Mortgages and home equity lines of credit (HELOC) are two different kinds of loans that you can take out on your property. The lender can seize your home as collateral in case you don’t keep up with your payments. However, this is their only similarity. There are several differences between a conventional mortgage and a HELOC. You should know and …
Estimating how much coverage you need for the homeowners insurance for your Raleigh home and possessions could be quite difficult. If you overinsure, you’d just be throwing away money each year on unnecessary high premiums. If you underinsure, on the other hand, and then experience a catastrophic loss due to theft, fire or flood, you risk losing everything in your home …
Flipping houses continues to be a lucrative business — when done properly. It hit its fastest pace over six years in 2018, with house flippers making an annual average gross profit of $69,500. Returns on investment (ROI) may have dropped from 47.8 percent to 44.3 percent between the first and the second quarter, but profits remain. Certain markets prove more …
A 1031 exchange is an intelligent way to buy and sell real estate properties for investment purposes. This measure allows you to defer your tax obligation as a consequence of the sale. However, a 1031 exchange is hard to execute when a vacation house is in question, especially when there is Tenancy in Common (TIC) agreement. At times, proving that …
The metro is so congested that many opt to venture outside of it. Unlike the metro, there are a lot of business opportunities in the province since more people are having a difficult time finding an affordable place to live in the city. One of the most promising business locations today is Clark, Pampanga, where foreign investors are finding it …
Living solo does not mean that you need to resort to renting a room, studio, or apartment, which seems to be the norm among bachelors and bachelorettes. While it’s true that this is a very convenient option when your current lifestyle is taken into account, investing in a home at this point can still be more practical in the long …
As a homeowner, you must have looked around for ways to furnish the interior of your home. While the purpose for this might be for impressing guests, another purpose can be for raising property value. DIY Network explains how homeowners can financially benefit from an increased property value. Buyers or tenants looking for buildings to be leased or sold would …
Australia could improve its green building portfolio with a new benchmark launched by the Smart Cities Council and Green Building Council of Australia (GBCA). This can help the country boost its reputation for adopting environment-friendly building practices and design principles. It will likewise encourage more people to live responsibly and do their share in caring for the environment. These practices …
Renting a home is cheaper than buying one — this is a mentality that persists among many American adults. It is true: the average rental price in all 50 states in America is at around $500-1,500, while the average monthly housing payment plus mortgage ranges at $1,500-2,500. Homeownership offers financial security, however, making it more attractive than renting for the …
Being a homeowner has the added perk of owning equity, or the market value of your home minus the outstanding mortgage and other bills attached to the property. Home equity increases when the property values of the surrounding also area increases. The most effective way of raising home equity, however, is to pay off your principal and mortgage. The sooner …