Considerations When Building A Fence After You Move

July 27, 2021
Considerations When Building A Fence After You Move

Considerations When Building A Fence After You Move, If you’re moving to a new home, you may want to repair or replace your fence. What are your responsibilities, laws, and fence etiquette when it comes to your neighborly responsibilities and fence etiquette?

When You Move, Secure the Perimeter by Fencing Your New Home

The threshold of the land boundary is the first thing you cross when you relocate to a new property. The invisible line that demarcates what piece of land you own, legally separating it from the property next door and what land is open to the public.

The concept of building your home with a fence is centuries old; you may not need to dig a moat or build a drawbridge, but securing your land with a border fence sends a strong message to the outside world that you should only enter by invitation or “at your own risk.”

Fence Etiquette To Conssider

Fence etiquette, believe it or not, exists! Even if you plan on erecting a fence around your property within the confines of the law, there are things that aren’t necessarily specified in the law that could irritate your neighbors if you proceed without their consent. You may need to consider influences such as history, aesthetics, environment, corporate neighborhood management, or design, depending on your neighborhood and the tone of where you live.

Finally, if the fence is created within your property’s limit and you meet the requirements, you have the right to build whatever style of fence you like. It all comes down to consultation and being willing to modify your views if someone truly dislikes the plan– else, things could go nasty!

Also Read: What Is the Legal Description of Property?

Considerations When Building A Fence After You Move,

Some things to think about when it comes to fence etiquette:

Don’t Undervalue the Price of Fencing

There are many different types of fences and materials to choose from to construct the boundary you desire. However, your budget and needs will ultimately determine what you choose. If your property is large, you will require more fencing, materials, and labor to accomplish the project. If you install a simple wire fence instead of a full brick fence with a retaining wall and elaborate Victorian-era style wrought iron gates with a smart open feature and smart home security, for example, you will save money.

Brick, stone, wood, Colorbond steel, corrugated iron, concrete, PVC/vinyl, glass, and wrought iron are all options. Depending on your selected design, your fence can be made of a variety of materials. If you’re like arts and crafts, you can even upcycle old materials. Plan your fence to withstand strong sunlight and heat, mold and mildew, traffic, pollutants, floods, landslides, and other local environmental variables. Do you live in a coastal suburb? There’s a chance you’ll have to deal with salt spray and rust.

Also Read: How To Handle Property Line Issues?

Make sure your fencing contractor is licensed and insured, as substandard construction can lead to a fence’s early demise. The average cost of building a fence is varied greatly based on the requirement and the materials used. It’s usually calculated by the meter, but the rate might take into account a variety of factors to enhance or decrease the installation’s complexity.

Fencing costs can include the following:

To create the foundation of any quotations, your potential contractor should come to the property for a preliminary examination.

Although the New Place You’ve Relocated to Has a Fence

If you’ve moved into a home with an existing fence, inspect it for flaws such as unstable posts, weak palings, inadequate foundations, rot, cracking, movement, rust, termites, and so on. If possible, repairing your fence rather than building a new one will save you money in the long run.

Maintaining your and your family’s safety

The barrier was built with one goal in mind: to keep people safe while keeping them out. The fence was the greatest emblem of riches and power in medieval times. If you fenced your community, you were erecting a barrier against potential enemies and declaring your willingness to battle to defend what you had built. Our fences are the last line of defense against the “outside,” but they are also a powerful barrier against burglary and home invasion.

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How Much Does a 4 Bedroom House Moving Cost?

July 23, 2021
How Much Does a 4 Bedroom House Moving Cost?

How Much Does a 4 Bedroom House Moving Cost? Moving from one location to another is one of the most important decisions we make in our life. After all, getting out of your comfort zone and giving life a new start isn’t always simple. When we finally work up the confidence to move, the first thing that comes to mind is the cost of moving.

The price of a move is influenced by a number of factors, including whether you are moving to a different country, state, or city.

Because every relocation is different, there are no fixed costs in a moving program. If you’re considering a cross-country move or residential moving but are worried about the cost, keep reading to learn more about the elements that influence the ultimate cost of your move.

What Is the Expense of Starting a Cross-Country Move?

There are three ways to start a cross-country relocation. You may either rent a truck or utilize a do for your container, or simply hire a professional mover to take care of everything for you.

Renting a truck or trailer for a move of up to 1500 miles might cost roughly $3000 if you own a fairly furnished home. If you go with done for your containers, it might cost you roughly $4500 for a similar moving package.

If you opt to delegate the burden, professional movers can provide you with a detailed estimate of your whole moving strategy.

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4 Bedroom House Moving

The Cost of a Do-It-Yourself Move

Take a step forward if you are sure of your ability to plan and execute your full move. You may find that renting a truck or trailer is a more cost-effective option than using a moving container.

If your contents list is short and none of them require particular attention, you can simply proceed with a do-it-yourself moving plan; however, if you have a large number of goods that require special attention, you should hire a professional mover.

If you manage everything yourself, taking on the whole responsibility for a cross-country move can give you restless nights. Even a minor blunder can jeopardize or derail the entire strategy.

Using a professional mover, on the other hand, can provide you with complete peace of mind because they will handle everything during your move.

How Much Does It Cost to Hire Movers?

A professional mover would typically charge roughly $7,500 depending on the size of your home and valuables. These fees may increase if you are transferring a four-bedroom home or decrease if you are moving to a two-bedroom home.

Your entire relocation operation is skilfully streamlined by professional movers. The majority of moving checklists and planning tools. Some moving companies additionally provide valuable items protection while in transit. Some even have storage choices so you don’t have to worry about clutter when you’re unloading.

Although professional movers are more expensive than alternative means of relocating, the peace of mind that comes with hiring them outweighs the financial cost.

Wrapping Up

Now that you have a better understanding of the various options and a reasonable estimate of the cost of a moving program, you can plan out your move to make it as simple as possible.

Still Confuse About The Moving Process?

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Safest and Quickest Way to Unload Your Moving Truck

April 9, 2021
Safest and Quickest Way to Unload Your Moving Truck

It’s like getting ready for a date when it comes to loading your moving truck. All has to be perfect. Unloading, on the other hand, is a lot like that; take all off, throw it on the floor, and go swim with your date, right?

Both yes and no. Unloading a moving truck is certainly simpler than loading one, but there are good and bad ways to do it, just like there are good and bad ways to jump in a tub.

Here are some safety tips so you can not only complete the job correctly but also have plenty of time for the after-party.

How to Unload Quickly and Safely

Get off to a slow start

That’s right! Even if nothing seems to be on the verge of collapsing, you should proceed with caution when unloading your belongings.

In transit, your belongings will move and settle

The bicycle pedal for example, carefully put on top of all those boxes might now be trapped between two of those cartons, and pulling too hard to free your bike may send a whole stack of stuff crashing down on top of you.

Remember that if your truck is full, you won’t have much space in the back for your feet. Please take your time. Keep an eye on your move. Take your time getting the first things off the truck, keeping an eye on how close your foot are to the deck’s edge. If you make a mistake, all of your belongings will be lost.

Assign an person to be in charge of the ramp

If you have someone, appoint one person to stay on the truck to break down the load and place it at the edge of the deck so the others can catch it without having to climb into the truck.

This not only saves time, but it also prevents a lot of bending.

Working like this, the driver of the truck is still one step ahead of the others. This is a good time for that person to appoint someone to assist them in transporting the chair or cabinet from the truck to their home. Jumping off the truck and assisting in the transfer of all the items from the deck to the house is another obvious way to keep the process moving.

Taking on the unloading on your own? Try to act in a similar manner. As you dismantle your load, try to place as many boxes and other things along the deck’s edge as possible. You’ll be able to make a lot of trips back and forth without having to walk up and down the ramp every time, saving your legs and back.

Also Read: Things You Need to Do Before Moving to your New Home

Assemble a box brigade

Continuing from above, whether you have two or more people to assist you with unloading:

The person driving the truck will begin to pull ahead of the person carrying supplies to the staging area, who will, in turn, pull ahead of the person running back and forth inside the building. Jumping off the truck or stepping inside to assist a friend keeps you moving – and speeds up the process of emptying the truck or portable container.

Make use of a dolly

A hand truck (also known as a dolly) is your best non-human companion when unloading your moving truck.

Rolling large items eliminates the need to lift them. When you roll a stack of boxes, you just have to make one trip instead of three or four! The larger your load and the heavier your belongings, the more you’ll appreciate getting the hand truck on hand. If your moving truck doesn’t come with one or if you don’t hire a moving company or helper, it’s a must-have thing to rent.

Also Read: What to Consider Before Renting a Moving Truck

By the way, make sure you’re using the hand truck correctly. When rolling things down the slope, you should still be higher than the dolly. Get an extra pair of hands on the lower end if you’re hand-trucking something big and/or heavy to keep it going steadily—and slowly!

Before it gets off the truck, make sure it is in the right place

When unloading big appliances and huge pieces of furniture – or anything else for that matter – it goes without saying that you want to double-check that neither your feet nor the wheels of your hand truck skip the ramp.

But your hand truck should still strike the ramp squarely; if one wheel begins going downhill before another one, your hand truck will begin to tip to one side. Your buddy on the bottom end will instinctively try to keep it steady, which could cause one of his feet to fly off the side of the ramp, and things will only get worse after this.

Before you head for the ramp, get focused on the back of the truck, whether you’re rolling or pulling the big heavy appliance or piece of furniture.

When you use a dolly, the wheels come down before you. If you’re bringing the item with a friend, whoever has the bottom end must go down first. In either case, the person on the lower end is in charge of keeping the line of forward progress straight.

Before you head for the ramp, get focused on the back of the truck, whether you’re rolling or pulling the big heavy appliance or piece of furniture.

When you use a dolly, the wheels come down before you. If you’re bringing the item with a friend, whoever has the bottom end must go down first. In either case, the person on the lower end is in charge of keeping the line of forwarding progress straight.

Safest and Quickest Way to Unload Your Moving Truck

How to Get Ready for Unloading

Place truck on a level, flat surface

You should expect a portable container, such as a PODS, to be park on level ground if you rent one. To make unloading both safer and easier, park in a similar level location. Point the front of your truck downhill if you would park on a sloped surfaced.

Safest and Quickest Way to Unload Your Moving Truck

Use the emergency brake system

Even if you park on a level surface, this is so. It’s also a good idea to place chocks – or rocks or wood blocks – underneath one or more of the wheels.

Slowly open the back of the truck

Your belongings would have moved in transit, and the risk of something falling out on the ground or on you is very real. You can feel and/or hear something pressing against the door when you open it if something is about to fall out. However, this is not always the case. Keep your eyes peeled and a second pair of hands at the ready.

Ramps are prone to slipping out, so be cautious

A loading ramp that slides out from under the back door is usually included with rental trucks. It’s as easy as unlatching it, sliding it out, and locking it in place. If you’re not careful, you can even injure yourself.

That’s a big ramp! And yanking on it too hard can transform it into a battering ram, with you as the victim. Set it down on something other than your toes after you’ve eased it out all the way. Even, don’t forget to lock those hooks at the top of the ramp!

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House Hunting Tips for Moving Out of State

April 8, 2021
House Hunting Tips for Moving Out of State

Purchasing a new home that is far away from your current one is a major life decision because it entails a significant financial investment. Having a new home where you can make new friends and start over is also an exciting and adventurous experience. Buying a new home far away from your current location, on the other hand, can be a rather stressful endeavor. It is associated with a great deal of mental and emotional strain. From deciding on the best place to relocate to, to finding the right realtor, buying within your budget, and finally planning your relocation, we’ve got you covered.

Here are a few pointers to help you with your home search.

Make a Budget

When buying a new house, you must know how much money you have set aside for the purchase and relocation. You must be able to calculate the true cost of the house as well as the costs that would be incurred. Figure out how much it would cost to buy a new home, hire a real estate agent, hire a relocation specialist to help you move out, homeowner’s insurance, property taxes and utilities, house repairs, transportation, food, and other costs.

If possible, you will need to consider a mortgage loan from a bank or another mortgage institution willing to lend you the money you need to buy the house. However, working within your budget is recommended to stop accumulating debts that could lead to the loss of your home in the long run. If you don’t have the money right away, you might pay in installments. The first step in buying a new home should be to create a budget.

Also Read: Things You Should Know About Your House Down Payment

Inspection of the house is needed

Before purchasing a home, you can pay a visit to the property to inspect it thoroughly. Even with the aid of a good realtor and a virtual tour, a visit to the house and inspection are needed. It’s typically a good idea to get a sense of how your life will be after you’ve moved into your new home. You can also hire a specialist to inspect the property. A good inspector will look over the whole house and give you professional advice about whether you can buy it or not. This will save you from making the wrong decision and having to live in a house that isn’t your dream home.

Also Read: Hidden Expenses When Purchasing A Home

Find the best real estate agent

One of the most important things to do when relocating and purchasing a new home is to find a decent and trustworthy realtor. You should be able to choose a realtor with whom you are comfortable working. Find a realtor with sufficient experience. Someone who is familiar with the housing market and the area in which you will be relocating. You should be able to reach out to the realtor at any time to speak with them.

House Hunting Tips for Moving Out of State

Often ask for recommendations from other homeowners when choosing a realtor. A referral is valuable because it ensures that you are dealing with the right people. If you don’t know someone in the new area who can recommend a realtor, look for an online forum for that area and connect with people there. You may also study the realtor online or via a real estate firm to see if they are reliable and trustworthy.

Take a virtual tour of your house

As a result of the pandemic, consumers are turning to the internet to find a new home. They can conveniently go to a real estate website with a virtual house search and find an up-to-date listing of houses in the area they want. They can even take a virtual tour of the house they want to buy. This is advantageous because you would not have to drive to inspect the property. If you have a busy schedule, a virtual tour can be beneficial.

Your family and work

Your new house should be large enough to fit your whole family. However, keep in mind that you must always work within your budget. If you are single, a one-bedroom apartment is an option. You can get a two-bedroom apartment if you are newly married. You can also get an apartment that can fit both you and your guests if you are a couple who does not want to have children.

When you have a cat, you should think about a pet home, the school your children will attend, and accessibility features for an elderly person if you have one living with you, as well as other family members. If you are not working remotely, remember the distance between your home and your workplace. And if you work from home, you’ll need a home that can serve as both an office and a home.

Find out more about the new location

Knowing your current city or location will go a long way toward assisting you in making the best decision when relocating to your new home. Visiting the new city and getting to know the area. It is important to relocate to a secure area. Check to see if the area is notorious for illegal activity or any other undesirable behaviors. Also, see if you’ll feel at ease in your new surroundings. It’s best to think about how people can communicate in the new place.

Some cities have a reputation for being people-friendly, laid-back, aggressive, and so on. You must be aware of the environment that best suits your way of life. You can also learn about the transit options available in the new city so that you can prepare your budget accordingly when you relocate. Consider other options, such as hotels, grocery stores, and art galleries.

Also Read: Tips on How to Find The Right Neighborhood

Be open-minded

Finally, keep an open mind when making your decision. Flexibility is crucial. Although you may have a general understanding of the type of home and community you want to live in, you may find that there are other choices.

Are you considering relocating to another state? Wowmover will assist you in securely transporting yourself and your belongings to your new location. If you want a free quote for your long-distance move,

Call us today to set up an appointment!

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Things You Should Know About Your House Down Payment

April 7, 2021
Things You Should Know About Your House Down Payment

When someone says they’re saving for a house, what they actually mean is that they’re saving for a mortgage down payment. It’s unusual for anyone to show up with the full value of a property in cash, though it may be more common in today’s frantic real-estate market.

A down payment is a significant sum of money that you will put into the purchase of your new home, in which you will make monthly payments on a mortgage loan to pay off the remainder. Before you buy the property outright, it may take twenty or thirty years, or even longer.

For many people, the down payment is the most significant impediment to homeownership. Monthly mortgage payments may be the same as — or even less than — what someone would pay in house rent in the same neighborhood. However, in order to get to that point, a potential homebuyer must first have the required down payment, which may be as much as $30,000 or more in the bank.

Don’t give up! Here’s what you need to hear before making a down payment.

A lower down payment means paying private mortgage insurance

If you can’t afford a 20% down payment, your lender would almost certainly require you to pay Private Mortgage Insurance (PMI). This is because your bank or lender views a loan with less than a 20% down payment as a riskier loan that requires protection in the event you default on your payments.

Things You Should Know About Your House Down Payment - mortgage

PMIs range between 0.5 percent and 1% of the mortgage amount (annually) and these fees are included in the monthly mortgage payments. When you have 80 percent equity in your house, you can stop paying PMI.

A down payment of less than 20% is possible when purchasing a house

There are definite benefits to putting down a 20% down payment, but it is by no means needed. The average down payment on a home has been between 5% and 7% in the last five years.

Keep in mind, though, that the type of loan you choose will affect how much you put down (and the length of the loan). A traditional loan, for example, requires a minimum of 3% down payment and is either 15 or 30 years long. A 3.5 percent down payment is needed for an FHA (Federal Housing Administration) loan.

A lower down payment allows you to purchase a house faster and save money for other expenses such as renovations and home improvements.

However, a lower down payment increases the monthly mortgage payments, and you’ll almost certainly need to include private mortgage insurance.

The more money you put down on a house, the lower your interest rate will be

It’s simple: if you borrow less, you’ll have less debt to repay and can pay less in net interest. When the loan-to-value (LTV) ratio is lower, mortgage lenders and banks normally give better interest rates. Before approving you for a home loan, banks use your loan-to-value ratio (expressed as a percentage) to determine how risky you are.

A higher down payment also raises your home equity, which is the value of your home that you haven’t lent against and will use to refinance at a lower interest rate.

Also Read: What Is the Legal Description of Property?

Don’t use up any of your money to pay for your down payment

Sure, you’ve been diligently saving for your down payment, but keep in mind that a bank will not grant you a mortgage until you have a certain amount of money in your bank account.

Banks and lenders would want you to be able to make your monthly payments for at least the first two to three months, often known as a cash reserve requirement. You’ll need to show that you have liquid assets in your checking or savings accounts, your bank can also accept money kept in the form of stocks, shares, 401(k)s, and other financial instruments. If your monthly mortgage payment is $2000, your lender would expect you to have at least $4000 on hand.

Bear in mind that you’ll have to make more than just your monthly mortgage payments. There are also closing expenses, such as title insurance, renters insurance, and a home inspection. Your closing costs will vary between 2% and 5% of your purchase price. So, if you purchase a house for $500,000, the closing costs could be between $10,000 and $20,000.

FYI: If you’ve been saving for a down payment but are having trouble making it happen, a down payment assistance program such as an FHA or VA loan might be able to help. These services provide support from government agencies, nonprofits, and labor unions that can be used as loans before you move in, or even as grants that you don’t have to pay back. Homeownership may seem to be out of reach financially, but it may be closer than you think.

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Hidden Expenses When Purchasing A Home

March 19, 2021
Hidden Expenses When Purchasing A Home

The process of looking for and buying a new home can be both exciting and nerve-racking. If this is your first time purchasing a home, those emotions may be amplified. You’ll want to make sure you have everything you need so that you can deal with any situation that may arise. This is why you should be aware that the list price of the home you’ve chosen is not the total amount you’ll pay. There are a few hidden costs to be aware of before signing the paperwork. Knowing those costs ahead of time will make it easier to be excited on closing day.

Here are a few things to keep in mind:

Repairs and maintenance

One of the most significant advantages of living in a rental property is that if something breaks or malfunctions, you simply contact your landlord. They will also handle landscaping tasks such as snow removal and lawn cleanup. When purchasing a new home, it is always a good idea to have a home inspection performed. You’ll have a better idea of what you’re getting yourself into this way. You may also want to set aside money for maintenance and repairs, which are unavoidable when you own your own home.

Increased Utility Bills

Every house is unique. The cost of utilities varies depending on the size of the home, its location, and the types of utilities it requires. The average home spends about $111 per month on electricity. When compared to a two-bedroom apartment that costs $30 to $50 per month, this can quickly add up. It goes without saying that the larger your living space, the higher your energy bills will be. When you’re in the process of buying a new home, it’s easy to overlook this detail. But don’t let that stop you from being excited. Simply take this into account when calculating your overall budget.

Closing Fees

Most of us have heard of closing costs, but what exactly are they? These fees can include a variety of items and vary from home to home. Closing costs, for the most part, refer to lender fees, a down payment on home insurance, miscellaneous taxes, and title insurance. These are the most common causes of closing costs, but they may vary depending on your specific situation. In general, closing costs will range between 2% and 5% of the home’s value.

Hidden Expenses When Purchasing A Home

Mortgage Loan Interest

Mortgage companies will not lend you money unless they take their own safety precautions. They will charge you interest in order to reduce their risk in trusting you to pay your mortgage accurately and on time. This is an additional expense that will be added to your monthly payments. Mortgage interest rates vary depending on your credit, but on a 30-year fixed rate mortgage, you can expect to pay anywhere from 3% to 8%.

Also Read: Rental: Tips for First-Time Landlords

Property Taxation

Though it varies by state, the average American will pay more than $2,000 in property taxes per year. However, in some states, such as New York, you will pay even more, which is close to $7,000 per year on average. This is definitely something you’ll want to think about when looking to buy your new home, and it’s often overlooked when you’re a first-time homebuyer.

Property taxes are typically included in your monthly mortgage payment, making them easier to manage. However, in addition to other lumped-in fees, property taxes will increase your monthly payment and may increase year over year. This is important to keep in mind when deciding how much money to spend on the list price.

Buying a new home necessitates time and research. You’ll want to make certain that you’re making the right decision when purchasing the home of your dreams. WowMover will be there to help with your moving stress when you finally put in that home offer, even if the decision is yours and yours alone.

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Rental: Tips for First-Time Landlords

March 17, 2021
Rental: Tips for First-Time Landlords

It’s not always easy to be a landlord, particularly if you’ve never owned an investment property before. These first-time landlords tip will help you get off to a good start.

Remember that the habits you create at the start of a new business will determine how much time, money, and frustration you save over the course of your landlord career. Invest early in developing a tried-and-true real estate management system so you can achieve your financial goals quicker and be a better landlord. Here are some suggestions to help you get started.

Put it down on paper

You understand the importance of a lease – you can’t do business on a handshake alone! However, don’t presume that a standard lease covers anything. Make sure your contract sets out your rules for late rent, subletting, pets, and noise complaints, among other items.

Any contact with tenants about the property should be done in writing as well. When maintenance staff need to come by if you want to show the house, you must give tenants notice. You can use these documents to prove that you followed your state’s notice criteria if there is ever a conflict.

Create a Bookkeeping Method

Landlording is a business, and you should treat it as such. That means keeping track of your income and expenditures so you don’t end up with a mess during tax season. Developing good bookkeeping practices now can be extremely beneficial.

There’s plenty of accounting software to choose from, so the method can be as easy or as complicated as you like. The most important thing is to keep track of your deposits, leases, and other costs, such as the mortgage, property taxes, maintenance costs, and any materials used on the property. Cleaning supplies, for example, are a deductible cost if purchased for the purpose of cleaning the house.

Establish Business Hours

Emergencies can eventually occur, but in general, set aside time for yourself and stick to them. Otherwise, you’ll find yourself going nonstop, which may make running a company more difficult.

Make sure your tenants are aware of your availability days and hours, as well as your email and phone number. Make it clear that you can only respond during business hours unless the situation is an emergency, such as a house plumbing problem.

Familiarize yourself with the local housing laws

In the county where your property is situated, you would most likely need to apply for a Certificate of Occupancy. This will typically give you a crash course in your area’s housing laws and tenant rights.

Even if you don’t need the services of a COO, make sure you are mindful of your commitments to your tenants. At the end of the day, if there is a problem with the property and it fails a city housing inspection, ignorance isn’t a defense.

Make Lease Violations Clearly Definable

When your lease’s terms are broken, such as late rent, policy breaches, or other lease agreements, your lease should explicitly specify what happens. Outline the steps for dealing with these infractions, including a written notice, fines, or eviction.

Rental: Tips for First-Time Landlords

Make Tax Preparation a Priority

It’s easy to forget that you’re technically running a company if you just own one house. However, you are, and you must budget for taxes accordingly. Keep in mind that rent payments are considered revenue, while maintenance costs are considered an expense.

It’s a good idea to consult a tax advisor before becoming a landlord so you know exactly what to expect in terms of taxation. You would need to start paying projected self-employment taxes on a quarterly basis, for example. This is close to what your employer would deduct from your paychecks for Social Security and Medicare taxes. These are often expected to be charged at the federal, state, and local levels.

You really don’t want to overlook any property tax deductions that might help you save money on your taxes.

Take before and after images

When the tenants leave, take before and after photos of the house. Although normal wear and tear is to be expected, you should log any expenses that will be protected by the deposit. Your best proof is photos.

Renting to family and friends is not a good idea

Renting to someone you already know can seem to be a win-win situation. But the fact is that it’s more difficult to say no to friends and relatives, and renting out your home is all about setting limits. If a friend runs into financial difficulties and is unable to pay their rent, they might expect a favor that you would not extend to other tenants. Renting to people with whom you don’t have a personal relationship is the safest way to treat tenants as customers.

Check Out Your Tenants

A standard tenant screening will set you back about $50. A credit check, work history, criminal history, and eviction history are all common examples. While it is a small investment, it will assist you in ensuring that you are renting to tenants who are financially prepared to meet their ongoing rent obligations. Calling references can also help you get a better understanding of your applicants.

Don’t Expect to Make Money Right Away

If you still have a mortgage on your home, the majority of your rent payments would likely go toward it. Any money left over is normally put into repairs and upkeep, leaving you with a benefit. However, even if you don’t make a lot of money, your rental property is still valuable. All of those rental payments add up to equity, which pays off in the long run.

Acquire the Correct Insurance

It’s not a smart idea to put off securing your investment property. You will assume that all you need is a standard homeowner insurance policy if you rent out your second home. However, you’ll need landlord protection in this case. It safeguards the foundation of the house, as well as other buildings on the property (such as sheds and fences), as well as lost rental revenue and liability. It does not, however, cover all of your belongings within the property; that is the responsibility of your tenant’s renters policy.

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How Long Does it Take to Buy a House?

March 9, 2021
How Long Does it Take to Buy a House?

Before you embark on your next real estate adventure, knowing how long it takes to buy a house will help you set your goals and reduce stress. One thing is certain: purchasing a home is not an activity that real estate agents can tell you is designed to provide immediate gratification. Purchasing a home is a lengthy process. It’s satisfying and enjoyable, but it takes time.

Now let’s take a closer look at each, including examples of issues that may arise and cause the time it takes to close on a home to be extended.

Loan Pre-approval (pre-approval): Period : 1–5 days

You may wish to purchase a house, but are you able to do so? If that’s the case, what’s your budget? Before going out to look at houses in person, you must first answer these questions. If you intend to pay in full, the lender can determine how much you can afford based on your financial situation. They’ll examine your revenue, properties, debts, and credit score before sending you a pre-approval letter outlining the amount of money they’re willing to lend.

Lenders want your company, so they should issue a pre-approval letter quickly. Since you’ll need to connect your pre-approval letter to any deal you make, it’s better to contact your bank to get pre-approved sooner rather than later in the process. Being pre-approved helps you to know exactly how much you will spend right away. Your time is valuable; don’t waste it by looking at houses you can’t afford!

Research in the Neighborhood: Period : 3–30 days

Most home buyers have a mental image of the type of home they want to purchase before they start looking. You can now get very detailed about what communities and homes will suit your budget now that you have your loan pre-approval.

Here’s what you’ll be doing now:

These are normal questions to ask, and they’re crucial to answer early in the home-buying process. As a result, you’ll be able to begin your home quest with a laser-like emphasis.

Since everyone is different, there is such a wide range of estimates for this phase. A third-time home buyer in a market where they’ve lived for twenty years, for example, is likely to make decisions more quickly than a first-time home buyer in a new area. Each individual takes a different amount of time to complete this step.

Also Read: How to Get Your Home Ready for Renters?

Choosing an Agent: Period: 1–5 days

Hiring a real estate agent is a no-brainer because it will cost you nothing and will provide you with a slew of advantages. This does not, however, imply that you can hire the first agent you come across. You should devote some time to finding an experienced and competent agent who can effectively serve your interests.

Some clients prefer to communicate with an agent via emails or phone calls. It should only take a few days to complete this phase.

Personal Home Tours: Variable

Now it’s time to have some fun! You can begin touring homes on the market that meet your criteria once you have your budget, priorities, and proper representation.

The length of time it takes to find a home is influenced by market conditions. Low inventory is common in a hot real estate market, with some homes attracting several offers shortly after being classified in the Multiple Listing Service (MLS). This will lengthen your quest because it will be far more difficult to find homes, let alone get your offer accepted. Similarly, if you have your heart set on a particular neighborhood, it can take some time before a home in that area becomes accessible.

Furthermore, the events in your life will have an effect on how long you spend looking at houses. People who are approaching a big life event such as a new job have a greater need for a home. Others may not be in a hurry and are willing to wait a long time before a home that perfectly suits their needs becomes available.

What is the average amount of time spent looking for a home? According to a report, the average buyer actively searches for 10 to 12 weeks and looks at a total of 10 properties.” However, for some people, this process could take months.

Contract Negotiation: Period : 1–5 days

You’ve found a home you want and want to make a bid! Your real estate agent will draft an offer that includes the price and contingencies you want. Any of these contingencies can cause the purchase of your home to be delayed. The home sale contingency, for example, stipulates that if your current home does not sell, the closing of your new home will be postponed.

Also Read: How to Buy Your First Rental Property?

Following the receipt of your contract by the seller, several days of negotiations will ensue in which both parties try to negotiate an agreement. If there is an ongoing bidding war, you might even be competing with other buyers.

Contract to be Signed: 30-60 days

When the seller accepts your bid, you are legally under contract. The length of time the house is under contract before you close on it is specified in your bid. The way you pay for it would have a significant impact on how long it takes to close the deal.

Your bid would provide a funding contingency if you want to finance your future home with a mortgage. Since your lender requires time to underwrite, adding a funding contingency will result in a longer contract to close duration.

Based on the form of loan, below are some estimates:

Remember that these are just projections. A buyer with bad credit and uncertain sources of income may require 60-90 days to close on a house. However, you can speak with your loan officer about the number of days they prescribe. It might be tempting to extend your deadline to make your bid more attractive, but doing so puts your earnest money at risk.

Cash buyers, on the other hand, are not bound by these restrictions. They will close even more quickly, often in just a few days.

How Long Does it Take to Buy a House?

Duration of Escrow Time estimate: 7-21 days (while under contract)

The escrow period starts after the seller approves your offer. Various tasks will be scheduled by your agent, including:

Closing and Final Walkthrough: a few hours

You’ll do a final walkthrough of the property with the listing agent within 24 hours of closing. Walkthroughs enable you to double-check that the repairs you ordered have been completed and that the property’s condition hasn’t changed significantly since the first display.

After that, you’ll sign a slew of papers to take ownership of your new home, you’ve made it all the way to the top! The pleasure you will receive from your new home will, ideally, outweigh any tension you may have experienced during this period.

Final thoughts

So, what is the average time it takes to buy a home? For the most part, it’ll be a few months. However, for others, it could be six months or longer. It is determined by a number of factors and varies from person to person. Staying on top of deadlines and being informed about the measures involved, on the other hand, will help you prevent unnecessary delays.

Things You Need To Know Before You Start House Hunting

March 8, 2021
Things You Need To Know Before You Start House Hunting

There’s More to It Than the Price

Before You start house hunting. This is the part where you’ll need some cash upfront, so be sure to budget for it. Purchasing a home is never just about the price tag!

Your current budget will change

Consider your current monthly spending. Food, insurance, gas, rent, utilities, and caring for any dependents or pets account for a significant portion of most people’s income. Budgeting will become your best friend until you have a monthly mortgage payment to make.

Your weekly movie outings, occasional Starbucks, and weekend shopping sprees can become less important to you than paying your mortgage bill on time, so make sure you outline and discuss all of your current expenses appropriately.

You may wonder how you’ll deal with and adapt to these changes. Decide what are the most critical aspects of your lifestyle and what can be sacrificed. There are a few options available to assist you in keeping track of your finances.

To ensure that you can afford your mortgage payments, you must decide on a price range for your new home that makes sense for you based on your monthly spending.

Does it prevent you from saving for other things or achieving your life goals?

Isn’t it true that your key life goal is to become a homeowner? Why are you here in the first place? Other goals, on the other hand, should be kept in mind if they are important to your future.

These are just things to keep in mind so you don’t spend too much money on your home and neglect to save for other important goals. Fortunately, the internet’s vastness offers a plethora of websites to choose from if you’re looking for a way to keep track of your objectives.

Your Credit Score: Something You Should Know But Probably Don’t

Before you start fantasizing about your wrap-around porch, and stainless steel appliances, make sure you have a credit score that banks will be proud of.

In general, a higher credit score means a lower interest rate, which means more money in your wallet.

Things You Need To Know Before You Start House Hunting

Before you start looking for a home, talk to a few banks to get pre-qualified for a mortgage based on your credit score. You’ll be able to get an idea of how much you can easily afford this way before jumping in.

Related : How Your Credit Score Impact Mortgage Rates

Fortunately, there are many online tools for determining your credit score. For a free credit report and a $1 credit score, go to

Evaluate various mortgage options based on the requirements

Before you start falling in love with that ranch on in your dream neighborhood, you should really look into what types of mortgages are available to you depending on your financial situation.

The bank will assist you in determining what types of mortgages and interest rates you can handle, allowing your agent to quickly narrow down homes in your price range.

You should look into a Federal Housing Administration (FHA) loan if you don’t have enough money to put down 20%.

If you don’t pay your mortgage, the FHA guarantees to reimburse the lender. Lenders would encourage you to take out a big loan with an FHA loan because they know the government will pay it back.

If you have enough funds for a 20% down payment but don’t want to deal with the budget constraints or mortgage insurance premiums associated with an FHA loan… You’re better off getting a traditional loan.

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U-Haul Money Saving Tips and More

March 4, 2021
U-Haul Money Saving Tips and More

Moving can be stressful, overwhelming, and costly, whether you’re moving across the world or just down the street. As compared to hiring movers, renting a U-Haul will save you a lot of money, but if you pay attention to the specifics, you can save even more.

Get the Correct Truck Dimensions

When it comes to choosing the correct size truck or van, don’t guess. Take measurements of your rooms to get an idea of how much you’ll be bringing. Depending on the destination, the cost difference between a 1 room truck and a 3 room truck can be hundreds of dollars.

Get Moving Boxes for Free

U-Haul is not a good place to get boxes. Request boxes from every liquor store and grocery store in town. Ask about their delivery day and offer to assist them in breaking down the boxes. Check through dumpsters for clean boxes. If you don’t have a lot of boxes, stuff as many as you can into dresser drawers, plastic storage containers, and other containers you have. You’ll be shocked by how much you can fit into your existing belongings.

Also Read: How to DIY, Reuse or Make Money Recycling Moving Boxes

Be Prepared to Drive

It might seem strange, but if you’re renting a U-Haul for a one-way journey, it may be cheaper—in some cases much cheaper—to drive to your new home and then to a city even farther away, if it’s larger. Returning trailers to very small towns will increase the cost of your rental by up to 50%.

Bring your own blankets if possible

Using your own blankets and rugs as padding between wooden furniture pieces will save you a lot of money. Instead of renting expensive blankets from U-Haul, you can strategically position boxes and cardboard in the van.

Uhaul Blanket prep for fleece bedding

Relocate During the Week

Between Sunday and Thursday, rates are usually lower.

Have a Garage Sale

Consider how much you really ought to bring with you if you’re toting around furniture that’s seen better days. Examine everything you own to see if it really wants to accompany you on your journey. Reduce the amount of luggage you carry to reduce the size and expense of the truck you’ll need to hire. Perhaps you’ll make enough money at the sale to cover some of your moving expenses.

Also Read: How to Properly Secure your Furniture while Moving

Borrow a Hand Truck

Borrow a hand truck or refrigerator dolly from a friend or a local business instead of renting one.

u-haul dolly

Return the truck at the same location

If you can rent your truck for a day or two and return it to the same location where you rented it, you can save a lot of money. Calculate the cost of transporting the truck one way or returning it to the same location using the U-Haul website or by calling and asking a representative. You can be able to save hundreds of dollars if you are just traveling a short distance, such as within the same state or area.

Get A Free Quote for U-Haul

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