Are you about to become a first-time home buyer? If so, there's a lot to get excited about. You'll soon be a home owner, able to customize and improve your living space as you see fit. Of course, buying a home is an investment unlike any other. To get the best deal on your home, you'll need to be diligent. Let's have a look at some of the hidden costs you may uncover when buying your first home. #1: The Home Inspection (And What It Finds) A major step before buying any home is the inspection. A … [Read more...]
Buying a ‘Micro’ Home? Be Sure to Consider These Major Lifestyle Changes First
With the cost of a home on the rise and the concept of being sustainable becoming more popular, many people are considering moving to a smaller home to minimize their impact. It's important, however, to consider what living small is really like before deciding that it's the right move for you. If you're curious about life on a smaller-scale, here are some things to contemplate beforehand. Getting Rid Of The Excess It's just a fact that a smaller amount of space means a smaller amount of stuff, … [Read more...]
How Young Is ‘Too Young’ to Buy Your First Home? Getting Started Early Has Its Ups and Downs
Many millennials are expected to enter the housing market in the next year with the interest rates still low. However, while it may be a good time, it does not necessarily mean that it's the right time for you to make the investment. If you're currently weighing your options when it comes to home ownership, here are some things to consider before you decide put the money down. Are You Struggling With Student Debt? It's possible to invest in a home when you're still paying down student debt, … [Read more...]
It’s Tax Time: Learn How Buying a New Home Can Help to Reduce Your Tax Burden
Most people do not look forward to tax time, whether they get money back or not, but as a homeowner there are a lot of things you can do that will help to reduce your taxes and get you a refund. If you're getting prepared to invest in a home and are wondering how it can benefit you, here are some deductions you'll want to watch out for. Minimizing Mortgage Interest One of the best benefits of having a home is that you can actually deduct mortgage interest at tax time and save considerable money … [Read more...]
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