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Selling your home? Make sure you’re aware of hidden costs

Housing Wire

To attract potential buyers, sellers have to make sure their home is aesthetically pleasing. Not only does the house need to be clean, but the furniture should match the decor and be arranged in an appealing way. After all, curb appeal is just as attractive to potential buyers as the indoor layout. Staging Costs.

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Should You Buy a Home or Keep Renting? How To Decide in 7 Steps

Realtor

Closing costs are used to pay for items such as appraisals, inspections, and much more. Some costs—such as the down payment, closing costs, home inspection and appraisal—are just the price of admission to homeownership. How important is the freedom to renovate? Hammond , a Chase private-client home lending adviser.

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Should You Buy a Home or Keep Renting? How To Decide in 7 Steps

Realtor

“Closing costs are used to pay for items such as appraisals, inspections, and much more. Watch: Buyers Should Know These Factors That Drive Up a Home’s Price. Watch: Buyers Should Know These Factors That Drive Up a Home’s Price. How important is the freedom to renovate? Can you afford the neighborhood?

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7 Top Tips for a Great Home Appraisal: A Checklist to Prepare Your Property

PennyMac

Home improvements and renovations. This can include anything from the central air system you installed 10 years ago to the kitchen flooring and countertops you just renovated (along with the new oven and fridge to match, of course). Thoroughly inspect safety equipment like smoke alarms, carbon monoxide alarms and home security systems.

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The Pros and Cons of Buying a House

PennyMac

The ability to decorate your walls, or paint them sky blue, and live with a pet without landlord approval makes buying a home attractive, as do the substantial financial benefits such as tax savings and equity building. Buyer builds equity in the home. Property taxes and HOA fees are the buyer’s responsibility.

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Inheriting A House? Here Are Your Options

Quicken Loans

These could range from small, decorative touches that will make the house more competitive on the market to larger projects required to make the space livable. Any decorative or nonessential improvements are at your discretion. But for many heirs, inheriting a house means inheriting all the problems that come with it.

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When Should You Downsize Your Home?

Assurance Financial

If you want to downsize because you’re looking for a different layout for your home or to have different amenities, consider whether it might make more sense to reorganize or renovate your current home. Many homeowners whose needs change often decide to take out a second mortgage to fund their renovations. Simplicity.