It takes a lot of money to run a home, but you could be spending more money than you really need to. Cutting back on how much energy your home uses can help you shave a huge chunk of money off your monthly utility bills, and it can be a lot easier than you may think. Small changes here and there can really add up to significant savings.
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Under California law, real estate agents have a fiduciary duty to the buyers and sellers that they represent. That means the agent has a legal obligation to act in the best interest of their clients.
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If you’re renting, the dwelling you live in isn’t yours. You’ve got no responsibility to insure it; that’s your landlord’s obligation. But what is yours – and what you should consider insuring – are the belongings you’ve got within your home. The dollar value of your TV, stereo system, jewelry, designer shoes, or anything else that has some sort of value should be protected in case of a fire, theft, and so forth.
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Buyers are typically the ones to request a home inspection before they agree to finalize a home purchase. However, sellers also have the option to conduct a few inspections on their homes before they choose to list their homes.
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Your home may have reflected your style a few years back – but today, not so much. Now you suddenly realize that your puffy sofa looks crammed in your living space, or that flower-ridden wallpaper looks a tad on the tacky side.
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No matter how new your home is, issues with your windows can creep up at any time. And at some point, they’ll need to be completely replaced. While high-quality, properly-maintained windows can last for as long as 20 years, they don’t last forever. Pay attention to them: they’ll show specific signs that it’s time to swap them for brand new ones.
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When it’s time to move, you may be faced with the decision to either buy or rent. This conundrum isn’t just reserved for young adults moving out of their parents’ homes, but also to empty nesters or professionals who are relocating for a new job opportunity.
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The earlier you invest in real estate, the greater your returns will be by the time retirement rolls around. If you can muster it, starting a real estate investment portfolio as early as your 20s and 30s is ideal. It’ll give you plenty of time to realize massive returns over the decades, which will provide you with a comfortable financial cushion to rest on when you reach the Golden Years.
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Real estate investors love snatching up good deals and letting their purchased properties make money for them over both the short- and long-term. There are plenty of ways to invest in real estate, and one of them is crowdfunding.
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