Many times homeowners realize the home they are living in need a change for many reasons: Some have growing families, others need a home office and lots of having problem with home’s plumbing and electrical work. Almost of them are debating within their own heads or even aloud with other family members: should we move or remodeling to the current home ?
As an engaged or new married couple, you might be at the point that buying a home is the next step to building your family nest egg. If you are a first time homebuyer there are a few things to consider when buying a home. Understanding your living arrangements and how you and your spouse will live in your home will be important. For instance how many bedrooms do you need? Is a bedroom turned office important? Are you planning on children soon after getting married? Keeping in mind the number of rooms and what types of rooms are important to you can help with finding the home that works for you. Asking yourself questions like do you need a family room and a living room or will one suffice? Do you want a multi-story home or on a single level? Understanding what neighborhood is best suited to your lifestyle…
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Buying a house is a highly individual decision—and a local one—but current trends are creating a favorable situation for many would-be homeowners.
Interest rates are low, employment is rising, home prices—in most markets—are still well below their peaks, and rents are through the roof.
Every family and each individual has various factors affecting the ability and the decision to buy a home. If you live in a market where studio apartments are $2,400 per month—while nearby condos sell for $300,000—it might make sense to buy a house instead.
(Remember, a local REALTOR® always is your best resource in helping you assess market conditions.)
Five Compelling Reasons to Buy a House Right Now
1. Interest Rates Are Still Low
Mortgage interest rates are still low—for now.
A 30-year-fixed-rate loan now averages 4.16%, according to Freddie Mac, but many economists believe we will see 5% rates next year. As interest rates increase…
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Gen X classifies those born between 1965 and 1979. Gen Y is the term used to describe those born between 1980 and 1995. Many of the Gen Y’s will face different issues such as school loans that will prevent them from buying a house this year. However as the next few years progress, we will start see student loans paid off (or settled) and a younger generation of home buyers emerge. Because of the housing crash of the 2000’s getting a larger home loan will not be as easy, but getting a home loan is. Many of the Gen Y’s will find themselves qualifying for anything between 260K-400K. That means the I.E. will be the hot spot for housing in the next ten years.
Make note investors! Buying a house n the I.E. will run about 260K now but in several years property values will go up more than other…
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10 Pool Maintenance Tips That You Need To Try Right Now
The idea of having a pool in your own backyard will always be incredibly glamourous. It’s easy to give into daydreams of hosting weekend parties, adopting an invigorated fitness routine that includes laps after work, and spending long afternoons lounging poolside while cultivating the perfect tan.
But, in those daydreams, one crucial element of pool ownership is often forgotten: the maintenance. Without a proper maintenance routine, your pool could succumb to a variety of less-than-luxurious conditions – green water, broken filters, and algae build up, just to name a few. And, no one wants to lay by a pool that’s seen better days.
Here are 10 pool maintenance tips that you need to try right now. Whether you’ve just opened your pool for the very first time or you’ve been a proud owner for years, check out…
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There are a lot of different kinds of credit out there. One of the most common forms is the auto loan. Though we are all itching to pay off our long-term debts and own something free and clear, there are a few precautions to know about before racing to get that statement to read zero.
To determine if paying off your car loan will help your credit score, it is important to understand several factors that go into your credit score.
Multiple facets of FICO
First, it’s important to understand the components that make up your FICO credit score. There are five key elements that are used to makeup that all-important number:
- 35% of your score is weighted toward your payment history
- 30% is weighted toward the amounts owed on your credit cards
- 15% is devoted to length of credit history
- 10% is generated by new credit
- 10% comes…
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If there’s one thing that can mar the excitement of a home remodeling project, it’s the nightmare of living through it. Just ask the Gargers of Hicksville, NY. A planned 16-week renovation of their three-bedroom Cape Cod–style home turned into a 14-month ordeal.
The low point? Pick one. It could have been when the entire family — husband Tom, wife Dolores, two children and two dogs — was forced to sleep in a single room for nearly four months. Or when Tom became trapped behind a cascading pile of boxes in a storage shed for 20 minutes before managing to crawl out. “It was moments like that I had to keep a good humor about things,” he says.
Deciding whether to live at home or move out during a renovation is a tough call. The disruption of relocating to new surroundings, coupled with the added expense, is enough to make…
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