Pros and Cons of HOAs
February 8, 2022 What is HOA? What is HOA? Homeowners Associations (HOAs) charge fees for basic community amenities and enforce community rules. Single-family home developments, townhouse communities, and apartment complexes use HOAs to maintain home values by creating safe, attractive communities. While HOAs can foster a community atmosphere, some […]
How do Appraisers Determine Home Value?
What is an appraisal? A home appraisal is simply the unbiased opinion of a professional appraiser regarding the value of a home. Home appraisals are extremely common in the purchasing or refinancing of a home. Lenders require appraisals as a safeguard for the lender and the purchaser, to ensure they are lending for more than […]
Home Improvement Projects to Increase Home Value
Keeping Up to Code Maintaining the building code is the most important improvement you can do to ensure your home’s value and the buyer’s safety. Depending on the age and current condition of your home, the expense of upgrades can vary. The most common problems with building codes are found in electrical wiring, plumbing, windows, […]
Making Space for Self Storage
The Self Storage Boom The closing of retail and department stores is paving the way for new and improved self-storage centers. Many vacant stores are left in malls, which is prime real estate for storage solutions. The cost of converting existing buildings into storage units has decreased since many of the facilities already include a […]
Is it Better to Buy or Rent?
Buying vs. Renting Buying versus renting is the age-old debate when it comes to homes, but is one really better than the other? The answer depends on your lifestyle preferences and financial situation. As a result, there is no right or wrong answer to whether home ownership is better than renting or vice versa. However, […]
5 Mortgage Trends to Watch
Rising Rates The current low mortgage rates are not going to last forever, according to expert economist Lawrence Yun. Due to steadily rising inflation and an increasingly stronger economy, expect to see these rates growing by as early as the end of 2021. By Spring 2022, the current 3% rate on a 30-year fixed mortgage […]