Homeownership

Found 27 blog entries about Homeownership.

Avoid these easy-to-prevent mistakes that could cost you big time.

You’ve finally settled into your new home.

You’re hanging pictures and pinning ideas for your favorite bath. 

But in all your excitement, are you missing something? Now that you’re a bonafide homeowner are there things you should know that you don’t?

Probably so. Here are six mistakes new homeowners often make, and why they’re critically important to avoid.

#1 Not Knowing Where the Main Water Shutoff Valve Is

Water from a burst or broken plumbing pipe can spew dozens of gallons into your home’s interior in a matter of minutes, soaking everything in sight — including drywall, flooring, and valuables. In fact, water damage is one of the most common of all household

19 Views, 0 Comments

13 homeowner pains you can kiss goodbye with these tips.

BY AMY HOWELL HIRT / www.houselogic.com 

Summer should be the stuff dreams are made of: long, sunny days and warm nights filled with important questions like, “Ice cream on the porch, or another pint on the patio?”

Summer also comes with bugs, heat, humidity, and other annoyances around the house. So this year, eradicate 13 of the worst irritations of summer before they crush your summer buzz. Here’s how:

#1 Mosquitoes

These ubiquitous party crashers can suck the fun out of any outdoor fiesta.

What to do:

Clean your gutters. “That’s often a main, and neglected, breeding site for mosquitoes,” says Chris Enroth, a horticulture educator with the University of Illinois Extension

33 Views, 0 Comments

The ultimate timeline ensures the smoothest of transitions.

A real yard. Closets bigger than your average microwave. The freedom to decorate however you darn well please! Making the switch from renting to owning is exhilarating, but many rookie homebuyers find the process trickier to navigate than they expected.

This is why we created our First-Time HomeBuyer Checklist. The 12-month timeline will help you sidestep common mistakes, like paying too much interest or getting stuck with the wrong house. (Yep, it happens!)

12 Months Out

Check your credit score.Get a copy of your credit report at annualcreditreport.com. The three credit bureaus (Equifax, Experian, and TransUnion) are each required to give you a free credit report once a year. A

74 Views, 0 Comments

By AMY HOWELL HIRT

How not to make money mistakes as a fledgling homeowner.

The negotiations are over. Your mortgage is settled. The keys to your first home are in hand.

Finally, you can install your dream patio.

You can paint the walls without losing your security deposit.

Heck, you could knock out a wall. You’re soooo ready to be a homeowner.

So ready in fact, you’re about to make some costly mistakes.

Wait, whaaat?

“You have to rein it in and be smart,” says Daniel Kanter, a homeowner with five years under his belt. Especially in your first year, when your happiness, eagerness (and sometimes ignorance) might convince you to make one of these eight mistakes:

#1 Going With the Lowest Bid

The sounds your HVAC system is making

119 Views, 0 Comments

Getty Images | Underwater Home Loan

by Steve Sinovic /Albuquerque Journal Staff Writer

In more good news for the real-estate market, thousands of Albuquerque-area residents have regained equity in their homes.

At the end of last year, 5.3 percent of all residential properties with mortgages in the metro area, or 9,359 homes, were in negative equity. That compares to 9.5 percent in December 2015, or 16,701 homes, according to home-equity data from CoreLogic. Having negative equity, often referred to as being “underwater” or “upside down,” applies to borrowers who owe more on their mortgages than their homes are worth. Negative equity, one of the long shadows cast by the housing bubble, can occur because of a decline in home value, an increase in mortgage debt or both.

The growth

183 Views, 0 Comments

by Dona DeZube for HouseLogic.com

Here are the tax tips you need to get a jump on your returns.

Owning a home can pay off at tax time. Take advantage of these home ownership-related tax deductions and strategies to lower your tax bill:

Mortgage Interest Deduction

One of the neatest deductions itemizing homeowners can take advantage of is the mortgage interest deduction, which you claim on Schedule A. To get the mortgage interest deduction, your mortgage must be secured by your home -- and your home can be a house, trailer, or boat, as long as you can sleep in it, cook in it, and it has a toilet.

Interest you pay on a mortgage of up to $1 million -- or $500,000 if you’re married filing separately -- is deductible when you use the loan to

202 Views, 0 Comments

Winter pruning - Getty Images

Winter is a great time to prune your trees and shrubs!

And if you'd like to hire a professional, the Albuquerque Bernalillo County Water Utility Authority (ABCWUA) may be able to help. Their Tree-Bate program offers rebates for professional tree care – up to $100 for residential customers!

ABCWUA Tree-Bates!

Trees, while they do require water to survive, actually aid conservation by providing shade and reducing water loss to evaporation, not to mention the many other environmental benefits they bring to our community.  In order to promote proper care in our dry climate, the Water Authority offers “Tree-Bates” to help cover the costs of tree maintenance -- and even the purchase of new trees!   The “Tree-Bate” is 25 percent of the cost of…
248 Views, 0 Comments

Updated Servicing Rule Provides Surviving Family Members and Other Homeowners with Same Protections as Original Borrowers

Washington, D.C. (August 4, 2016) – The Consumer Financial Protection Bureau (CFPB) today finalized new measures to ensure that homeowners and struggling borrowers are treated fairly by mortgage servicers. The updated rule requires servicers to provide certain borrowers with foreclosure protections more than once over the life of the loan, clarifies borrower protections when the servicing of a loan is transferred, and provides important loan information to borrowers in bankruptcy. The changes also help ensure that surviving family members and others who inherit or receive property generally have the same protections under the

404 Views, 0 Comments

house numbers

House numbers are more than a convenience for pizza delivery. They are important to your family’s safety.

Emergency services need to see your house numbers to find you. That is why the City of Albuquerque passed an ordinance requiring all buildings, both residential and commercial, to have easy-to-find numbers on the property. 

If you don’t have house numbers on your property, one of the easiest DIY solution is to paint them on your curb.

For this beginner DIY project, you will need; 

  •              Painters tape
  •              Number stencils
  •              White spray paint
  •              Black spray paint
  •              Paint brush and paint remover (for touch ups/overspray)

 

Step 1: Sweep and clean the curb. Once dry,

853 Views, 0 Comments

patio idea

By: Lisa Kaplan Gordon

Upgrading your outdoor spaces? Here are upgrades that landscape architects rate as most popular.

If you’re thinking of sprucing up your yard, install what you love; but also pick upgrades that will increase your home’s value and, someday, attract buyers.

The new "2014 Residential Landscape Architecture Trends Survey" by the American Society of Landscape Architects clues you in on what outdoor features are trending up: 

1.  Outdoor lighting (98.3% of architects rated this as very popular): With today’s solar and LED lights, it’s a low-cost upgrade, too. 

2.  Terraces, patios, and decks (97.7%): Adding any of these features is like adding another room to your home for much of the year.

3.  Low-maintenance landscaping

359 Views, 0 Comments