If you have been thinking about investing in a foreclosure property, you will want to make sure the home you choose does not have major hidden issues. Before hiring a professional inspector, you can do a preliminary check by looking out for some of these common problem areas: CeilingsCeilings are typically made of plaster or plasterboard. Keep an eye out for: Cracks, holes, or uneven areas Dampness or mold growth Crumbling surfaces Bulging or cracked spots WallsWalls may show similar signs of … [Read more...]
What Do Points Have to Do With Real Estate?
You may have heard of points when looking for real estate. Maybe your loan officer told you that you can trade points for a better interest rate. That sounds good, but just what are points? We'll give you a better idea of just what points are and how they work. What Are Points?Points, more specifically discount points, are a percentage of the total loan amount for the house that is pre-paid to the lender. Each point is worth one percent. Your lender may offer a lower interest rate for your … [Read more...]
Why Some Homes Come with Deed Restrictions You Shouldn’t Ignore
When buying a home, most buyers focus on location, price, and features. However, deed restrictions—legally binding rules that dictate how you can use your property—are equally important. Ignoring them can lead to unexpected limitations and challenges. What Are Deed Restrictions? Deed restrictions, also known as restrictive covenants, are rules placed on a property’s deed by developers, homeowners’ associations (HOAs), or local governments. Unlike zoning laws, which are … [Read more...]
The Best Home Upgrades for Lasting Value
When it comes to increasing your home’s long-term value, not all upgrades are created equal. While stylish kitchens and luxurious bathrooms may attract attention, the smartest investment is one that continues to pay off for years to come: energy efficiency. Unlike cosmetic updates that can lose appeal over time, energy-efficient upgrades provide lasting benefits. They lower utility costs, increase property value, and make your home more appealing to buyers. Higher Property Value: … [Read more...]
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