A Personal finance blog to get rich
Buying a home is a long and exhausting process. However, saving for a new home can take even longer and be even more frustrating. Saving up for your dream home is a much smarter move than impulsively buying something as major as a house when you know you can’t really afford it.
Here are a few tips that could help you along your savings journey to get you to where you need to be as soon as possible.
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.
Home remodels are inevitable, but they are also one of the most expensive projects you will undertake. Therefore, it is a relief to be able to cut down costs wherever possible.
If you are interested in keeping your renovations as affordable as possible, here are the top tactics to consider:
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 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.
In the last couple of months, two homes sold in my neighborhood. For one property the previous owner did an extensive renovation, painting and yard beautification, etc. For the other property, the owner sold as-is. This got me thinking about the right strategy of fixes prior to selling a home.
The popularity of HGTV renovations and the idea that every house has to be perfectly polished when it hits the market have culminated into one thing: homeowners are wasting their money on unnecessary projects.
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.
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.
