Simple DIY Tasks At Home To help You Save On Costs

There are some things that you can do all by yourself in your home without the need to engage a contractor. Activities like watering and weeding your garden, changing a lamp that is not functional are this that you can do by yourself and save on the charges that come with hiring a firm to do it.

A few years ago, staging a home simply involved cleaning up the clutter and making sure the front porch was swept.

Today, there are companies that have mastered the art. Their job is to make potential buyers interested in purchasing a home because of the way it looks — to envision themselves living there.

Part interior design and part home marketing, staging a home can cost thousands of dollars with a professional or hours of your time as a real estate agent. Because there are no set rules on what a real estate agent should do when it comes to staging, we asked a number of sources their opinions. These are the best tips they gave for staging a home.

Sourced from: http://www.inman.com/2015/10/16/diy-home-staging-tips-from-the-pros/

What is a mortgage?

A mortgage is a financing option that home owners get from financial lending institutions like banks and cooperatives. It is a plan when you get your home fully paid for and you pay for the amount over a spread period of time in installments. This is an excellent avenue for people who have little income to own homes.

What is a Mortgage?

A mortgage is a loan that a bank or mortgage lender gives you to help finance the purchase of a house. It is most advantageous to borrow approximately 80% of the value of the house or less. The house you buy acts as collateral in exchange for the money you are borrowing to finance the mortgage for a house. A mortgage payment is composed of four parts: principal, interest, taxes and insurance. It is normally paid on a monthly basis.

Principal

Principal is the total amount of money you borrowed to buy the home (e.g., If you have a $200,000 mortgage loan, the beginning principal balance is $200,000).

Interest
Interest is the price that you pay to borrow money from your lender.

Taxes

Taxes are the property taxes you pay as a homeowner. They are typically calculated based upon the value of your house.

Sourced from: http://www.zillow.com/mortgage-learning/what-is-a-mortgage/
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Expert ideas in property management

After you have completed the building and construction project for your business apartments, it is now time to get people in. when you lease out the property, you will need to periodically do some repair and maintenance which might be a lot of work for you. This is where you get a property management firm to handle all your clients and ensure that the building is in good state.

How Will You Handle Property Inspections?

We do four covenant inspections every year. We do two notice inspections, where we will give a notice of entry to the tenants, bring a general contractor, and do an inspection of the property twice a year. We will check to see if the tenants are doing their part of the rental agreement. The contractor will do a maintenance and habitability walkthrough. They charge us a handy-person rate for this service, since it does not require a general contractor to perform this service. The other two non-notice inspections are halfway between the two notice inspections. We drive by the property and note any information we see from the street or sidewalk and follow up accordingly.

Sourced from: https://www.buildium.com/blog/how-to-start-a-property-management-company/