When we all fly out of the nest, we usually land in a rental apartment or room and then upgrade somewhere down the line to buying a home or condo. However, sometimes these options make more economic sense depending on your circumstances. Here we will discuss the economic benefits of renting and buying so you can decide how you want to use your money.
As we close out the year 2020, it is time to reflect on how much money we earned and give some of it back to the government. That’s right, it is tax season. 2020 was a tough year for many and it is going to be a bit more difficult when the time for filing taxes arrives. That is why it is important to start early and make sure you have all the correct documents. Whether you got a new job, kept your job, or lost your job, we all still have to pay our taxes like the person next to us.
As we approach the new year, it means the spring housing market is peeking just around the corner. Many forecast that the Spring of 2021 is going to be a great time to buy a new home, however, if your children aren’t able to make a down payment or find themselves needing some assistance, a little extra help from family could be an alternative option to support buying their first home. Many Millennials are striving to succeed, yet the current climate makes it tricky to buy a home.
As we transition away from 2020 into the light of the new year, many are considering a move-up from their starter homes. Realtor.com predicts that there will be a housing boom in the spring and summer of 2021, meaning now is a very good time to sell your starter home and look for an upgrade. With many Millennials and Gen Z’ers looking to leave cities for more suburban and rural areas due to working remotely, there will be plenty of demand in 2021. If you are thinking of capitalizing on this upcoming wave of demand, now is the time to start preparing for your move-up.
The pandemic has truly affected everyone’s lives. Whether you are the CEO of a Fortune 500 company or a small business owner, Covid-19 has shaped our lives in one way or another. One segment of the workforce that has seen drastic changes are those that previously commuted into the office in a metropolitan hub and who are now discovering the advantages of a remote working life. An IBM survey published in May 2020 showed that 54% of newly remote workers would like to continue working remotely after the pandemic subsides.
This year has been unlike any other, and we expect this year’s Black Friday, Small Business Saturday, Giving Tuesday, and Cyber Monday to be equally as different as the rest of the year. Some companies have started doing sales as early as the first week in November while others are waiting until Thanksgiving Day. If you have been hesitant to participate in Black Friday in years past due to the crowds, chaos, and mania that ensues, then this year is the time to try it out since it is all mostly online. We are here to help you navigate the online deals like a pro.
There are many different home loan programs available that individuals can obtain depending on their circumstances. Whether you are a student or in retirement, getting your first or sixth home mortgage – this will always be an interesting topic of conversation. With so many options to wade through, we wanted to focus on two different government loan programs: FHA and VA. Though they are backed or insured by the federal government, that doesn’t mean they are the same.
This holiday season is going to look drastically different from those of previous years and huge family gatherings will most likely need to adapt to the current state of the world. Since the coronavirus is still a threat, we want to make sure you are enjoying the holidays as safely as possible. We have compiled a list of recommendations from the Center for Disease Control (CDC) so you can feel more informed about how to stay happy, healthy, and jolly.
With the recent election, many have found distraction from the ongoing pandemic. Now that the election is finished (for the most part), the reality of social distancing has started setting back in, causing ongoing stress and anxiety to almost every family across the nation. With varying safety protocols and restrictions being imposed, an increased number of people are looking for ways to alleviate the strain. Below are a few ways to help the situation.
Homeowner associations (HOAs) have become more common over the years than many might think. According to a study in 2018 from the Foundation for Community Association Research, 26.9 million homes in the United States belong to an HOA with the highest concentrations of them in California and Florida. Before buying a home in an HOA, it is important to understand what they are. Here we will illustrate the pros and cons of HOAs so you can be better prepared when you go to buy your next home.