Category Archives: Real Estate Advice & Tips

Money Monday: Check your improvement ROI

Before you do any home improvement projects, check out the return of investment — regardless of whether you’re planning on selling or just want to enjoy it for the moment!

Infographic from CAR.org.

Money Monday: DIY remodeling

In an effort to save money, some homeowners take on DIY projects, instead of hiring a professional.

But is it worth it?

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.

Money Monday: Financially prepare for retirement by downsizing

“It makes financial sense to downsize your home as you prepare for retirement.”

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“The move to a smaller home is a lifestyle and financial change all parents should weigh after their offspring are off on their own, personal finance pros say.

“One of the first things freshly minted empty nesters should do is “revisit their housing situation,” says Dana Anspach, founder and CEO of Sensible Money, an investment advisory firm in Scottsdale, Arizona.” (Yahoo Finance. https://finance.yahoo.com/news/makes-financial-sense-downsize-home-110102643.html)

Read more at Yahoo here: “It makes financial sense to downsize your home as you prepare for retirement. Here’s why.”

Money Monday: Homeownership budgeting

Becoming a homeowner of course brings with it paying for various fees and services, but there are smaller fees that you may not be thinking about when penciling out how much you can spend on buying a home. Add into your budget fees for the following buyer fees:

  • Home inspection
  • Appraisal fee
  • Survey report
  • Title services
  • Application fees

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.

Money Monday: How to not overpay for a house

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“No buyer wants to pay too much for a house…buyers should know when a property is overpriced and be equipped with strategies to avoid overpaying.” (CNN. “How to avoid overpaying for a home.” www.cnn.com/2019/01/11/success/overpaying-for-a-home)

CNN has practical tips here: “How to avoid overpaying for a home.”

Money Monday: Paying for surprise repairs

Nearly half of homeowners have had to make (and pay for) an unexpected repair within the first year of owning their home. Do you have money set aside for a repair?

  • 12% had to use savings to pay for the majority of the home repair and/or improvement
  • 13% had to go into debt for the repair or improvement
  • 20% had to make sacrifices in other areas of life in order to pay for them
  • 52% were able to easily pay for the repair or improvement without going into debt, making other sacrifices or using savings

Making and paying for surprise home repairs

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.

Money Monday: Don’t get sidelined when buying a house

Here’s some of the biggest misconceptions that home buyers have — and some financial misconceptions.

Money Monday: Financial documents every family should have

Financial documents are important when you’re on your own, but even more so when you have a family.

Here are four different documents you should probably have:

1. Beneficiary designations

2. A will

3. A Heath Care Proxy 

4. An Advance Medical Directive (living will)

Read the rest of Forbes’ article on this here: “4 Basic Financial Documents Every Family Should Have.”