9 Home Management Tips for Your Second Home

9 Home Management Tips for Your Second Home
Photo by Gus Ruballo on Unsplash

The benefits of owning a second home are numerous. To begin with, it provides two locations for you to travel between (making life more interesting). 

Furthermore, it enables you to simultaneously increase the equity in two properties (your residence and your investment property). Additionally, it can function as a cash-flowing asset when rented out temporarily. 

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How to Best Display and Protect Art in Your Home

How to Best Display and Protect Art in Your Home

Whether you’re decorating your very first home or are looking to spruce up your place, finding the right artwork can be a good investment for the future. Photographs, sculptures, paintings, textiles, and other artwork frequently appreciate in value over time.

To protect your cherished pieces, it’s important to display the artwork in a way that not only reflects its quality, but protects it from future damage. Here are four tips to best display and protect the art in your home.

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Ep 016 – How to Financially Manage a House Flip

SHOW NOTES:

On today’s episode, we discuss our tips for house flipping. Most people are aware of the HGTV version that shows a complete home remodel in a 1-hour episode. This conversation helps to peel back the layers and walk-through the financial and physical aspects that are crucial to executing a flip. Listen to learn the steps and processes to know what homes and locations to invest in, how to plan ahead for taxes, and what projects make a home more valuable.

IN THIS EPISODE:

  • [01:01] What is a house flip and how to find the best location for your flip?
  • [07:10] What’s involved in a flip: Financial and physical aspects.
  • [11:49] Taxes and whether to sell vs rent your newly remodeled property.
  • [15:27] What projects make a house more valuable and whether to invest as an individual, with a partner, or as a team?
  • [21:45] How important is staging a house before you sell it?
  • [26:35] Learn from others who have flipped before.

KEY TAKEAWAYS:

  • The key to flipping is knowing the market and the right locations. Then look for low priced homes in those trending neighborhoods.
  • The more you can do on your own without hiring a contractor, the lower your cost is to do the home improvement, which means the more likely that you’re going to be able to make more money on the flip.
  • There are five key financial elements to consider doing a flip: purchase price, remodel investment amount, remodel timeline, estimating sell price, and lastly taxes.

RESOURCE LINKS

HomeZada Website

Guide to House Flipping

Ep 015 – How is Your Health is Impacted by Home Maintenance

SHOW NOTES:

We want to speak about how your home can impact your health. You might not realize but regular home maintenance plays an important role in protecting you from illness. On today’s episode, we discuss four key components to consider when thinking of your health as it relates to your home. Listen as we give helpful tips related to air, water, fire and earth and the damage they can cause.

IN THIS EPISODE:

  • [01:20] What is a healthy home and why it’s important.
  • [2:45] How to protect air quality in your home.
  • [09:20] The two main ways that water in your home can affect your health.
  • [16:42] How to protect your family and home from fire.
  • [23:52] Understand the different threats that the earth poses to your home.

KEY TAKEAWAYS:

  • One of the first things you can do to protect air quality is change your air filters, change them regularly. Do not wait, change them regularly.
  • Be better prepared for a fire inside your home by placing fire extinguishers in key areas of your home so you can easily access them.
  • If you bought a home with a retaining wall, you want to make sure that the retaining wall is being held in place and draining correctly. If not, the build of water can cause major issues to your home.

RESOURCE LINKS

HomeZada Website

https://www.hud.gov/sites/documents/DOC_11880.PDFhttps://blog.homezada.com/2021/09/26/a-glimpse-into-toxin-free-trends-6-ways-to-create-a-non-toxic-home/

Remodeling Projects to Add Value to Your Home

Remodeling Projects to Add Value to Your Home

Renovating a home can be a great way to add value. Not only will you impress potential buyers, but you’ll also enjoy the fruits of your labor while you live there. Of course, not all renovations are created equal.

Some projects are more likely to increase the home’s value than others. Here are a few remodeling projects that can add value to your home.

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