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4 Benefits of Building (vs buying) a Home

When you decide the time is right for you to buy a house, you might be wondering whether it is better to build or to buy an existing home. To help you decide what is best for you, we will include below 4 benefits of building vs buying a home. New vs Used Obviously one advantage of building a new home instead of shopping around to buy a home that was built 20, 30, or even 40 or more years ago is that you are getting everything brand new. A new home comes with new wiring, new windows, new plumbing, etc. Having all new building materials should ensure that your home is more energy efficient due to newer technologies in their production. Read my post on hidden homeownership costs here for more useful information on what to expect. In addition, your new home will probably come with new appliances so you won’t have to worry about replacing them any time soon due to wear and tear from previous owners as you might if you buy a previously occupied home. Customize vs Compromise Another advantage of building a home instead of taking what you can find on the market is customization. ...

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Should You Buy a Timeshare?

Were you to ask your friends, family or co-workers how often they take a vacation I am betting some of them would answer that they either can’t take the time away from work or can’t afford to pay for a vacation on an annual basis. If you are in a similar position, how would you like to take a vacation every single year, guaranteed? A timeshare can give you that. But you may be wondering, should you buy in a timeshare? Below are some things to think about before buying one so you can do so with your eyes wide open. Annual Vacation One of the many benefits of buying a time share is that you have the ability to take a vacation every single year. You can catch up on rest and relaxation as well as enjoy beaches, skiing, tourism, or whatever it is you enjoy doing or have always dreamed of doing by buying a timeshare. You Can Travel to Other Locations When you own a timeshare you don’t have to travel to the same place every year for your vacation if you don’t want to. Time shares can be exchanged for a different package in a variety ...

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Common Pitfalls You Might Encounter During a Fix and Flip

House flipping has become an increasingly popular means of making a profit in the US and it’s easy to see why. On the surface, flipping a house is simple; buy a property, make some fixes, profit! But before you start seeing dollar signs roll by, it’s important to consider the hard work this type of investment takes. After all, no one thinks buying a house is an easy process, no one thinks making large-scale improvements on a house is an easy process, and no one thinks selling a house is an easy process… With flipping you’re taking on all three challenges in the time that it takes some people to complete just one. However, it’s not all doom and gloom! If you’re prepared to take on the task and you stick to the rules, you can find yourself sitting on a pretty profit and may even find the process fun! The important thing is to learn from the mistakes of others, instead of making them yourself. Be aware of these 3 classic blunders and be careful not to let them affect your profits. Not Sticking to the Numbers So you hired a real estate professional to evaluate your home. They ...

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You Don’t Have To Be A Realtor To Work In The Real Estate Field

If you have an itch to get into the real estate field for your new career, you need to go for it! There really is no better time than now to explore your career dreams. However, if you are unsure as to exactly how you are going to be a part of this growing field, you will want to learn about the following career paths. You do not have to be a standard real estate agent. This is not your only option for success. Appraiser The appraiser is the person who is sent to the homes that are listed for sale in order to determine its true value. As an appraiser, you may be hired by the seller. His or her desire is to determine just how much money they can list the house for with their real estate agent. Then again, you might find that you are working for the banks. Before closing on a loan, the bank needs to know that the house they are lending money for is truly worth the amount that they are handing over. This is a fun job within the real estate field because you get to explore a lot of homes, without ...

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4 Financial Reasons You Might Want to Sell Your Home

4 Financial Reasons You Might Want to Sell Your Home

Selling your home and moving isn’t an easy process for most people. You have to pack up all of your stuff making sure it’s well protected from breakage, hire a realtor, and keep your home presentable while it’s being shown. Of course, you could sell your house on your own as so many people do these days. But what if you need to sell your home within a short amount of time? There are at least 4 financial reasons you might want to sell your home quickly. 1 Eliminate Debt In most cases, the largest amount of debt most people have is the mortgage on their homes. If you are trying to eliminate the amount of debt you have, you might consider selling your home to help you get out from underneath it. You certainly don’t want to wait until you are faced with the threat of foreclosure to sell your home because that can completely wreck your credit for many years to come. As difficult as it may be to make the decision to sell your home, it could be the best financial option in some situations. 2 Lower Your Payment Another reason to sell your home might simply ...

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