fbpx

I’m Moving: How Much is My House Worth

Understanding the value of your property is important when you are moving and looking to buy a new home. You might find that your real estate investment has gone up since you originally bought it, that it is about the same price, or that the market has dipped. Even if you are not looking to move right now, it is still useful to know the approximate market value of your house.

I’m Moving: How Much is My House Worth - get that dog off the road! - image
Photo by Daniel Frank from Pexels

Finding Values Online

Some online estimators can help you determine the worth of your house, based on details such as its location and what prices homes sold for recently in that area. The good thing about these calculators is that they show a figure almost immediately when you enter the data the software asks for.

You will likely be prompted by an online calculator to enter the type of home it is, the year it was built, how much you paid for it, and the number of rooms (bedrooms and bathrooms). However, that figure is only an estimate of the neighbourhood.

The number is only as accurate as the amount of public data that the specific website has access to. A real estate agent can provide more accuracy, as well as additional information from other sources.

Getting a CMA

A realtor understands how to do a comparative market analysis (CMA) to find your home’s value. To be as precise as possible, this professional looks at nearby homes that are similar to yours (comps); they have the same number of bedrooms and bathrooms as yours, as well as a similar-sized lot.

Next, the realtor typically averages the figures of the handful of comparative properties. Then they have an accurate idea of your own home’s worth. This professional also likely has a lot of experience with the market that the online calculator mentioned earlier does not; they will factor in their knowledge with the numbers.

Assigning a Value is Difficult

When it comes to putting a number on your home when you’re selling it, this activity is very difficult for most people. It is tough not to think about all the memories you have had there and the effort you have put into home improvement projects.

It is hard to be objective, which is why a realtor will help you to do a CMA and suggest a price. Of course, that is only a suggestion and always remember that you are in control and can set the price. But if you go significantly higher than suggested, you have to be ready to explain why to those who are looking to buy.

Why is Knowing Your Home’s Value Important?

Understanding the worth of your existing home will help you to understand how to price it and then calculate what you can afford when looking for a townhouse or another type of house. After all, you are both a buyer and a seller.

When looking for a new property, the bank will look at the appraised value of your home as part of the mortgage approval process. So, it is in your best interest to know as much as you can beforehand.

What Else to Consider

Other details affect the value of your home too. For example, you don’t want to include comps that are on opposite sides of major roads or railways. While you might not realize it, these dividing lines can make a difference from a financial perspective.

Also, when comparing similar properties, try to get within a 10 percent variance of the square footage, if possible. Look at properties that were built around the same time as yours when making comparisons too.

Another factor that affects your home’s market value is curb appeal. If it looks outdated, it is likely to get a lower price than one that has a beautiful garden and was newly painted.

Finally, consider any upgrades you or the other owners of the other homes have done that increase its sale price. There might also be additional amenities in them that increase the property value.

Final Words on Home Value

When you are ready to buy a house, it makes sense to know the worth of your current property going into the process. Getting a CMA from a real estate professional is part of the process, as is looking at online listings to get an idea of what you can afford and what kind of house you would like to live in one day.

When you sell your home and buy a new one, you are moving into the next phase of your life. It is an exciting time, and you can feel good about the investment you are making in your future.

http://credit-n.ru

Can You Help Your Children Onto The Property Ladder In 2020?

Owning a home of your own is getting harder than ever. With spiralling rental rates, increasing cost of living and slow growth in wages, many of the younger generation are finding their dream of owning a family home of their own is getting further and further away. So if parents are in a position financially to help, it can be a wonderful thing to do – and help to give your kids security for the future. If they are already saving hard to pull together the money required for a deposit, it can still be slightly beyond reach without a parental helping hand. And with mortgage costs frequently lower than the cost of renting,your children will be able to save money in the long run if they get that first time house. So how can you help the situation?

Can You Help Your Children Onto The Property Ladder In 2020? - family photo image
Photo by Craig Adderley from Pexels

Gift A Lump Sum

If you can afford to give a lump sum, this will really help towards the considerable costs of a deposit. Often affording the mortgage isn’t the issue, it’s overcoming the barrier of having a high enough Loan To Value (LTV) amount. If you can supply part of this, your children could be able to get on the property ladder with a new build home. When planning this move, it’s important to consider the full picture of your own future finances and possible retirement. Speak to an independent financial advisor is critical to help you make the right move. 

Provide A Loan

If you can’t afford to gift a large amount, you could act as a lending facility instead. This can be a good option if you have access to savings that you don’t need now, but will need in the future. With interest rates at a historical low, you’re not losing out on much by not having them sitting in the back, and you may be able to make borrowing some of the amount of a deposit affordable for your kids, through either not asking for any interest or keeping it very low and the repayment terms flexible. In all these matters, it’s very important to be able to have an honest discussion about money with your family and be very clear exactly what you are expecting to be repaid and when – also get this in a formal legal contract notarized by a solicitor to avoid any confusion.

Take Out A Family Mortgage

Offset mortgages, where 100% of the property value can be borrowed, are also sometimes an option. These loans would be secured against the value of your own home, or sometimes allow you to deposit money into a savings account that acts as a security in the event of non-payment. However, if your child doesn’t keep up with payments, your own home or retirement funds may be at risk. Make sure you talk about affordability and contingency plans with your children before deciding on this option.

There are lots of ways you can help out financially when it comes to getting your children onto the property ladder, but don’t forget that emotional support is just as important too – always be ready with a cup of tea and a listening ear.

http://credit-n.ru/potreb-kredit.html

Moving In With Your Partner: Tips and Tricks

There are plenty of good reasons why you might want to move in with your partner. The main should, of course, be that you love spending time with them! And then there’s the financial aspect, too. Suddenly, since it’s two people rather than one, you’ll find that you’re able to look at more expensive places, without actively spending any more cash on rent than you currently do. 

However, while there can be many benefits to cohabiting, it’s important to understand that it won’t all be positive. Mistakes can be made! Below, we’ll take a look at some tips and tricks to ensure it’s nothing but smooth sailing.

Moving In With Your Partner: Tips and Tricks - couple having breakfast on the floor image
Pexels

The Right Time

It’s exciting to be moving in with your partner, but it still does involve a move, and that can be stressful. Even though many people say “other people get stressed when moving, but I won’t,” it rarely turns out that way. There are a lot of things that need to be handled, and things can get messy. That’s why it’s super important to pick a time that’s relatively quiet for you. Also, it should go without saying that it’s imperative to move when you’re both in a good place with each other! 

Living in One Space

If you’ve previously been living by yourself, then you’ll have to contend with some practical issues before you move. For example, what will you do with all your belongings? You’re not going to need all of them in your new place. There won’t be enough space anyway, but it’s not as if you’d need two toasters either. So it’s best to go through your belongings, and figure out what you need and don’t need in your new place. You can sell the stuff you no longer need. You can look at using a storage service for the items that you want to keep but can’t take to your new place. It’ll be much easier to live with one another when it doesn’t feel as if the space is cluttered!

Creating a Home

It’s generally a good idea to move into a neutral space, but sometimes it just makes more sense to move into one of the person’s homes. If this happens, though, it’s important to take extra steps so that the person who is moving in feels at home. It could mean redecorating, hanging souvenirs, or just generally allowing both people in the house to have an equal say in all aspects of the home. This approach can help keep a lot of potential problems at bay! It’s also important that you both have your own space within the home. You’re happy to live with one another…but you surely don’t want to be living in each other’s pocket all day.

Give it Time
Finally, be sure to give it time. Any move is stressful, even if you know it’s ultimately the right move. Give it time, don’t expect too much, and eventually you’ll realize that you feel at home and that you love living with your partner!

http://credit-n.ru/offers-zaim/turbozaim-zaimy-online-bez-otkazov.html

Preparing For A Family Home Move

When you have to move your family from their usual surroundings to a completely new home, there’s bound to be a lot going on in your mind. Of course you have so many different things to think about to ensure the actual move can be a success, but it’s also important to consider the implications this many have on you and your little ones too. Moving home as a family is a great opportunity for you to come together and bond, so it’s important that you can make an effort to keep the move running smoothly and create the perfect new home environment that you can all settle into in no time at all. So, if you’re planning to move to a new family home and would like to know more about how you can prepare yourselves properly, then read on to uncover some of the best tips and tricks that you can make the most of today!

Preparing For A Family Home Move - woman packing a lamp - moving home image

Plan In Advance 

One of the key aspects of a successful family home move involves planning as far in advance as possible. Trying to look after yourself and your children whilst working for 40 hours a week can be an exhausting experience in itself, but when you add in the extra task of moving your whole life from one location to another it can so easily become overwhelming. Making an effort to plan will allow you to take the process one day at a time, and hopefully encourage you to stay in control economically and keep at a steady pace to complete your project without the need for stress and worry. Taking advantage of a service such as those provided by nowstorage could aid you in relieving some pressure, as you can box up and store your non-essential items to create more space and increase your ability to focus on the tasks at hand. 

Get The Kids Involved 

Moving home can be a really tricky experience for little ones, as they often do not understand why they have to leave their usual surroundings and transfer all of their stuff to somewhere new. However, getting your kids involved in the process can encourage them to have a much more positive view on the project and maybe even aid them in actually enjoying the move! Asking for their help in simple tasks such as organizing their belongings ready to be packed and choosing colour schemes or design features for their new bedroom will definitely build up their excitement, as they will begin to see the move as a new opportunity for positive things. 

Preparing for a family home move has never been so simple when you are able to take advantage of the tried and tested top tips outlined above. Be sure to plan your move as far in advance as possible to keep stress levels to a minimum, and encourage your little ones to get involved in the process to build their excitement and keep things as fun as possible.

http://credit-n.ru/offers-zaim/vashi-dengi-zaim.html

Explaining Business To Kids

Owning a business can be confusing at the best of times, it can be overwhelming at times even for adults, so if we are going to raise a generation of incredible business people, who have all the skills they need to hit the ground running, we need to help them understand exactly what business is and how to manage their money effectively. So how exactly do we help small children understand all about business?

Explaining business to kids - entrepreneurship and family image of young girl at a desk
Photo by pan xiaozhen on Unsplash

Maths

A lot of children may hear the word business and automatically assume it’s all about the numbers and money, and since a lot of children don’t particularly enjoy maths it can be off-putting, but it’s essential to make sure children are enthusiastic about trying business. Many teens are making money currently from using their entrepreneurial skills already, so there’s nothing to say the smaller children can’t start learning the ropes as well, and as long as they know there are tools like corporation tax calculators to help with the tricky finance moments, then there will be less fear around business and what it entails. 

Roleplay

There’s a little bit more about playing ‘shopkeeper’ than having fun and spending £4675674 on a tomato. It teaches kids the very basics of business, it teaches them some skills surrounding sales, and it boosts their communication skills. The next time the pretend shop comes out why not show them how to put a little bit of savings aside for tax and make sure they know their objection handling skills too! Why not help them type a mini CV while you’re at it? 

Do what you love

Encouraging children to try everything they can and find the thing they love the most is a surefire way to put a child on the right path to success, business usually starts with a love for something or a passion, and often that ‘thing’ can be discovered as a child which saves a lot of time and energy later down the line. Of course, there’s no pressure, let them learn and discover new things at their own pace. But It’s also great fun and confidence-building to try new things out! 

Online Marketing

This is a big one, children must know about advertising and the many forms that it takes in 2019, most Youtube videos children watch these days will be making money for a brand or sponsored one way or another, so it’s great for kids to know what they are viewing may not always be as natural as they think, and that companies make a lot of money from toys sold via videos and adverts. It’s also helpful to show kids how that works in business as well, it gives them an insight into marketing, and depending on their age, it helps with realistic expectations too! 

Whichever way you decide to introduce business and how it works to your kids it’s essential to keep it light and age-appropriate, kids don’t need to know about the ins and outs of every detail in business, but they can certainly show an interest and get a good insight from an early age.

http://credit-n.ru/offers-zaim/vashi-dengi-zaim.html