Wednesday, August 23, 2023 / by Jiselle Bersabe
Renting or buying a property is a significant financial decision that requires careful consideration. It is essential to evaluate the financial implications before making a choice.
Let's take a closer look!
Renting a property offers flexibility and fewer responsibilities compared to buying. It allows you to have the freedom to move more easily, especially if you anticipate changes in your job or personal circumstances. Renting also relieves you of the burden of maintenance costs, as these are typically the responsibility of the landlord. Additionally, renting may provide access to certain amenities and services that would otherwise be costly to maintain on your own.
However, it's important to note that renting does not contribute to building equity. Unlike mortgage payments, which gradually increase your ownership stake in a property, monthly rent payments do not accumulate any value or contribute to your net worth. Additionally, as a renter, you are subject to potential rent ...
Wednesday, July 26, 2023 / by Jiselle Bersabe
Whether you plan to sell your home or continue living in it, enhancing its value can be a strategic move.
Here are four effective ways to add value:
Painting: A fresh coat of paint can significantly enhance the exterior of a property while also providing an excellent return on investment. Select neutral colors that will appeal to a broad spectrum of potential buyers. Painting the inside and exterior walls of your home can give it a new and pleasant appearance. It helps to cover up existing marks, stains, or out-of-date color schemes, making the area appear clean and well-kept.
Fixtures: Changing out fixtures such as lighting, faucets, and hardware can add a touch of elegance and modern flair to your home without breaking the bank. Replace outdated fixtures with modern ones that match your home's overall style. Light fixtures that have been updated can brighten the space and make it feel more pleasant. Similarly, updating kitchen and bathroom faucets and hardware can ...
Monday, July 15, 2019 / by Ashleigh Townsend
5 Ways to Make Your Move More Eco-Friendly
Moving can be a stressful process, particularly if maintaining an eco-friendly lifestyle is a priority. However, there are some clever ways to ensure the moving process stays in line with a generally green routine. Even a novice who is just beginning to become more conscious about the detrimental implications of superfluous waste, there are several actions that can be taken to make the moving transition environmentally friendly. Compiled below is a list of tips to design a clean, positive moving experience that contributes to a cleaner environment.
1. Use Available Materials
Chances are there are boxes stored away in the garage and maybe some forgotten bins up in the attic that were supposed to be used “later.” When “later” inevitably comes, those bins could become a saving grace. Searching throughout the home for available materials will likely result in the uncovering of ...
Monday, May 20, 2019 / by Amber Felton
The excitement all started a couple of months ago when you made the decision to buy a house. You were pre-approved with a lender then on your way to meet with your realtor for a buyer consult to find the perfect new home! You saw a few houses you liked, but after weeks of searching you just couldn’t find “the right one.” So now you’ve given up hope, figured it just isn’t meant to be, and you’ve decided to wait a little longer before buying.
You’re thinking maybe 6 months, maybe a year? You think with time, you’ll have a better idea of what you’re looking for and more inventory will be available to choose from this time next year. Or maybe you’ll try to save a little more, thinking the higher down payment will help you with your buying power to afford a home in a slightly more expensive price point.
In the long run, your decision to wait to buy may not produce the results you’re looking for. You’re not considering ...
Wednesday, May 1, 2019 / by Amber Felton
So you're thinking about purchasing a home? Whether you are a seasoned homebuyer or new to the process, there are things that we recommend you to know before you buy. Take a look at this list of 10 things that you should know prior to buying a home: the mortgage edition.
1.) Length of Process
The length of the process varies depending on the borrower and the amount of information needed to make a decision.
Tip: Staying in constant communication with your mortgage banker will help you remain informed of anything that could delay the application process.
2.) Budget Vs. Affordability
Just because you qualify for a certain amount of financing does not mean you necessarily need to spend that amount on a home. Unexpected bills, a loss in income or a change in family status all affect your ability to make your monthly mortgage payment in the future. You will also want to have savings and extra cash for vacations and unexpected expenses.
Tip: Budgeting for less than you can a ...