There are many differences between the comfort of a simple dorm room space and an off-campus rental unit. The most obvious difference is responsibility. Moving to off-campus housing requires a great deal more responsibility in dealing with the month to month tasks of paying bills, cleaning the bathroom, mowing the yard (if you have one), and many others day to day tasks. With that added responsibility, however, comes independence and freedom, no more visiting hour rules and you can play music all night long if you want.
When you find an apartment you love, you must make sure it is something you can afford. There is no worse feeling than looking for an apartment, finding an amazing place and then realizing you cannot afford it.
So before you even begin your search make sure you get your finances in order and make a budget so that you know exactly what you can afford before you sign on that dotted line.
Buying a home as a contract or freelance gig worker can be challenging. There are more and more people these days who rely on freelance work combined with part-time jobs to make ends meet. These types of incomes are not something that most lenders have historically had to consider when it comes to giving people large sums of money to buy a home.
It does not matter where you live whether it be in suburban areas, a city or small town; nor does it matter if you are looking to live in a single-family house, townhome, condo, or an apartment there is always a commitment of time searching online or driving around finding the right place to call home. How do you know what to look for in a rental listing?
Buying a home is not an easy task, and it is very easy to make a mistake or miss a step. For first time home buyers, it is very easy to make mistakes when buying a home. Doing just a little bit of research before buying a home can help to avoid many of the pitfalls and blunders that befall many people when they set out to be homeowners. Know what mistakes to avoid when buying a home can mean the difference between prosperity and possible ruin.
Which are the most affordable cities for renters? It would have been easy to just look at the lowest average rent payments and called it a day but we decided to take a deep look at over fifty of the largest cities in the US and scored them based on a number of factors including population, quality of life, affordability, unemployment, average income and many other factors . After all our hard work and research we are happy to share our findings for the most affordable cities for renters in the United States. These cities may not be the lowest rent, but they are the most affordable when considering a number of key factors.
Finding the right home to buy is not as easy as it seems. There are plenty of decisions to make far before ever beginning to look at homes for sale, and there are many factors that go into deciding to buy one home over another. Here are some home searching tips to help narrow down and pinpoint the right type of home to buy and at the right price.
Few things in life are better than getting your entire security deposit back in your pocket. Okay maybe that’s stretching it a little bit, it may seem like a near-impossible task to get back the entire amount of your security deposit on a rental unit, but it can be done. That deposit cash belongs to you; it is yours so you should be able to recoup most, if not all, of that money back into your wallet.
The Federal Reserve has raised the prime interest rate for the second time this year alone and the seventh time in the past two years. Not only is this the second rate increase this year already, but the Fed is also expected to raise the rate at least two more times before 2019. After meeting for two days, the Federal Open Market Committee held a vote for the increase its benchmark fed rate. This is the sixth rate increase in three years and moves the central bank further away from fiscal policies which helped America regain some momentum in the markets to recover from the recession a decade earlier. This rate increase comes on the heels of a strong economic outlook and the expected rise in GDP.
Saving up enough money to buy a home can be challenging for most anyone, but that burden is particularly heavy for first-time homebuyers. Just coming up with the whopping twenty percent down payment. Over half of Americans do not even have one thousand dollars in savings much less fifty to eighty thousand lying around for a down payment.
The good news is you may not necessarily need the full twenty percent down if you are a first-time homebuyer. The average down payment is more around eleven percent, and among buyers under the age of thirty-five, it is even lower at around eight percent. However, even at eight percent in some areas like Los Angeles, San Francisco, or New York City eight percent is can still hover around forty to fifty thousand dollars.