Are you looking for a home that you can lease out to gain some additional income each month? Finding and investing in a rental home can be exciting, yet horrifying. What if you buy a house that needs a lot of repairs while a tenant is in it? How do you find a home to buy and be sure that it is in good condition and won't end up costing you a fortune in repairs and maintenance over the years? This blog will help you learn what to look for in a rental home to ensure that it is a good investment.
Posted on:
17 August 2016
If property prices have fallen in your area, you may find yourself in a situation where you owe more on your house than it is worth. For example, you may buy a house for $700,000 only for its value to plummet to $620,000 after a few years and a mortgage balance of 650,000.
In this example, even if the lender opts for foreclosure, they aren't guaranteed of recouping their initial investment.
[Read More]
Posted on:
10 August 2016
Buying a home lot is a good investment for many buyers. If you plan to build a home yourself, or if you plan to invest in a modular home to put down on your land, you will first need a lot. Securing lots is often less expensive than securing a home, plus you get the option to sit down a home in a good neighborhood. If you have an empty home lot that is still waiting for a home to be placed on it, there is still work to be done on the lot before the home arrives to protect the property.
[Read More]
Posted on:
6 August 2016
If a roommate moves out -- whether on good terms or bad -- it is important to protect yourself. Even though you might not want to think about the idea that someone you once shared a home with might cause you harm in any way, you can never be too careful. Luckily, following these three tips can help you protect yourself.
1. Change Your Locks
First of all, even if your roommate has supposedly given you all of the keys that he or she had in his or her possession, it still pays to either invest in new locks for your door or to hire a locksmith to have these locks rekeyed.
[Read More]
Posted on:
29 July 2016
A group vacation is an excellent way to bring together family members in a relaxed atmosphere, away from the responsibilities of everyday life at work and home. A vacation rental is the perfect accommodation for such at trip. Room for room, vacation rentals typically cost considerably less than hotel rooms, and you get a lot more for your money. In addition to having multiple bedrooms all in the same accommodation, you also get larger living areas and a full kitchen where you can prepare meals and dine together.
[Read More]