Money Matters
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There are obvious reasons, both from a financial standpoint and for aesthetics. For example, the homebuyer won’t be living in a house previously occupied by strangers and may have all the latest energy- and cost-saving features.
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Contemplating a home improvement project? You are not alone. Millions of other homeowners do this every year, taking a critical look at their surroundings and thinking about what they could do to make their properties better. There are many important benefits to a home improvement project, from enhancing the look and mood of a space with a lighting upgrade to improving living space by turning that dark, dank basement into a rec room.
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e cost of energy at the pump and in the home has been rising considerably. Homeowners have the option to reduce their energy bills by installing solar panels, upgrading their boiler and thermostat, and a host of other changes. Unfortunately renters don’t have that option.
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The combination of rising interest rates, persistent inflation, and continued home-price increases means the start of a transitional period and lower competition in the housing market, predict economists including Lawrence Yun, chief economist at the National Association of Realtors. Don’t expect it to become an outright buyer’s market anytime soon, however.
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If you want to buy a house in the next 12 months – you’ll need some hard work and a bit of luck. But you can improve your help your chances of success, and your wallet, with a plan.
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Here are some factors to consider when projecting what the future holds for an area where you are considering buying.
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Houses are rocketing in price and demand has been outpacing supply, spurred on by low interest rates and the fear that they will rise significantly through 2022. This is leaving prospective home buyers scrambling to find something affordable. But there are sensible strategies that can help you stay sane and in the game.
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Falling leaves, cooler weather, and shorter days are seasonal reminders to prepare our homes for winter. A little preparation and…Continue Reading
Perhaps a family of raccoons has taken up residence in that den you never use anymore, or you’ve seen tumbleweeds…Continue Reading
Whether you’re about to list your house for sale on the market or you’ve just moved in and plan to stay…Continue Reading
