Backyard decks have replaced patios and front porches as the social centers of suburbia in the summer. Decks are elevated to catch summer breezes and to facilitate conversations with neighbors on their decks. Large enough for a table and grill, most decks are more versatile than front porches and provide privacy from street traffic.
So how much is a deck worth? If you are house-hunting, how much does a deck add to the value of a home you are considering? If you are thinking about adding a deck, will it pay for itself when you sell, adding more value than the cost of construction? Remodeling magazine’s annual Cost vs. Value Report looks at a range of projects by cost, [...]
Just six years ago, more than a third of all the houses sold in America were “distressed sales,” homes lost by families that could no longer make their monthly mortgage payments and who had lost their homes to foreclosure or short sales.
Foreclosures no longer make headlines, and many people may think they have fallen to negligible levels or disappeared altogether. In fact, distressed sales are still around, but account for only 6 percent of all home sales compared to about 40 percent in 2011.
The “foreclosure flood” created extraordinary opportunities for real estate investors to buy distress sales, fix them up, and either “flip” [...]
Conversations about schools and their effect on a home’s value are often of the “chicken or the egg” variety. Homes in the best school districts, on average, sell for higher prices than similar homes in less-popular school districts. A simple analysis might say that good schools are wholly responsible for this added value.
At the same time, on average, more affluent homeowners live in more sought-after school districts. Statistics often show that for large sample sizes, the more affluence there is in a community, the higher test scores will be in that same community. Test scores are just one measure of “good schools,” but they’re a highly [...]
So you’re starting to get serious about purchasing a home and you are socking away money for down payment! Way to go! A great target is to get to 20% down but there are loan options all the way down to $0 down. If you have started to make some strides on your savings plan, there may still be some room for improvement.Our last article started the frame work of creating a budget, opening a savings account, and starting to utilize both. Here’s five more tips to help you along the way.
A great tool is to set up recurring deposits into your savings account. It can be as simple as a recurring monthly transfer OR nowadays there are several new apps that help make savings [...]