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

Understanding the Water Softening Process

Understanding the Water Softening Process

If you have a water softener, learning exactly how it works can be useful—especially in the whole-home filtration. Armed with the knowledge of the water softening process, you can get a clearer idea of how each of the components operates and even learn how to repair your softener. Check out our short primer on the water softening process below.  

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8 Tiny Home Storage Ideas

8 Tiny Home Storage Ideas
Photo by Jed Owen on Unsplash

In a tiny home, having a well-thought-out storage and organization strategy is crucial. In order to help you organize your own home, read on for some creative storage solutions for small homes that you might not have thought of.

Keep in mind that changing your mindset is just as important as coming up with brilliant storage ideas. Comfortably living in a tiny home can be too frustrating if you don’t significantly change how you feel about your possessions.

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