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Inexpensive Kitchen Updates that Add Value

kitchen updates

Unfortunately, home renovations cost money. It may not seem like it when you watch HGTV and some home owners are able to get seemingly endless home upgrades and updates on what seems like a small budget, but that’s generally not reality. When your budget is limited, like most of ours tend to be for things like this, you need to plan carefully to get the biggest return on your investment, no matter if you are making updates to improve your quality of life or to raise the resale value of your home. So what’s the first room in your home you should look at if nearly every area needs updates of one kind or another? According to This Old House, it’s the kitchen. Below I have listed some inexpensive kitchen updates you should consider because they can add value to your home. Paint the Walls Nothing is more boring than white or beige walls. Take a trip to the hardware store, pick out a cheery paint color, or even two if you have an area that could use an accent, grab your supplies, and add some color to your life. A fresh coat of paint makes a huge difference to ...

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Applying for a Mortgage Loan: Big Mistakes to Avoid

Money is hard to come by, so you must take extra care in not wasting it due to some minor lapses in judgment. Though you can be very particular about how you spend your money on everyday expenses such as food, utilities, and transportation, this advice comes in handy when you are making a major financial decision, such as buying a house for the first time. In fact, it may be even more important to apply it to large purchases like these, because you may find yourself locked in for years in a horrible financial situation due to lack of foresight. In this article, we will enumerate some of the most common mistakes that many new homeowners end up making, why they are so costly, and ways in which you can avoid doing the same incorrect financial decisions. Going with Only the Absolute Minimal Payment According to a Business Day article written by Simon Rule, a broker based in Wellington, one of the biggest financial errors that people often commit is choosing the plan with the lowest rate without considering the others at all. Just because the deal looks good at the time does not mean that it will be ...

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6 Financial Benefits of Downsizing Your Home

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These days, evidence of people downsizing is everywhere – in magazines, on television, and all over social media. Unless you live under a rock, you’ve probably seen it just about everywhere you look. Even in the small town where I live, the Mini Cooper can occasionally be seen, likely due to the spike in gas prices we had not all that long ago. Smaller homes and tiny houses have become more popular as people learn to live with less stuff. Having less certainly frees up your time, but there are also some major financial benefits of downsizing your home. Here are 6 financial benefits of downsizing your home. Time Since I already mentioned it, let’s talk briefly about the financial side of saving time. Having a smaller home means less time picking up, cleaning up, and maintaining your home. The extra time you save could be spent working a side hustle. This means extra income for you. Mortgage Payments It makes sense that a smaller home equals a lower cost, which also equals a lower mortgage. At the same time, if you go ahead and make a larger payment each month, as you would have on a larger home, you ...

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Renting vs Buying: The Financial Benefits of Each

renting vs buying

For years I was firmly planted on the side of thinking that buying was always better than renting. However after nearly four years as a homeowner, I’ve begun to question this line of thinking, especially now that I have the freedom to live anywhere I choose because I’m self employed and my business is entirely based online. However, there are financial benefits to both renting and buying that must be taken into consideration before you, or I, decide if renting or buying is best. Here are some financial benefits of both renting and buying a home. Length of Time The length of time you plan to live in a home or apartment should play into this decision. If you are only planning to live in the same home for a few years, it would probably be better for you to rent rather than buy a home. The financial cost of moving as well as closing costs, realtor fees, etc. need to be spread out over several years to make it worth purchasing a home. Compare the Payments When you compare the monthly rent payment you currently make to the mortgage payment you would be making on a home, don’t forgot there’s ...

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5 Questions to Ask Yourself before Buying a House

Buying a house is a very important decision and it is a life-changing phase in a person’s life. It could mean a fresh start for many people. However, this should not be taken very lightly. There are questions that you need to ask yourself and answer to know for sure that the decision that you are about to make is the best decision for you and your family. The thought about living in your dream house in Australia is indeed very exciting. And to help you decide if it is time for you to start choosing among the beautiful houses for sale in Melbourne and buy one for you and your family, here are first the five questions that you should be asking yourself. Do I need to? Need vs. want is the first consideration. And your first priority for this issue is the necessity – if you truly need to buy a house now. You should ask yourself if renting will not work any longer and you definitely need to buy a house now. Having a house you can call your own is a goal – a dream come true for so many people. However, you should be practical ...

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