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Should I Shorten My Mortgage Term, Important Factors To Consider

January 12, 2021 by Michael Addison

When you first bought your home a few years ago, perhaps you started off with a 30 year mortgage. Now, you are considering refinancing and changing it to a 20 year or even a 15 year mortgage. Shortening your mortgage term and refinancing can be a smart financial move, but before you make this decision there are a number of factors that you should consider. Switching to a shorter mortgage will mean that your monthly payments will be higher, but you will be 100% paid off much sooner and you will save thousands of dollars in interest rates. Here are a few of the factors to consider before making this decision: Has Your Situation Improved? Perhaps you have moved to a higher paying position, … [Read more...]

Filed Under: Home Buyer Tips Tagged With: Home Buyer Tips, Mortgage Rates, Refinancing

Buying an Investment Property? Here’s How You Can Maximize Your Rental Revenue

December 18, 2020 by Michael Addison

Whether you're buying a ski-in/ski-out condo at your favorite resort or you're thinking of picking up a small home in a busy tourist area, buying a property for short-term rental purposes can be an excellent investment that quickly begins to provide additional revenue. Let's take a quick look at a few steps that you can take to maximize the revenue that your investment properties bring in each month. Upgrade Your Home to Give It a Luxurious Feel It should go without saying that if you want your home to rent for a high price it has to have a significant amount of value behind it. After you purchase the home, spend some time on upgrades that help to enhance the home's beauty and usability. … [Read more...]

Filed Under: Home Buyer Tips Tagged With: Buying a Home, Home Buyer Tips, Real Estate Investing

Buying an Investment Property? 3 Key Home Features That Will Help Ensure You Turn a Profit

December 1, 2020 by Michael Addison

If you're entering the real estate investment market for the first time, you're embarking on a great adventure - and with a solid plan, you can turn a tidy profit on your investment. The key to a successful real estate investment is choosing the right property. A great property will reap dividends for years to come. Look for these three features in your next investment property and you'll have no trouble finding one that turns a profit. Location: More Important Than You Think The location of your investment property will be critical in determining how much you earn on it and how long you're able to keep tenants. And as the saying goes, you can change the color of the walls, you can change … [Read more...]

Filed Under: Home Buyer Tips Tagged With: Buying a Home, Home Buyer Tips, Real Estate Investing

Three Hot Renovations That Will Boost Your Home’s Value Without Breaking the Bank

November 13, 2020 by Michael Addison

Are you feeling the "renovation itch" or perhaps looking for a fun project that you can take on which will provide you with a return on your investment? There are numerous home upgrades and renovations that can add value to a home without costing a large sum of money to complete. Let's take a look at three popular home renovations that can increase your home equity without draining your bank account. Paint Your Home Inside and Out Painting the interior or exterior of your home costs very little when compared to how much it can freshen up your home's appearance and increase its value. Painting is also an excellent time to get rid of any old wallpaper or other decor touches that are … [Read more...]

Filed Under: Around The Home, Home Buyer Tips Tagged With: Around The Home, Home Equity, Upgrades and Renovations

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