6 Things to Consider Before Investing in Rental Property

Real estate is a good way to boost your investment portfolio. If you make the right investment choices, real estate is an exciting option. Finding investment property can be a major challenge for new investors. Here are six things new investors should consider.

1. Talk to a Professional

Prior to starting your search, talk to a professional realtor. They can give you insight into what to expect in the area where you are searching. Doing research can help you identify key characteristics customers in your area want, including the size of the property they're looking for, the location, and any amenities.

2. Think About the Neighborhood

The neighborhood where you buy an investment…

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There are several great reasons why you should downsize your home.

Lots of Work

The first reason is that there is going to be a lot less work to do inside the home. When you have a bigger property, then you are going to have a lot of things that you will need to take care of. Some of these things are going to include your personal items, furniture, household supplies, and kitchen appliances. But a smaller home is going to take a lot less effort and time in order to maintain it. Therefore, you can focus on things that you love.

Money

The second reason is that you are going to be able to save some money. If you are going to be moving to a place where it might be a little more expensive, then it is probably a good idea to downsize. Having a…

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Living near a business can be a polarizing experience depending on where you are located. While you will get a first-hand view of many of the organizations around you, some of the downsides can become very irritating. First, here are some of the positive aspects of living in a highly commercialized area.

Accessibility

Whether it is a restaurant or insurance companies, living near businesses means that you will not have a long journey ahead of you in terms of getting what you need. Compared to the distance that those who live in a residential neighborhood, those who have businesses overlooking their house can practically walk to their destination. This can prove to be very convenient, especially if you are in need of something urgently. There is no…

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Whether you're interested in increasing the value of your home for yourself or for future sales, it’s best to consider multiple ways to do so. Some of the most innovative approaches to increasing the value of your house involve the use of timers. Considering the vast ways in which timers can help may encourage you to purchase at least a few.

Lighting Systems

Timers for lights are pivotal ways to raise both the value and security of your home. For example, you can time lights around the exterior of your home to go on when night falls, which brings up a sense of security. Furthermore, in the event that you are away from home, you can have the lights go on and off with a timer, thereby giving off the appearance that someone is home and making the house…

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The housing market is doing well at the moment, but lenders still consider a 20-percent down payment as optimal for most would-be home buyers. That said, fewer and fewer Americans have instant access to potentially hundreds of thousands of dollars in liquidity.

In fact, most homeowners have their net worth wrapped predominately in the home itself, which creates something of a quandary for those looking to buy their first home or invest in their dream home.

You might be wondering - How are first-time homeowners able to come up with enough money for a down payment while having money left over for renovations and mortgage payments? There are also property taxes to factor in. Bearing that in mind, there are a lot of ways to come up with more money for…

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Moving can often be an overwhelming and stressful process. You can easily forget important steps you need to complete, and you might be left rushing around trying to get everything together at the last moment. Moving to a new place can often be challenging because you will have to acclimate to your new surroundings. Therefore, it can be beneficial if you are well-prepared for moving ahead of time. This will make the process much simpler and will allow you to focus your attention on adjusting to your new environment. The following information will provide a closer look at ten helpful tips for making your move more efficient and successful:

Use Color-Coded Box Labels

Marking all of your boxes with color-coded labels is a great way to streamline your…

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Metal shipping containers are definitely a popular trend in the tiny house movement. At first glance, a shipping container might seem like the perfect solution for small space living. They are affordable to purchase and are seemingly the complete package with exterior walls, a floor, and a roof. So, what could possibly be the downside? There are a few reasons metal shipping containers are not really as practical as they promise to be. Let’s explore 5 of the disadvantages so that you are properly prepared for this journey.

Transport and Delivery

Shipping containers are quite heavy. Weights can range from 2 to 4 tons. Once you purchase a container you then have to figure out how to get it delivered to your land. You will need to hire a hauling company…

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People often wonder whether they should buy or rent their home. There are many things to take into consideration, not all of them financial. We’ll cover some of the pros and cons of buying vs renting so you can decide which one would be right for you.

 

Renting

You’ve probably heard the saying 'renting is throwing money away'. This is because people equate renting with giving away your hard-earned cash. You’re not building equity when you rent, so when you move out you cannot sell your property or make money from it.

 

Renters, on the other hand, do not have to pay for upkeep or repairs. They are able to move whenever they wish depending upon the lease and often only have to pay a penalty if they would like to be released early. It may be…

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5 Tips for a Great Entertaining Space

If you are planning to create a great entertaining space from scratch, than you have come to the right place. Below you will find five great tips for creating the perfect space for entertaining.

1. Keep the Space Nice And Open

If you have the option to create or utilize an area that is very open with a nice area of space in the middle, then use this space to create exactly what you would like to out of this area. You can form seating around the perimeter or add a fountain, fire pit, or television to the middle of the area. The idea behind having an open space is keeping plenty of walking space between people and where they may be playing a game, watching television, eating, or sitting to ensure that everyone…

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4 Signs It’s Time to List With A Realtor

It seemed a great idea at the time. Save yourself the 6 percent commission that you'd have to pay a realtor by selling your home on your own. After all, how difficult is it to put up a “For Sale By Owner (FSBO)” sign on your front lawn and to put an ad on the local paper and in a real estate website. You've even seen enough housing shows to know that you should stage your property inside and out to make it attractive to buyers. You certainly don't need a sales agent to tell you that.

So here it is, six months later, and your home is still on the market with no buyer in sight. Before you reach that sorry state, learn to recognize the four signs that it's time to list with a realtor.

 

You don't know how…

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