Paula Lopes' Blog
Is it better to rent or buy? There is no simple answer to the question, yet it’s something we all ask ourselves at some point in our adult lives.
When you ask yourself this question, you’re not just determining whether it’s more affordable to buy or rent. Rather, you’re answering questions about what your life will look like in the coming years--in terms of both lifestyle and location.
In this article, we’re going to talk about the issue of buying vs renting. We’ll talk about ways you can educate yourself to make the most informed decision possible. After all, whether you’re buying a home or signing a lease, this is a decision that will affect a large amount of your time and dictate at least the next year of your life.
Before you start thinking about mortgages and leases, it’s a good idea to get an idea of the market. Specifically, you’ll want to look at the cost of living for the area you plan on moving to. It may seem like common sense that the cost of apartments and houses will rise and fall at the same rate, but evidence points to the contrary.
Elements that are out of your control could be things like:
Property tax amounts
Inflation and cost of living changes (gas, utilities, etc.)
Stock market variations, which affect your investments
Real estate market changes
Income changes (job change or loss)
As you can see already, these outside influences have the potential to make a huge impact on whether it makes more sense to rent or buy.
Let’s say you decided to rent a home and put the money you would have used for a down payment into an investment fund. You have a good year and earn 5% on your investments. At the same time, the price of homes as gone down significantly in the area you hope to move.
As you can see, in this scenario it would probably make sense to pay rent for a year before buying a home.
Out-of-pocket expenses and equity
One of the biggest advantages of owning a home is that by definition, if you are making sufficient and timely mortgage payments, you are earning equity. Equity can be used later to make a down payment on a larger home, or for selling to use toward retirement funds later in life.
On the other hand, renting is an out-of-pocket cost that comes at a loss. Once you pay rent, there is no getting it back to use later on.
It may seem like buying is the obvious solution, then. However, there are also many out-of-pocket costs for owning a home. Property taxes, insurance, and interest paid to your lender are all things that you can’t recuperate.
Finding out whether it’s cheaper to buy or rent will come down to balancing those factors, and weighing them against the odds of the real estate market.
Although you'd like to sell your residence soon, your home's bathroom remains an eye sore, one that could make it more difficult for you to generate interest in your home in a highly competitive real estate landscape.
Fortunately, we're here to help you simplify the process of generating lots of interest in your residence and accelerating the home selling process.
Here are three tips that you can use to enhance your residence's bathroom, and as a result, boost your chances of a quick home sale.
1. Change Out the Hardware.
Believe it or not, updating bathroom hardware like drawer pulls and faucet handles may make a major difference in the eyes of homebuyers. Plus, changing out the hardware usually requires minimal time and effort, making it a fast, effective way to bolster your bathroom's appearance.
Ultimately, you'll want your bathroom to stand out to homebuyers for all the right reasons. And if you spend some time revamping your bathroom hardware, you can move one step closer to transforming your ordinary bathroom into an exceptional one.
2. Check Out the Lighting.
Does your bathroom feature sufficient lighting? If not, your bathroom may prove to be a liability rather than an asset to homebuyers.
Sconce lighting often represents a wonderful option for bathrooms because it can help brighten up big and small spaces. In fact, sconce lighting may even help you make your bathroom appear larger, as this type of lighting empowers you to illuminate your bathroom like never before.
Furthermore, you may want to consider dim lighting in your bathroom. Dim lighting is ideal for those who want to enjoy a relaxing bath and is yet another feature that may help your house stand out to homebuyers.
3. Install Proper Ventilation.
Without the proper bathroom ventilation, mold and mildew can cause severe damage. However, those who dedicate the necessary time and resources to install new bathroom ventilation or repair their existing ventilation can avoid long-lasting problems.
Measure the square footage of your bathroom before you install a new vent fan. By doing so, you'll be able to find a vent fan that can help you minimize mold and mildew consistently.
Also, when in doubt, be sure to consult with a plumber. This professional will be able to evaluate your bathroom's current vent fan, determine if a new one is needed and act accordingly.
Updating your bathroom may seem like a substantial investment, particularly for home sellers who lack extensive time and resources. Lucky for you, real estate agents are available who can help you establish home selling priorities and ensure you can revamp your residence to make it an attractive option for homebuyers.
A real estate agent understands the ins and outs of the housing market and will help you prepare your home. In addition, this professional will outline a strategy for improving your home's interior and exterior, ensuring your house will dazzle homebuyers any time they visit.
Bathroom improvements may help you differentiate your home from others on the real estate market. And with a real estate agent at your disposal, you'll be better equipped to optimize the value of your residence and accelerate the home selling process as well.
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When you move into a house, the aisles of paint at the hardware store can seem awfully overwhelming. How will you ever choose a color for each area of your home? Adding color to a home is part of what will make it your own. One of the last things that you may think of is the color of your front door. Instead of painting the entire exterior of your home, it might be a good idea to look at your front door.
It’s not a sin to think outside of the box when it comes to the color of your front door. Why not let your house stand out from the crowd? There’s many different colors that pop out and make great additions to any front door. We’ll break down some of the great possibilities for your front door here.
Red is a great color because it goes well with many neutral tones. It brings a bit of life to a sometimes rather bland exterior color of the home. You can put a red door on a home that is a shade of tan, gray, or even white. Keep in mind that there’s also many different shades of red for you to choose from that allow you to find the tone and feel that works for you.
Yellow Or Orange
You can certainly welcome visitors with a touch of cheeriness right at your front door. Yellow brings a certain kind of warmth to the entrance of your home. Yellow goes well with white, grays, tans, even brick and stone exteriors.
Orange needs to be used carefully. With the right tones surrounding it, you can make use of orange on your front door to make your home a bit more welcoming. Shades of orange work well with grays, blues, greens, and white exteriors.
Earthy Tones: Green And Blue
Green and blue are great colors to help your home stand out from the crowd and provide a touch of style and warmth right at the front door. There are so many shades of green to choose from. You can go with a light green such as mint or lime. You can also choose a darker shade of green like olive or avocado.
Green shades on a door pair well with whites, browns, tans, stone, cream, grays, and even shades of blue.
Blue is often a color that we use more indoors. There’s so many different shades of blue that are available. Blue doors pair well with an exterior that is gray, white, tan, stone, brick, or gray.
You can really use the front door of your home as an element of surprise. When you think of what colors go together, it’s hard to go wrong with a bold front door.