Industry Updates

If you are thinking of buying a new home, you must pay close attention to many details to ensure that you find one that will suit your needs and preferences. Before you start shopping, you should sit down with the members of your household to discuss your preferences and the many options available to you. Here are some things you should consider: STEP 1: FINANCING YOUR HOME The first step in the home buying process is determining how much you can afford. Check out our Advice for Financing Your First Home to learn more about how you can prepare for the financing…

Do-it-yourself (DIY) projects have skyrocketed in popularity in recent years on the heels of popular home improvement shows and publications. And, for certain small projects, a DIY project can be rewarding and fun, if you are prepared and have the proper skills. But before you start knocking down walls and taking out wiring, ask yourself the following questions: Do you have a clear idea of what you want your project to look like? Do you have the time to complete this project (be realistic!)? Have you ever undertaken a project like this before? Do you know everything you will need…

Follow these 10 tips when you embark on an exciting home remodeling project. Establish effective two-way communication with the home remodeler. It’s essential to have good communication for a smooth home remodeling project. Does the remodeler listen? Does he or she answer questions clearly and candidly? Can you reach him when you need to? Does he return phone calls promptly? Does he let you know when problems arise and work with you on solving them? Make sure you are compatible with the contractor. You’ll spend a lot of time with your remodeler so it’s important to have a good rapport and trust…

Homeownership has many important benefits for millions of Americans across the country — including creating a sense of community, building wealth and providing financial security. Home owners should be aware of recent changes to the tax code that went into effect in 2018 with The Tax Cuts and Jobs Act, which passed in December 2017. Despite the changes, it’s important to remember that home owners can still take advantage of many tax incentives. MORTGAGE INTEREST DEDUCTION Home owners who itemize their federal income tax deductions can deduct 100 percent of their mortgage interest payments on a first and second home…