June 2007
Monthly Archive
18 Jun 2007 07:23 am
The Secret of Negotiating a Remodeling Contract
| Starting a remodeling project can fuel excitement and anxiety but if you take the time to do your homework then it’s more likely the finished product will produce the expected results. Riordan says doing your homework includes asking contractors the right questions before you invite them into your home to start making major changes. He talked to me about what some of those right questions are and the dangers of not knowing the answers before construction work begins. |
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search for : remodeling project
17 Jun 2007 08:54 am
Attic ventilation prevents excess moisture and prevents mold.
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Proper attic ventilation is very important to your home’s good health, both in summer and winter. In the summer, a good flow of ventilation will remove unwanted heat that is trapped in the attic. That heat can damage the roofing, and it also makes it that much more difficult to keep your home cool. In the winter, removing attic heat allows the underside of your roof to stay closer to the ambient temperature of the outside air, which helps prevent ice damming. And throughout the year, good attic ventilation removes excess moisture before it can accumulate and create the potential for mold growth or damage to wooden structural members. |
search for : attic ventilation, mold growth
16 Jun 2007 07:54 am
Falling Home-Price Appreciation Hurts Mortgage Holders
| Areas of the U.S. with greater house-price appreciation last year tended to have lower delinquency rates on subprime mortgages. Distressed borrowers in a strong housing market may have also been better positioned to pursue alternatives to delinquency. Those borrowers could have built up more home equity and been better able to sell back their home to pay back the remaining principal or to refinance existing mortgages to ones that would offer lower, more affordable payments. |
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search for : house-price appreciation, delinquency rate
15 Jun 2007 08:03 am
The Secret Method To Find That Perfect Vacation Home
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Baby boomers with discretionary dollars to spend have fueled an increase in the number of vacation home sales in recent years. In fact, the National Association of Realtors reported that a record 1.07 million vacation homes were sold in 2006, a 4.7% increase over 2005. While the majority of buyers, 79%, said that they bought the home to use for vacation or as a family retreat, 34% said a reason for buying was to diversify their investments, according to the Realtors’ survey. Twenty-eight percent said they planned on using the home as a primary residence in the future, and 25% said the tax benefits were a reason to buy. And 21% bought because they had extra money to spend; 18% of buyers planned on renting out their homes. |
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search for : vacation home sales
14 Jun 2007 07:29 am
The Secrets to finding good investment property
| The idea of owning rental real estate seems to be gaining popularity as investors tire of the swoops and swoons of the stock market. Not everyone has what it takes to be a landlord. But those who do may find rentals to be a good way to build wealth. Once you’ve made the decision to buy rental property, your real work begins. Finding a profitable rental property usually takes time, connections and plenty of research. The longer you plan to own the property, the more you’ll probably need to invest in maintenance, repairs and improvements. |
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search for : rental real estate, landlord, good way to build wealth, buy rental property, profitable rental property
13 Jun 2007 07:27 am
Little Known Ways to becoming a Successful landlord
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Ignore those late-night infomercials, the ones that promise huge returns with no money down. Experienced landlords agree that the upfront costs are usually higher, and the returns lower, than those promoters would have you believe. Lenders typically expect down payments of 20% to 25% for rental property, said Bill Moore, co-founder of Landlord.com, and some lenders want as much as 40% down. Your loan will be more expensive than a typical residential mortgage, as well, because lenders believe investors are more likely to walk away from a rental than they are from their own home. |
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search for : no money down, residential mortgage
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