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3 DIY Home Improvement Projects You Can Complete Before Thanksgiving

It’s the time of year when many people are making their holiday plans: booking travel, making shopping lists, and getting their home ready for guests. Hiring a house cleaner, having the carpets steamed, and buying new furniture ahead of the holiday season are all common, but what about completely updating a room (or two)? It’s easy to think that home improvement projects are too expensive or will take several weeks or even months to complete. However, there are several simple, affordable do-it-yourself projects that can be completed in a weekend to give outdated rooms a fresh new look — in plenty of time to host holiday guests.  Refinish Kitchen Cabinets The Easy Way Painting cabinets is an excellent way to totally transform a kitchen. This...

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How To Stage A House For A Faster Sale At A Higher Price

“Staging” a house means to prepare it for sale in ways that make it more attractive to potential buyers. Homeowners can do much of this staging work themselves and should get suggestions from their real estate agent. They can also hire a professional to do the staging work for them. Value-Added Staging A study of 4,200 sold homes, conducted by Home Staging Resource (HSR), found that 85% of the staged homes sold for 6% to 25% more than a home that was not staged. Forbes reports that 95% of staged homes sell in 11 days or less. This is 87% faster when compared to the time it takes, on average, to sell a home that is not staged. An average home sells for 10% to...

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The Most Popular Cities For Relocating To Get A Better Deal On A Home

Many people are looking to buy homes, not across the street, not somewhere else in town, but in other parts of the country. The motivator for this is that there are significant differences in the median prices for home sales in different parts of America. This is not a result of the places being undesirable. Many of the places with excellent values in home prices are very desirable. In these nice cities, the lower prices are more about the local economy, the cost of living, and the availability of homes for sale. Popular Cities For Relocation A study done by REALTOR® identified the most popular cities that people search for when looking for a new home in another area that is different from where they...

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New FHA Financing Available For Condo Buyers That Has A Low Down Payment

Condominium owners and buyers have previously been at a disadvantage when trying to use the Federal Housing Authority (FHA) support to get a home mortgage. Single-family homes could get better FHA mortgage deals than condominiums. In October 2019, this changes. New FHA Condominium Financing As of October 15, 2019, FHA loan availability is extended to condominium buyers. This is important news for first-time buyers who frequently purchase a condominium. First-time buyers appreciate FHA loans because they only require a very modest 3.5% down payment. FHA loans were strongly curtailed after the real estate market collapse in 2008. Since 2009, most condos did not qualify for FHA loans. The problem was that FHA loans require mortgage insurance and this insurance was only available for about 6.5%...

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What’s Ahead For Mortgage Rates This Week – October 7th, 2019

Last week’s economic news included readings on construction spending, and labor reports on public and private sector jobs and the national unemployment rate. Weekly reports on new jobless claims and mortgage rates were also released. Construction Spending Ticks Up in August Commerce Department reporting on construction spending showed 0.10 percent growth in August as compared to a revised flat reading for July. Construction spending hit a seasonally-adjusted annual rate of  $1.29 trillion for August.  Analysts expected 0.40 percent growth, which was based on the original July reading of 0.10 percent growth. Residential construction spending rose 0.90 percent in August ; public construction spending rose 0.40 percent for the month. Factors impacting residential construction spending include rising costs of building materials, winter weather conditions and mortgage...

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Top Tips For Having A Home That Is Also Your Office

Telecommuting has significantly changed the housing market. More people than ever before are working from home. Younger people are especially likely to do this and become part of what is called the “gig” economy. Many are working as freelancers or starting online businesses. Advantages Of Working From Home There are many advantages to working at home. It is less stressful. There is no commute. This saves money and is better for the environment. There may be lower income taxes because currently, the IRS allows a tax deduction of the expense of a home office.  Homeworkers find clients online. They also can work from anywhere that has an Internet connection. There may be an opportunity to have a working vacation and keep their online presence going....

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