For many people, their home is their largest asset and their best performing investment. The equity in a home is the difference in what it is worth and what is owed. Two dynamics, appreciation and unpaid balance, work in concert to make homeowner’s equity grow. It can be said that you appreciate the fact that […]
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What It’s Like Living in Burke, VA: 8 Things to Consider
(Photo by Farah from Burst) If you’re considering relocating, learning about what it’s like living in Burke, VA is a great place to start. Burke consistently ranks as one of Virginia’s best places to live, raise a family, and buy a house. This extremely popular suburb is located in Fairfax County, the 3rd wealthiest county […]
Doing Nothing is Costing Something
It has been said that more money has been lost due to indecisions than ever was due to making the wrong decisions. Many times, the larger the decision, the more likely procrastination comes into play and doing nothing will cost something. Buying a home is certainly one of the biggest decisions people make. Careful consideration […]
Your Yard Can Help Save the Planet
(Photo by Ryan Bruce from Burst) When you think about buying a home, you know that your home and yard are going to be a haven. But they are more than just a family escape; they are an integral part of the community and the greater ecosystem around you. In fact, your yard can help […]
How the End of the Foreclosure Moratorium May Affect You
(Photo by Matthew Henry from Burst) The pandemic affected everyone in different ways, but one of the biggest assistances offered over the last year was that the CDC, federal and state governments issued eviction and foreclosure moratoriums to buy time and prevent tenants and homeowners from losing their homes and shelters. The policy for renters, […]
Property Inheritance
Stepped-up basis is an incredible benefit to people who inherit property. Not only do they receive the property itself, the basis or cost value of the property becomes the fair market value at the time of the decedent’s death. This avoids recognizing the gain between the decedent’s cost and what it is worth when it […]
Less to Own than to Rent
The question is “financially speaking, are you better off owning than renting in the long term?” Renting a home has advantages. It is usually a short-term commitment from year to year and the landlord is responsible for the repairs. Owning a home with today’s low mortgage rates, the total house payment could easily be less […]
Are You Covered?
A home warranty is a service contract that protects your home’s appliances and some systems from repairs or possible replacements. A convenient benefit of a home warranty is that when you report an item, they will assign a service provider to evaluate whether it should be repaired or replaced without the owner having to act […]
