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Making Sense of Home Improvements: What Adds Value?

Before diving into renovation projects, it’s important to understand which upgrades are likely to boost your home’s value and which ones may not yield a significant return on investment. While certain improvements can enhance your home’s appeal and attract potential buyers, others may fall short of expectations. It’s prudent to explore examples of home improvements that have the potential to…

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Bridging Wealth Gaps: Homeownership's Stand Against Inflation

When exploring the benefits of homeownership, it’s more than just having a place to call your own. Among its many advantages, homeownership stands as a formidable safeguard against inflation and a strong vehicle for long-term wealth accumulation. This article will delve into the dynamics of appreciation and amortization, explaining why owning a home can be one of the most impactful financial…

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Keep more profits from home sales

In recent years, home values have soared, presenting an opportunity for homeowners with substantial equity to consider a unique tax benefit. Section 121 in the IRS code allows for homeowners who meet certain requirements to exclude up to $5000,000 of capital gain on the sale of their principal residence. Single or married taxpayers filing separately can exclude up to $250,0000 of capital gain.…

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Smart Home Tech: Is It Real Property or Personal Belongings in a Home Sale?

Many of today’s homeowners have accumulated multiple high-tech "smart" devices to make their home more convenient, economical, and fun to operate. When they decide to sell the home, they need to make the listing agent completely aware of whether they will be included in the sale of the home. Some of these things easily meet the definition of real property because they are permanently installed…

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Leverage your home's equity into rental property

There can be many reasons homeowners aspire to have their home paid for. They can include no mortgage payments, financial security, debt reduction, lower expenses, retirement planning, financial freedom, legacy planning, no risk of foreclosure, and reduced stress, just to name a few. All those things have a cost attached to them which is the loss of the earning power which is tied up in an asset…

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Double Shot Tuesday

1617 Braken…SOLD

1340 Birch A13…SOLD

#gotrobino

#delaware

#realtor

#netde

#doubleshottuesday

#gotrobino

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Adapting to Life's New Chapters

All of us encounter major life events and they have the possibility of disrupting our lives temporarily, if not permanently. The homes we live in may have met our needs originally but due to a change in our life, it may no longer be adequate or the best fit for us, which will require a move. The decision to change one’s living situation often comes as a response to these pivotal moments, and the…

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House-Hacking your way to multi-unit rentals

House-hacking refers to buying a multifamily property on an owner-occupied mortgage, living in one unit and renting the others. If you’re thinking about becoming a rental mogul, starting early is an advantage. Not only will you have longer to accumulate a larger portfolio, but you can also increase the leverage on the first owner-occupied acquisitions. Leverage is the use of other people’s money…

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The relationship between homeownership and net worth

During the span between 2019 and 2022, the COVID-19 pandemic significantly disrupted both society and economic activities. Nevertheless, the latest Survey of Consumer Finance, which has recently been unveiled, highlights widespread enhancements in the financial well-being of American families during this timeframe, especially concerning their net worth. The median net worth of homeowners…

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Understanding Credit Life Insurance for Home Buyers

Credit life insurance is a specialized type of insurance designed to provide financial protection for borrowers and their families in the event of the borrower’s untimely death. This insurance is often associated with loans, including mortgages, and is specifically tied to the outstanding balance of the loan. In the case of a home purchase, credit life insurance will cover the remaining mortgage…

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Discover how to make a difference in your neighborhood

Whether you’re a seasoned homeowner or just starting this thrilling chapter, every time you turn your key, you’re not just entering a house but also embedding yourself in a neighborhood. The heartbeat of a vibrant community doesn’t solely rest upon pristine lawns or architectural beauty, but predominantly on its residents � wonderful folks like you! Consider these suggestions to enjoy your new…

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How Home Value Growth Beats Renting

Over the last 60 years, the average sales price of homes has appreciated at a rate of 5.56% annually, according to the Federal Reserve Economic Data. During the same period, rent has increased at a rate of 3.88% annually which presents a compelling argument in favor of homeownership. When we analyze these figures, it becomes evident that homes have not only appreciated in value at a faster rate…

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Bridging Wealth Gaps: Homeownership's Stand Against Inflation

When exploring the benefits of homeownership, it’s more than just having a place to call your own. Among its many advantages, homeownership stands as a formidable safeguard against inflation and a strong vehicle for long-term wealth accumulation. This article will delve into the dynamics of appreciation and amortization, explaining why owning a home can be one of the most impactful financial…

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Access "Trapped Equity" without Refinancing

American homeowners have a record amount of equity in their home. Many of these homeowners would like to cash out part of that equity but don’t want to trade an historically low interest rate for one that is as high as it’s been in 20 years. Instead of refinancing their home, an option is to get a fixed-rate second-lien. This is different than a HELOC, home equity line of credit, which gives you…

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Navigating Closing Costs During Your Home Sale

Buying or selling a house is an exciting and sometimes confusing experience that includes expenses called "closing costs" that can often catch us by surprise. Closing costs are simply the fees and expenses incurred by buyers and sellers during a real estate transaction’s closing or settlement process. Typical closing costs can vary depending on what is customary in an area, the mortgage type,…

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Tap into your home equity five ways

Your home is not just a place to live; it’s a valuable asset that can serve as a financial resource when you need it most. One of the significant advantages of homeownership is the opportunity to build equity over time, which can be accessed in various ways to fund life’s important milestones or unexpected expenses. Whether you’re looking to undertake a home improvement project, consolidate debt,…

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Why you should check the claim history on the home before you make an offer

Buying a home is a big decision, and there are a lot of things to consider. One important factor to consider is the home’s claim history. A home’s claim history can tell you a lot about the property, including its potential risks and liabilities. To identify potential risks because a home with a history of claims may be more likely to experience future claims. This could be due to the location of…

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