A house is a valuable asset. In terms of investments, real estate is among the safest investments to make. In a survey conducted by Bankrate.com, this belief is reflected in more than 1 in every 4 American. It is only natural to want to add more value to an investment asset. And in the case of a house, one of the ways to do this is to undertake home improvement projects on the property.
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If you’re new to the homebuying process, or if it’s just been a while, then the thought of mortgages, inspections, and house hunting can be a little intimidating. However, as long as you know what to expect, it doesn’t need to be. So here’s a quick guide that can help you through each step of the process, from first thinking about buying a home to closing the deal.
SMART HOME TECHNOLOGY
Smart home technology has achieved mainstream status in the United States. According to the Smart Home Marketplace Survey, almost half (45%) of all Americans either own smart home technology or plan to invest in it this year. Also, 54% of homeowners said they would purchase or install smart solutions if they were selling their homes to improve the chances of a quicker sale.
AMERICA’S 20 HOTTEST REAL ESTATE MARKETS FOR JUNE 2016
Wow, it sure did get hot fast this year! Summer has barely unfurled, but the residential real estate market is already delivering the most blistering June in a decade, according to new data on inventory and user activity on realtor.com®. Homes for sale in June are moving off the market 2% more quickly than last year as prices continue to hit new record highs.
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CREDIT SCORES 101
Credit scores are used in a lot of transaction. As a gauge for an individual’s creditworthiness, a credit score is what, landlords, mobile service providers, and even potential employers use to determine if there that said individual is a financial risk or not. This is also what credit lenders will use to determine what terms can be offered to a borrower and the rate that comes with the loan. The higher the credit score, the less risky an individual is for defaulting on financial commitments.
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CREDIT CRACKDOWN: HOW ONE WOMAN PAID OFF $67,000 IN 20 MONTHS
Kristen Seaton paid off $67,000 of debt in less than two years. Learn from her experience how you can make a plan to pay off debt quickly too.
Paying off debt can feel impossible when you’re already tens of thousands of dollars in the red. Here’s the good news: It can be done. Take Kristen Seaton’s inspiring success story on how to pay off debt. Seaton lives in Boston, MA, and managed to pay down a whopping $67,000 in debt in less than two years. Here, she shares how she made it happen — and the tips that can help you succeed too.
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HOME REMODELING: 6 IMPROVEMENTS TO INCREASE HOME VALUE
Dreaming of stainless this and marble that, with a dash of hip color? Sloooow down. See what your wallet has to say first. Some projects will protect your dollars more than others, especially if you’re planning to sell in a few years.
How do we know? Since 2002, a trade magazine for contractors and builders called “Remodeling” has been tracking common home improvement projects and how much of the cost of each project is recouped when the home sells.