A Tough Choice: Renting or Selling Your Newly Remodeled House

July 26, 2022August 5, 2022 Guest Author

Renting or Selling, Which is Better

A Tough Choice: Renting or Selling Your Newly Remodeled House

Photos via Pixels; Article by Ed Carter: ed.carter@ablefutures.org

You’ve just spent hours, days, weeks, and maybe even months remodeling a fixer-upper in Fort Lauderdale, FL, and you’re pleased with the results. But now you face a tough choice: Should you sell this house or should you rent it out? Here, there are several factors to consider.

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Carving Out a Functional Home Office in a Small Home

July 26, 2022August 5, 2022 Brittany Fisher

Carving Out a Functional Home Office in a Small Home

Photo Credit: Pexels Article written by Brittany Fisher: Financiallywell.info

A Gallup poll showed that 45% of people working full time were either partly or fully remote as of September 2021. Whether you work as an employee or run your own business, having a dedicated workspace at home makes you more productive and helps you separate work and business activities. Even small spaces have creative opportunities for a home office setup.

Home Office Budget Averages $3,500

Set Your Budget

Converting an existing room into a home office averages $3,500, but some people spend $20,000 or more. You can also go cheaper if you implement a bare-bones design. Before you make any plans, establish an office renovation budget to help choose features and finishes.

Consider Your Needs

Evaluate what you need to do in your office to help choose a location and plan the design. If you only do computer work, a small space is sufficient. If you work with blueprints, you’ll need a large space to lay out the designs. If you’re starting a business that creates physical products, you need space to store supplies, make the products, prepare them for shipping, and store inventory. Note the equipment you need to do your work.

Find the Spot

Home offices typically range from about 50 to 150 square feet. If your home is small, you’ll likely need to choose a small space, possibly even smaller than 50 square feet. List the spaces you need for your office to estimate the necessary size. Then, explore options in your home for the office location. Some ideas include:

Small unused bedroom
Corner of a larger room
Large closet that fits a desk
Loft space
Pool house or shed
Unused garage space

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A Window of Opportunity for Homebuyers

July 26, 2022July 26, 2022 Eileen Kedersha

Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales. But the transition back toward pre-pandemic levels isn’t […]

What’s Causing Ongoing Home Price Appreciation?

July 25, 2022 Eileen Kedersha

If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate due to the shifting market, ongoing appreciation is expected. That means home prices won’t fall. Here’s a look at two key reasons experts […]

Great News About Housing Inventory [INFOGRAPHIC]

July 22, 2022 Eileen Kedersha

Some Highlights

Experts say the number of homes for sale is growing this year, and that can have a big impact on your move.
If you’re planning to buy, additional options in today’s market may be just what you’ve been waiting for. More inventory means added opportunities to find the home of your dreams.
Let’s connect so you have the latest information on available homes in our area.

Think Home Prices Are Going To Fall? Think Again

July 21, 2022 Eileen Kedersha

Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price growth is supported […]

Should You Buy a Home with Inflation This High?

July 20, 2022 Eileen Kedersha

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right […]

Why Pre-Approval Is a Game Changer for Homebuyers

July 19, 2022 Eileen Kedersha

If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market? The truth is, getting a pre-approval letter from your lender is critical, and when it […]

Wondering Where You’ll Move if You Sell Your House Today?

July 18, 2022 Eileen Kedersha

If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. That’s because today’s market is undergoing a shift, and the supply of homes for sale is increasing as a result. That means […]

Should I Rent or Should I Buy? [INFOGRAPHIC]

July 15, 2022 Eileen Kedersha

Some Highlights

It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home.
When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your investment, and limit your ability to save.
If you want to learn more about the benefits of homeownership, let’s connect today.