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Inflation's Impact on the Housing Market

Eppraisal

Just as inflation drives up the value of lumber, light bulbs, potatoes, chicken and women's shoes, it boosts home values in the same way. For instance, and for simplicity, if there are 30 identical houses and $600 in circulation, each property would be priced at $20. Proceeds from the sale are that much higher.

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5 Expenses Homeowners Pay That Renters Don't

Zillow

Property taxes. As long as you own a home, you’ll pay property taxes. homeowner pays $2,110 per year in property taxes, meaning they’re a significant - and ongoing - chunk of your budget. It costs an average of $35 per month for every $100,000 of your home's value.

HOA 36
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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

This means that it's harder to know a local neighborhood well before searching for homes. Changing locations may make it feel like committing to a home isn't worth the effort, too. With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle.

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The Complete Guide to Buying a Home After College

Raleigh Realty

Read on to find the complete guide to buying a home as a recent college graduate The Unique Challenges of Being a College Grad When you're young, you could face some disadvantages as a homebuyer. First-time home buyers have many advantages available to them when it comes to first-time home buyer mortgage programs.

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Condo Vs. Townhouse: How Are They Different, And Which Is Right For You?

Quicken Loans

But, these days, an increasing number of home buyers are forgoing the detached, single-family home in favor of the more community-minded style of living that condos and townhouses provide. Townhouses and condos both refer to a type of ownership, meaning you won’t have to pay rent to a landlord.

HOA 64
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The Pros and Cons of Renting Out Your Mother-in-Law Apartment

Zillow

And as long as it doesn't add to the square footage of the home, this type of addition may not even increase the property taxes (though your income taxes will increase). Tally the benefits Immediately and long term, the biggest advantages to owning a property with a secondary unit are financial.

Law 36