Because of the ability to build equity and call a piece of property your own, people often sing the praises of home ownership over renting. And while home ownership is certainly advantageous in some ways, it also comes with the increased stress, costs, and time commitment related to home maintenance projects and repairs. If you want the best of both worlds – home ownership without incessant projects – there are steps you can take to turn your house into a low-maintenance house. But you must be purposeful in both the big picture and small details.
There’s nothing easy about moving. No matter how many times you do it, there’s still a lot of work that must be done for an orderly and smooth process. On a very practical level, there’s the monotonous, painstaking process of packing.
8 Helpful Packing Tips
You don’t have any choice but to pack up your belongings. However, this is one aspect of the moving process that you can get better at over time. By implementing the following tips and hacks, you can simplify this activity and enjoy a smoother, more efficient move.
In most markets around the country, real estate has been red hot with the expectation that it will continue to heat up even more this summer.
As someone who’s selling a house, you could end up with multiple offers on your home. In fact, desirable listings in competitive neighborhoods often receive 10 or more offers in a matter of hours. And while this is a good problem to have, it’s a problem nonetheless. How do you choose the right one?
Most people find it fairly easy to make the decision to move. However, actually executing a move is a whole lot harder than it looks on paper. One of the more challenging aspects of the process is listing your house so that you can buy your next one. And if you want to get top dollar for it, there are a number of things you need to do prior to listing.
Most people in the real estate industry have a pretty good idea of the various pros and cons associated with being a landlord. And while the positives generally outweigh the negatives, there’s one glaring issues that many just can’t tolerate: The inability to get away from it all.
Whereas the traditional 9-to-5 employee gets to clock out during the week and then enjoy a nice long weekend away from the job, landlords don’t always have this luxury. It’s difficult to completely disconnect for more than a couple hours at a time.
If you want to enjoy a peaceful weekend, you have to be strategic about how you handle different issues. Hopefully, this article will offer some ideas that can be applied in your specific situation.
Real estate investing – and landlording in particular – is widely misunderstood by the general public. For instance, it’s often assumed that being an ethical landlord and running a profitable business are mutually exclusive concepts. And despite the fact that many landlords perpetuate this ideology, it’s simply not true. If you put your mind to it, you can be ethical and profitable.
When it comes to investing in real estate, there are plenty of options. You can buy single-family homes, multi-family homes, apartments, townhomes, condos, vacation rentals, commercial properties, even tiny houses! But there’s one unique, yet potentially lucrative option you probably haven’t considered: mobile home parks.
When most people think about mobile home parks, a lucrative investment isn’t typically the first thing that comes to mind. Because of the price point and stereotypes associated with mobile homes, it’s generally assumed that there’s no money to be made here. However, you should be wary of coming to this conclusion without first doing your research.
As you draw up your lease agreement, you’ll have to stipulate who will pay utilities. If you’re like other landlords, this portion of the contract may give you pause. Is it better to cover the utilities or let the tenant do that?
If you were to cover the cost of utilities for your tenant, it would probably look something like this: You’d raise the rent price to include the potential cost of utilities, or you’d ask for a separate utilities fee to be paid each month.
If you’ve ever dreamed of living a life where you don’t have to report to a boss and punch a time clock, real estate investing could be the answer. Over the years, hundreds of thousands of people have discovered financial freedom and built wealth by ditching their day jobs and investing in real estate full-time. Could you do the same?
In the late-90’s and early-2000’s, the economy was rocking, the internet was booming, and money was flowing. As a new generation of homebuyers began accumulating wealth, a trend emerged and people started buying and building “McMansions” – larger than average homes with more square footage than the average family really needs.
Right around 2009 to 2010, there was a stark correction. Fueled in part by a crashing economy, a mindset shift occurred. People started to crave the idea of minimalism, simplicity, and small spaces. People who had previously owned 7,000-square-foot mansions were moving into moderately sized 2,500-square-foot homes and enjoying more focused lifestyles.