Homeowners

Articles, tips, and suggestions for homeowners.

There are currently 96 blog entries related to this category.

There are plenty of hidden costs of homeownership that buyers forget to account for when purchasing a home. From property taxes and homeowners insurance to closing costs, there's plenty to look out for during your real estate acquisition. According to the National Association of Home Builders, new homeowners also spend on average $10,600 within the first year of ownership on things like new appliances, furnishings and additional repairs and alterations. 

The infographic below from CAR outlines the average costs most buyers spend within their first year. You may already have a couch and dining room table, but it's a good idea to consider the additional costs that could be coming your way. 

For help budgeting for your new home purchase, work with

Homeowners insurance is a must for new buyers, most importantly because it is required by your lender if you have a mortgage. However, even if your home is owned free and clear, you may not want to take the significant financial risk associated with being uninsured. Insurance rates are a subject of concern for many homeowners, and the cost of insurance for real estate varies dramatically based on a variety of factors.

These factors include the age of the home, its construction materials, its size and value, where it is located, and more. Many homeowners spend well over $1,000 to $1,500 per year on home insurance. With this in mind, you may be looking for a reasonable way to reduce the cost of your insurance. There are several strategies that you can

Even if you're not planning on selling your home anytime soon, it's always a good idea to consider the overall value of your home and what you can to do improve it. Doing a bit of work on your home won't just improve its value, but it will also help to make your entire neighborhood more desirable and may inspire your neighbors to take better care of their homes.

Luckily, there are a number of basic improvements and upgrades that you can do without having to dedicate a huge amount of money or time. In fact, by taking the following steps, you could potentially add thousands of dollars to the value of your property by the end of the summer.

Give Your Exterior an Update

Simple things like repainting your doors and trim can have a huge effect on the

There are many ways in which you can increase the value of your home and invest in it. Upgrading, repairing and paying of liens all build equity and get you one step closer to full ownership. Try these four strategies of investing in your home to grow your home equity.

Make Necessary Repairs

Making necessary repairs is an important way of investing in your home. A new roof not only adds value and aesthetic appeal, but it also prevents major damage. Installing new siding, doors or repairing a fence also adds equity to your home by increasing its value. Inside, replacing the furnace and air conditioning, upgrading the electrical panel, fixing the plumbing and installing new flooring could also increase equity.

Understand How Home Equity Works

Summer is the perfect time to focus on adding value to your home and fun to your increasingly outdoor lifestyle in Southern California. These renovations are the perfect projects if you have a bit of extra time and you want to start spending it outdoors. These four projects are just the thing to make a big impact on the look (and value) of your home without breaking the bank. 

Repave the Driveway

Chances are that you've tripped a couple of times walking up your driveway if the pavement is uneven. Maybe you've even had concerns that a guest would fall when you have all of your summer barbecues. Paving the driveway is one way to deal with this safety concern, but it also adds greater aesthetic appeal to your home. This is especially true if you allow

If you have recently purchased your first house and it's a fixer-upper, then you're probably excited about putting your personal stamp on your home. Renovations allow you to design a house that fits your needs and personality, while also improving the overall value. However, watch out for the four following pitfalls that can destroy your budget, and the ultimate plans for the house.

Spending Too Much on Low-Impact Pieces

You will want to carefully budget before beginning your renovation, making sure to budget for around 15 to 20 percent more than the hard numbers that you give any contractors you hire. However, even within these increased budgetary strictures, you may find that it is quite easy to overspend in certain rooms.

While it can be good

Committing to a home equity loan may be just what you need to meet a large, unexpected expense or to make that needed home improvement. Home equity loans make use of the equity you have built up in your home as collateral. When used wisely, they can be far wiser choices than personal loans or reverse mortgages. It may not be for the rest of your life, but it is a big decision that will affect your financial future, for better or worse.

In today’s changing real estate and financial markets due to the economic upswing, here are the top facts that you should know before committing to a home equity loan.

Consider the Loan versus the Line of Credit

Financial institutions generally give you two options for borrowing against your home’s equity. The

Maintaining a home is an ongoing process that requires constant vigilance. Even though carrying out preventative projects might seem like a hassle, they can end up saving you thousands of dollars and prevent a major disaster that potentially puts your family in danger.

Here are a few tips you can use to avoid some of the most common mishaps that will bring your daily life to a grinding halt.

Create a Maintenance Checklist

Just because you have an excellent memory doesn’t mean you are going to remember every single project you carry out on your home. Over the course of a single year, you might need to remember hundreds of different tasks ranging from changing batteries to testing your water, and you can drastically reduce your risk of forgetting

Summer is quickly approaching and it's time to prepare your home. From a well-organized garage packed with fun equipment, to a relaxing garden oasis, there are a whole range of possibilities for home improvements. Check out these quick tips if you want to create a stylin' summer dream home.

Prepare For Activities

For a fun and memorable summer, it is a good idea to get outside and enjoy quality time with the family. As part of your preparations for this exciting season, consider organizing your garage and keeping a well-stocked collection of sports equipment around. From badminton to basketball, you can easily make your home the most fun on the block with a little organization and preparation. Pegboards, mounted shelving and vertical bike storage

The paint job of a home’s interior walls is one of its most important features when selling. But how can you tell when it’s time for a new coat?

Did you know that 94% of real estate agents recommend a fresh coat of paint on a property you’re trying to sell? Or that a fresh paint job can increase the price of that property by as much as two thousand dollars? Crazy, right?

That’s why even if your investment property doesn’t have peeling walls or terrible wallpaper, you should seriously consider a new interior paint job.

Maybe the walls in one room are faded from sun exposure. Maybe one of the home’s former occupants was a smoker, or had a thing for scented candles. Maybe the person you purchased the property from had terrible taste in colors.