Boomers Can Maximize Net Worth with Real Estate Assets

new worthYou have spent years paying off your mortgage. Maybe you can afford to buy a rental or vacation property. Or buy your trophy home and entertain family and friends. Or perhaps you need some home equity to pay for college tuition. Lots of home and real estate decisions to make.

A big part of your net worth is built into your primary home or multiple homes if you previously bought investment properties. The big question for you is “do you have visibility into what the net worth really is and what is the forecasted value of this key part of your retirement?” Read More

How Gen Xers Can Juggle All Their Home Finances

Gen XersAs a Generation Xers, your financial life gets a little more complicated. You start juggling more things and your time is compressed because you have multiple demands. You moved into a bigger house because of the kids. Maybe you start thinking about saving for retirement. You need a vacation. Your kids are expensive and want everything.

How do you balance all the competing financial demands? One method of staying in control is to segment the different key aspects of your finances. Consolidate your investments in one place to manage them. Have one system to manage your income, family bills and credit cards.  Read More

Millennials Managing your First Big Investment … A New Home

a new homeYou finally saved enough money for the down payment on a house. And you finally qualified for a mortgage.  You researched and home shopped to find the right first home. You made an offer. And finally, you closed on your first big investment …  a new home! Congratulations!

Now you are starting a 3 to 7 year cycle of owning and managing your first home. Where do you start?  How do you maximize the value and minimize the ongoing expenses? What do you need to do to maintain this asset? How do you manage the improvements you make to the house? How do you avoid falling into the “money pit” trap where your house financially consumes you?  Read More

HomeZada Tip: Adding Home Contacts

How frustrating is it when you know you fixed your toilet with the help of a great plumber, but you cannot remember who that plumber was that helped you? Or you have this amazing handyman and just when you need him, you are searching through drawers for that card you misplaced. Frustration is at an all time high when you cannot remember the great vendors you use and you need them! Or you know your vendors but you cannot remember where their contact information is so that you can schedule your next service. You need the people that help you with your home sometimes in unexpected situations. And you do not have time to dig through drawers or search the internet for Ray’s number because you cannot remember the name of his company.

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Six Steps to Managing Home Remodel Projects

Managing home remodel projects require several steps to be truly successful. With these six key steps, you can manage a home remodel project with ease. The six phases to managing home remodel projects are: Ideas and Concepts, Design, Research, Budgets, Execution and Closeout. Each of these steps requires time and organization to complete your project.

Follow each of these steps to manage home remodeling projects.  First, start with creating a wish list or an idea of what your want your project to look like. Read More