A Personal finance blog to get rich
The most expensive investment you make in your life is purchasing a home. Though buying a new home is a symbol of long-awaited financial security and professional triumph, getting caught up in the excitement of signed mortgage loan documents and “sold” stickers slapped on for-sale signs can work to the detriment of first-time homebuyers.
That said, you’ll need to verify that you can afford the mortgage, fees, and utility expenses that accompany homeownership.
Purchasing your dream home is an experience filled with colorful paint swatches, perfect furniture arrangements, and custom, personalized decor. While the idea of homeownership may seem exhilarating, the reality is much less shiny and bright.
Between down payments and escrow closing-costs, purchasing a home is a substantial financial investment. However, payments don’t stop with the initial purchase.
There’s no doubt that buying a new home can be stressful. With so many variables to consider, it can leave you feeling overwhelmed. When it comes to the big move, many first-time buyers make all sorts of mistakes.
It’s a complicated process that should be handled with care. After all, you are making a huge investment that could impact your future.
Previously we posted ways to get a new roof on a budget. Now let’s talk about redesigning or remodeling your home on a budget. How can you finance your home redesign on a budget?
We have been homeowners for the last 6 years. We are right now replacing our roof and in another couple of years, we will remodel our home. Remodeling not only makes the home better, but it can also increase the home value.
It;’s summer and here in south Florida, the constant barrage of rains started pouring in almost every day. And to our dreaded expectation, our roof started leaking again! We had leaks in 2016 and 2018. They charge $1,000 per the leak, to repair – on average. Fortunately this time the leak is over the back patio. We have some time to think about a new roof (our roof is 1992 built). We are thinking about different ways to finance our new roof.
We may be stating the obvious, but replacing your roof is an expensive endeavor. It can cost $15,000 or more, so paying for it out-of-pocket would simply not be an option for many homeowners. We live in a large single stories house, the roof replacement cost should run to more than $25,000.
Homeownership is one of life’s great milestones, and if you own your own home you have probably spent a long time thinking about the improvements you can make to your space.
One of the biggest hurdles to home improvement is cost, as some remodeling and redecorating work can cost thousands, putting home improvements out of reach for many families.
One of my friends was looking for a home.
His dream homes were going off the market as soon as they were coming in!
He started taking time off from regular work hours to visit houses for sale.
I never could have imagined, when I put my 5% down on my loan for my first real estate deal (my first home), that it would change the course of my life in so many prosperous ways.
Hi, I’m Joe DiSanto. I spent my career in Los Angeles, starting and owning entertainment businesses. I’ve also invested millions in real estate, transacting on 16 properties over the last 16 years. This is the story of my first investment.
Acquiring your first house is a big step to take. It’s not as simple as buying something from the shopping mall, which you can return if there’s something wrong with the item. A house is a long-term commitment, which is why you need to be extremely careful in picking out your first one.
In 2018, the estimated number of households in the USA reached 127.5 million. The rise in number is partly due to an increase in population, but also somewhat because housing prices were going up in the last few years since the great recession. Are you planning to buy your first home?
A few days back I was invited to a colleague’s housewarming party. My head has been spinning ever since I visited his house. The guy started his career around the same time I did. He bought a 4-bedroom house in an expensive south Florida market, with a yard large enough for a mini soccer match, as well as space for a butterfly area (I saw a few butterflies, too). Should I buy or should I rent?
I am living in a rental condo apartment. I do have enough savings for the down payment required for a similar home, so I started thinking about buying one. I spoke to my wife in the evening about it, and she agreed that this is a good time to buy a home.
