Elderly Homeowners and Refinancing: Everything You Need to Know
No matter the house, you might find a time to say “goodbye.” This could be because of a new job. Maybe the house isn’t large enough for you to start a family. Or maybe, you’ve grown older and taking care of an entire house has simply become far too much work. For many, this means that it’s time to refinance a mortgage and start looking at the market. However, for a handful of more senior homeowners, you have more to consider if you’re looking to offload your property and scale to something a bit more reasonable. What is refinancing? When it comes to loans and mortgages, refinancing is typically a fancy way of saying “replacing.” Most commonly, this is done when a loan is a bit too risky or expensive. Many times, you’re able to refinance that loan into a better, more agreeable one. It’s a savvy way to acquire…
Annual Maintenance Checklist for Property Managers
If you’re a property manager, you know that there are many tasks you need to accomplish every day. You’re in charge of collecting rent, finding and managing tenants, and any maintenance that needs to be done. Partnering with one of the excellent property management companies Fresno can help make some of these tasks infinitely easier, but there is still a lot to be done. The constant daily work can often lead to the inability to take a look at the overall maintenance of your property. With this annual maintenance checklist, you’ll make sure your property is always in excellent working condition without neglecting the day-to-day tasks that make your tenants happy. Check the condition of common spaces When you’re constantly addressing needs in individual units, it can sometimes be a struggle to remember to check common spaces. At least once a year, inspect the areas that are shared by your…
Using Hard Money Loans for Real Estate Investments: A Step-by-Step Guide
Choosing to invest in real estate can be a smart move if it’s done correctly. A lot of mistakes can be made along the way, but real estate is a great way to increase income — but before you invest in real estate, figure out what type of financing you’re interested in. If cash isn’t a viable option, a hard money loan could be the way to go. So let’s talk a bit about what a hard money loan is and why it can be beneficial. What exactly is a hard money loan? A hard money loan is typically defined as a short-term loan that’s used in real estate investments. These loans can be used by anyone interested in making a real estate transaction but because they are often short-term, they are primarily used by investors looking to fix up a house and sell it right away. The terms for…
Can You Use Home Equity to Buy a Vacation Home?
For many people, buying a vacation home might seem totally out of reach. You might think this is something only the richest people can afford to do, but actually, many people are able to own a vacation home. Hundreds of thousands of vacation homes are purchased every year, and the median household income for vacation buyers is only $89,900. Purchasing a vacation home is well within your means, but can you use home equity to buy a vacation home? Here’s everything you need to know. How can you get the money for a vacation home? One of the simplest ways to get the money for a vacation home is to use the equity from your current home. By refinancing your home, you’ll be able to afford the vacation home of your dreams. There are many advantages of refinancing for renovation or a vacation home. Refinancing is basically replacing your current…
Steps to Researching Your Neighborhood Before Buying
Millions of homes are sold every year, and this year, yours might be one of them. If you’re hoping to relocate to a new neighborhood, you want to make sure you do a bit of research before you buy. But how do you know what to look for in a neighborhood? Here are the steps you need to take to research your new neighborhood before you buy a home there. Medical providers If you’re moving to a new area, you want to make sure you have access to excellent medical providers. You might still be able to see your old providers if you haven’t moved too far away, but if you’re in a new part of the state or a new state altogether, you’ll have to do some research and make sure there are providers you like in the area. If you feel comfortable, talk to your potential new neighbors…
5 Tips for a Successful Open House
Holding an open house is a great way to ensure your home gets noticed. However, in today’s highly tech driven world, it’s simply not enough to spruce up the rooms and open the doors. As a matter of fact, so much of selling and marketing your home is now done online that you can’t have an open house without going digital, from creating fliers to letting the world know the day and the time of the event. Luckily, there are quite a few things you can do to ensure your open house is the success it deserves to be. So, keeping that in mind, read on below for a few tips to help you do just that. Get help One of the easiest ways to ensure your open house goes off without a hitch is to hire a professional real estate agent to plan and execute the open house for…
Simple Decluttering Tips for Memphis Residents
All across this nation, people have a problem: Too much stuff. No, this isn’t “affluenza” — or, at least, that isn’t the only problem. You don’t have to be rich to find yourself surrounded by clutter, but even being wealth and owning a big house isn’t a solution: Experts agree that our clutter problem has gotten worse even as American houses have more than doubled in size since the 1950s. Whatever’s behind this, it’s clear that Americans are overwhelmed by their own stuff. Memphis, Tennessee, is not immune to this problem. While less packed than some other American cities, Memphis has plenty of cozy homes and small apartments (besides, we just talked about how easy it is to get overwhelmed even in larger spaces). That’s why it’s crucial for Memphis residents to know how to better declutter, organize, and store their possessions. Reclaim your space. Turn records, photos, and more…
How to Turn Your Carolina Cabin into a Winter Wonderland
For many people living in the United States, the holiday season can be a time of relaxation, celebration, togetherness, and family. Preparing for the holidays usually includes the hustle and bustle of shopping for decorations and gifts. According to the National Retail Federation (NRF), the average amount of money consumers reported they would spend on holiday shopping in 2018 was expected to be up 4.1 percent from what they approximated they would spend in 2017. Research shows that a growing number of consumers do their holiday shopping, in person and online, during Thanksgiving weekend. Black Friday is an especially-busy shopping day. In fact, 60 percent of holiday shoppers begin browsing items and making purchases in November. Holiday shopping is something many Americans look forward to even before the holiday season officially begins. 21 percent of holiday shoppers reported that they plan to start shopping in October, and 18 percent of…
Simple Decluttering Tips for Memphis Residents
All across this nation, people have a problem: Too much stuff. No, this isn’t “affluenza” — or, at least, that isn’t the only problem. You don’t have to be rich to find yourself surrounded by clutter, but even being wealth and owning a big house isn’t a solution: Experts agree that our clutter problem has gotten worse even as American houses have more than doubled in size since the 1950s. Whatever’s behind this, it’s clear that Americans are overwhelmed by their own stuff. Memphis, Tennessee, is not immune to this problem. While less packed than some other American cities, Memphis has plenty of cozy homes and small apartments (besides, we just talked about how easy it is to get overwhelmed even in larger spaces). That’s why it’s crucial for Memphis residents to know how to better declutter, organize, and store their possessions. Reclaim your space. Turn records, photos, and more…
Best Places to Invest Abroad
Greece… Italy… South America or Spain… options for real estate investments are limitless