Buying property is very exciting. Although many people look forward to the day when they will own their home, buying a first home can be stressful. This is why preparing yourself is so important. Here are a couple things you should ask yourself before you purchase a home.
Can You Afford The Upkeep?
Determining how much home you can afford can be hard. If you have rented in the past a landlord has taken care of the all the extra costs associated with home ownership.
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If you are having to downsize to a smaller apartment, it can seem like a major chore to fit all of your belongings into an area that is much smaller than what you are used to and still have room to live. It may seem nearly impossible, but with a little creative thinking and an innovative strategy, you can make a small apartment work, and even better, you can actually create the illusion that you have more space than what you do.
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If your beloved family member passes away unexpectedly, you may need help going through and selling their belongings and home. An estate sales planner understands your dilemma and may help you get through this tough time. The estate sales agent will clean out your loved one's home, garage and other structures for you. In addition, the estate planner may have your loved one's valuables and home appraised in order to obtain the maximum amount of proceeds for you.
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Hiring a property manager for your rental property can be extremely helpful. These managers can help you to do a number of things including finding tenants to fill your property, hiring contractors to make repairs, and more. Before you hire a property manager though, you will want to review these four things:
Services Vs. Fees: All management companies are going to charge a management fee, which can be anywhere from 4% to 12%.
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Before you purchase a new home, it's highly recommended that you enlist the help of a professional home inspector (such as one from Taylor Made Inspections). Their job is to check the main components of the home such as the roof, heating and cooling system, foundation, and major appliances. While some homes pass inspection with flying colors, some may have issues that are not easily seen with the naked eye. Here are some of the most commonly discovered issues with homes found by inspectors.
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