. Days On Market To find out the competition for a particular market, check the median number of days that a home is listed on the market before it sells. This is called the "days on market." In a hot seller's market, the median number of listing days may be very low. The national average days on market … [Read More...]
Recent medical school graduates, saddled by high student loan debt, sometimes have a hard time qualifying for a first mortgage. Now, however, a growing number of lenders will consider future earnings potential of high earners in the medical profession as a way to offset high debt ratios. But specialty mortgages for young physicians aren't the only unique loans available today. Nationwide, there are a number of unique programs designed to help first-time buyers qualify for a mortgage loan. While some target specific professions, others are open to a wider range of applicants. They are … [Read More...]
