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.

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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.


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!

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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.


Moving House: The Affordable Approach

If you and your little ones are planning a big move this year; it’s important to keep things as stress-free and as affordable as possible during each step of the way. Your kids are like sponges, and they will no doubt be absorbing your approach to spending and saving as you navigate through the property selling and buying process. There will be far more than simply exchanging the money needed for your next home, and receiving whatever you can for your current abode, so it’s worth a little extra effort when it comes to preparing and planning ahead.

A happy and straightforward moving process is something that you can get the whole family involved in. They’ll learn a little about each stage of selling and buying, and the work that goes into a successful moving day, so don’t be fearful of explaining what is happening to them. If there are particular financial consequences to certain actions, especially positive ones; share and explain them so that you can instil some great values and knowledge surrounding the cost of moving house, property, and real estate in general. Who knows; you might just spark an interest in a budding property tycoon of the future! The following are some things to consider if you’re about to pop up the for sale sign and want to save cash where you can as you’re heading out on your exciting property adventure together.

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Image source: https://www.pexels.com/photo/home-real-estate-106399/

Research And Sourcing

If you head towards the first estate agent or property legal team that you see; you’re unlikely to be able to save much money at the beginning of the process. However, doing some thorough online research, and sourcing more affordable options to suit your family, will ensure that the process doesn’t leave you broke. Therefore, it’s worth checking out some conveyancing quotes online as a starting point, and you can figure out the extra cash you’ll need to put aside to pay for everything. There are also options to sell your own home now, which will get rid of hefty agent fees, so that’s another area to consider if you’re willing to put in the work. You’ll need to balance what’s most important to you and your family in regards to time, money, and effort along the way, so the sooner you get started, the better.

A Bit Of DIY

The do it yourself approach will save you money throughout selling and buying a home, and the process of moving along the way. Therefore, it’s worth figuring out what you’ll be able to do without hiring anyone to help. If a survey comes back on a house that needs crucial renovation, rewiring, or a multitude of other work; work out if you’d be able to fix any problems yourself before moving day rolled around or as soon as you all moved in. In regards to removal costs; you could consider the packing process as soon as you know you’re moving and renting a storage unit near your new home so that you can do the majority yourself. Again, it’s about weighing up what will cost more time, money, and effort than you’re willing to spend, and going from there. http://credit-n.ru/blog-listing.html

Financial Footing For A Future First Time Buyer

When it comes time to move, there’s a lot to consider where your kids are involved. Moving is a major shake-up in their lives. Making them part of the process is essential for happiness. Parents continually check their kids are on board, and even let them select houses they’d like to view. Some even let the children add a point or two to the all-important house checklist. What better way to ensure they’re on-side?

But, the considerations shouldn’t stop there. For those with older children, it’s worth getting them even more involved in the process. After all, it won’t be so long until those kids are branching into the property market themselves. The more you teach them now, the better position they’ll be in down the line. This is especially important from a financial standpoint. Any financial understanding they gain will help them understand how much they need before moving out becomes a reality.

To ensure you teach the right lessons, we’re going to look at a few of the different factors you should let them be a part of.

Choosing a location

You can’t move to a new area because your child tells you to. But, giving them a list of cities you’re considering could be useful. That way, you can leave them to research, and see if they find the cheapest area on your list. You’ll want to work this out on the side, of course. But, if your child reaches the right answer, they’re sure to learn a valuable lesson. There’s no getting around the fact that prices vary across postcodes. And, during their research, your child is sure to discover this. Thus, when it comes time to buy for themselves, they’ll know to do similar research.

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The value of a home

The chances are that it won’t take much convincing to get your kids online and searching for houses. This is the best part of the house hunt for children. So much possibility, and the chance to have a sneak peek inside other people’s homes! But, as well as having fun with this, it’s worth giving your older kids some idea of pricing. That way, they can factor cost in when looking, and gain some insight into how much properties are worth. Of course, pricing will have changed by the time they come of age, but showing them the good, the bad, and the ugly of the current market will help them understand it later on.

The hidden costs

It’s also worth keeping your teens informed of the hidden costs of buying. Sit down with them while you use something like this stamp duty fee calculator. Explain how stamp duty works, and explain why everyone has to pay it during the buying process.

Explain, too, about estate agent fees, and costs such as moving companies and so on. It may be harder to get them interested in this, but this it’s the stuff they’re sure to remember when they embark on their own home buying journey. http://credit-n.ru/zaymi-na-kartu-blog-single.html

Life’s Costly Emergencies, And How To Deal With Them

While it’s good to have a sunny disposition in some ways, it can occasionally land you in a lot of trouble. This is especially true when it comes to managing our personal finances. When planning out our finances, a lot of people tend to focus on what’s expected or certain. One example is people putting off a set savings plan until they know what they’re saving for. This, of course, leaves out a hugely important part of personal finances: your emergency fund. Emergency expenses can be a pretty broad category, covering pretty much anything and everything you need to pay for, but didn’t see coming. A lot of people don’t consider them until they actually happen, which only makes the issue worse and worse. Here, we’ll look at some of the most common financial emergencies there are, and the best ways to handle them.

Job Loss

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From Flickr

This is among the most obvious financial emergencies a person can encounter. It’s also an exceedingly hard one to deal with, as it usually cuts your main source of income off from one minute to the next. However, there are certain ways you can be prepared for this kind of disaster. The best-case scenario involves having an emergency fund to fall back on. Even if you qualify for state unemployment benefits, these can take a while to actually be approved, and rarely cover all of your lost income. Most financial advisors say you should aim for having three to six months’ worth of typical expenses tucked away in your emergency fund. While a lot of people make a knee-jerk decision to start milking a credit card when they become unemployed, this can be a risky move, and should be avoided if at all possible.

Major Vehicle Issues

When it comes to financial emergencies, unexpected vehicle trouble comes just below job loss in terms of its severity. For a lot of us, having a working vehicle is necessary for getting to and from work every day. Due to this, a sudden major vehicle issue can mean not only a hefty mechanic’s bill, but also an immediate loss of income. Again, the best way to prepare yourself for a disaster like this is having an emergency fund in place. Aside from that, sharing vehicles with your spouse or housemate can be a good way to mitigate the cost, despite its inconveniences. Relying on ridesharing companies like Uber can be an affordable way to get yourself from place to place while you’re waiting for repairs to be completed. While you should always, always have an emergency fund you can fall back on, there are many auto repair shops that run payment plans for people who can’t afford essential work. Shop around a little and take your time comparing if you’re going to need one of these plans. Just bear in mind that while they can be fairly affordable, mechanic’s payment plans are never going to be as cost-effective as paying for the work outright.

Marriage and Divorce

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From Pexels

While a marriage should be a happy occasion, it can be the catalyst to a major financial emergency. This is especially true when you marry into debt. Yes, you should never let money get in the way of being with a person you love. However, if you or your fiancé have been a little irresponsible in the past, you need to get a plan together for an emergency on the horizon.

Before you decide on which band to hire for the wedding, pretty wedding bands and the menu you’re going to give your guests, take some time to think about your respective finances!

Come up with a plan of how you’re going to pay down any individual debt, and set yourself goals for both the short and long term. These can include things like paying down cards and nurturing your credit scores so that you can get pre-approved for a home. It’s also important to know how to handle the financial impact of a divorce. Very few people plan on divorce, but this kind of emergency is a hard and very real possibility for many couples. The best way to prepare against this is simply taking steps to maintain the relationship! If you simply can’t stay married to someone, then starting and building an emergency fund is the best way to give yourself something to fall back on.

Sickness and Injury

One of the sad facts of life is that a lot of employers don’t offer sick pay, and many more will terminate a contract due to an employee suffering an injury, even if that injury doesn’t have much of an impact on their ability to do the job. Even when your employer does offer sick pay, getting sick or injured can still represent a massive financial problem, depending on your insurance and the severity of the condition. If and when someone who’s a main breadwinner in your household gets ill or suffers an injury, there are a few different ways you can deal with it. One smart move is opening up a health savings account (HSA). These will allow you to divert some of your income into a savings account, which will give you a cushion of pre-tax money you can tap into if any health issues crop up. One of the major benefits of these is their ability to function as general savings vehicles. Any funds you don’t end up using can be drawn on later for retirement. In certain cases, when the injury has been caused by the negligence of another person or party, you may be able to mitigate the cost through litigation. You can learn more at Robins Cloud.

House and General Repairs

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From Pixabay

Technology and household appliances have come a long way in recent years. While this certainly has its upsides, this has also increased most people’s risk for a financial disaster. Washing machines can stop working, refrigerators break down, and smartphones and tablets can get damaged in all kinds of ways. Your personal property can go from being perfectly functional to requiring a lot of expensive work in the blink of an eye, and this is one more financial emergency everyone needs to be thinking about. Unfortunately, compared to the other emergencies we’ve listed in this post, the options for dealing with these repairs are somewhat limited. Once again, emergency funds are always a good safety net to have. Aside from that, extended service plans may prove to be a good investment with certain appliances and pieces of tech. Ask most financial planners though, and they’ll tell you an extended service plan is a pointless expense if you’ve got a decent emergency fund.

Natural Disasters

These financial emergencies are the definition of “freak occurrence”. While no one’s exactly likely to be impacted by a natural disaster, it may be something worth thinking about. If earthquakes, tornadoes or floods are particularly common in your area, you need to keep the possibility in mind when you’re buying homeowner’s insurance or building an emergency fund. Keeping up with the weather, and having a plan to get out with your most valuable possessions, also won’t hurt if you live somewhere that’s particularly prone to disasters. Aside from these practical measures, you can protect your finances through various forms of insurance.


After a death in your household, money obviously isn’t going to be the first thing on your mind. However, this personal tragedy has a financial side to it, which is important to think about for the sake of the people in your home who are still living. For starters, losing someone usually means having to cover funeral costs, which can easily get into the thousands. If it’s the main breadwinner who dies, the lost income also needs to be considered. Whatever the likelihood of a tragedy like this, life insurance is by far the easiest way to prevent any major financial trouble following someone’s death. Spend some time comparing different life insurance policies, and find one that suits your needs. Many policies will cover funeral expenses, and can be a helpful bridge for the family to adjust to a reduced level of income.

Unforeseen Moves

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From Flickr

Usually, we plan moving well in advance, and have a lot of time to get our personal finances in order before such a big change. At other times, however, it can be dropped on us much more suddenly. You or your spouse’s company may transfer you to another office, and may be unable or unwilling to cover the full amount of your moving expenses. You or your partner’s parents may run into medical issues which need tending to. Whatever the reason, moving services, temporary housing and the cost of furnishing a new home can all add up extremely quickly. If you think that one of these surprise moves is even a faint a possibility in the future, it’s essential to make sure you have a cushion for it.

There you have some of the most common financial emergencies which hang over people like you and me. When life throws you a curveball, make sure you’re prepared with an emergency fund and some kind of plan.