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10 States Where Building a Home Beats Buying One

March 3, 2023 by Brett Tams

Right now, in more than a third of the country, you can save money by building instead of buying.
Posted in: Credit Cards Tagged: 2, 2017, 2021, 2022, 2023, 30-year, All, average, baltimore, bidding, bidding wars, build, building, Building a Home, Building Your Own Home, Built, Buy, Buying, Buying a Home, california, Cities, city, Colorado, company, construction, cost, country, couple, data, dream, dream home, Economy, expense, Family, Federal Reserve, Financial Wize, FinancialWize, fixed, Florida, future, hawaii, home, home construction, home listing, home size, Homebuilders, Homebuyers, homeowners, homes, homes for sale, Housing, Housing market, Housing markets, housing prices, idaho, Inflation, interest, inventory, Land, landscaping, low, making, market, markets, Maryland, Maui, money, montana, More, Mortgage, Mortgage Rates, new, new home, new home construction, pressure, price, Prices, property, property tax, rate, Rates, ready, right, rocky mountain, save, Save Money, savings, single, single-family, southern california, springs, square footage, states, storage, Style, tax, tax rates, under, Utah, virginia, walking, will, workers

Houses Offer More Square Feet for the Money in These 10 Markets

February 15, 2023 by Brett Tams

These are the cities where you can get a bigger house at a relatively affordable price.

Posted in: Moving Guide Tagged: 2, 2021, 2022, 2023, affordable, affordable homes, Alabama, All, apartments, ARMs, big, Budget, Buy, buyers, choice, Cities, city, data, estate, Financial Wize, FinancialWize, Georgia, georgia homes, good, great, home, home size, Homebuyers, homeowners, homes, house, Housing, Housing market, Housing markets, houston, indiana, jobs, Kansas City, Life, list, Live, market, markets, missouri, money, More, Mortgage, mortgage payment, MORTGAGE RATE, most popular, Moving, new, News, offer, Oklahoma City, place, plan, Popular, rate, ready, Real Estate, Rent, retirees, self-employed, sellers, square footage, stable, Starting Out, states, Tennessee, virginia, volatility, winter, workers, Zillow

8 Tips on How to Buy a House in 2019

February 11, 2023 by Brett Tams

Step-by-Step Tips to Help You Buy a House Buying a home can be an exciting milestone in your financial journey. But along with the prospect of a positive investment and a place to call your own, comes some confusion and even frustration for home buyers trying to make sense of the terminology and steps involved

The post 8 Tips on How to Buy a House in 2019 appeared first on MintLife Blog.

Posted in: Minimalist LIfestyle Tagged: 2, 2022, active, advisor, agent, agents, aid, All, Applications, appraisers, ARM, ARMs, ask, assessment, assets, author, Bank, basics, Bedrooms, before, Behavior, Benefits, big, bills, Blog, bonus, Budget, Budgeting, build, Buy, buy a house, buyer, buyers, buyers market, Buying, Buying a Home, Buying a house, CFPB, checklist, city, closing, closing costs, color, commuting, company, Connecticut, cons, Consumer Financial Protection Bureau, Consumers, contingencies, cost, Credit, credit card, credit score, credit scores, data, Debt, debt-to-income, Debts, decision, Department of Housing and Urban Development, disclosure, down payment, Down payments, dream, DTI, due diligence, education, Employment, equity, estate, event, existing, expectations, expenses, experience, Fall, Family, Fannie Mae, Fees, FHA, FHA loan, FHA loans, Finance, finances, Financial Advisor, Financial Goals, financial journey, Financial Planning, Financial Wize, FinancialWize, financing, fixed, flooding, floor, Freddie Mac, funds, future, goal, goals, good, good credit, government, Graphic, Grow, guide, Happiness, healthy, heating, Hiring, history, hoa, HOA Fees, home, Home & Refinance, Home appraisal, home buyers, home buying, home buying process, home equity, Home equity loans, home inspection, home inspector, home loan, home loans, Home maintenance, Home Ownership, home prices, home size, Homebuyers, Homeowner, homeowners, homeowners insurance, homeownership, homes, house, Housing, Housing Finances, Housing markets, How To, HUD, impact, Income, inspection, inspections, Insurance, interest, interest rate, interest rates, interview, Invest, Investing, investment, items, job, journey, jump, kids, kitchen, Law, layout, Learn, lenders, lending, Life, Listings, Live, loan, Loans, Local, Location, location, location, low, LOWER, Main, maintenance, Make, making, market, markets, memories, meta, Mint, mint.com, mobile, money, More, Mortgage, mortgage interest, Mortgage Interest Rates, mortgage lender, mortgage lenders, mortgage loan, MORTGAGE RATE, Mortgages, Move, Moving, moving costs, natural, needs, neighborhoods, new, offer, offers, office, Offices, open houses, opportunity, organization, Other, ownership, party, payments, percent, Personal, place, plan, Planning, Popular, pre-approval, present, preservation, Prices, programs, property, property taxes, pros, Pros and Cons, protect, protection, Purchase, quality, questions, rate, Rates, reach, ready, Real Estate, real estate agent, Real Estate Agents, rental, rental applications, renting, resale, resale value, Residential, returns, right, risk, room, rural, safety, sales, save, savings, Savings Account, schools, search, searching, second, security, Sell, seller, sellers, selling, shopping, Shopping for a mortgage, shopping for the home, social, social security, space, Spending, square footage, states, student, student debt, Student Loans, Style, target, tax, tax returns, taxes, Terminology, The Neighborhood, time, timeline, tips, title, Title Insurance, tools, TransUnion, U.S. Department of Housing and Urban Development, USDA, VA, VA loans, value, variable, veterans, W-2, wants, white, will, work, working, Yard

Citibank Mortgage Review

February 4, 2023 by Brett Tams

Previously known as the City Bank of New York, Citibank was founded in New York City on June 16, 1812. Citibank is now the consumer division of Citigroup, a multinational financial services organization that also works with corporations, governments, and institutions. Citi’s global headquarters remain in the city of its founding. With over 200 years of experience […]

The post Citibank Mortgage Review appeared first on Good Financial Cents®.

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Does the American dream require a big American home?

February 2, 2023 by Brett Tams

This is a guest post from Steve Adcock, who writes at Think Save Retire, a blog about early retirement and Financial Independence. Steve and his wife retired in their mid-thirties to travel full time in an Airstream trailer. For more info, check out their YouTube channel.

One of the most deeply-embedded pieces of the “American Dream” is the desire for a large, spacious home with lots of sitting rooms, corners, nooks, and crannies. Large dining rooms and other entertainment spaces! Wrap-around porches! Two- or three-stall garages and one heck of a master suite!

To many of us, a large home is a mark of success. A big house indicate status, and the more space we’re able to call our own, the more successful we look and feel.

But, what if I told you that most of us don’t use even a fraction of that space? That’s not just me talking. A research team affiliated with the University of California studied American families and where they hung out the most inside their homes, how (and where) clutter builds, and the general stress level associated with living big.

The findings were overwhelming: The majority of the space in our homes is wasted.

How We Use Our Homes

As J.D. shared on Saturday, researchers at UCLA conducted a detailed study of 32 dual-income families living in the Los Angeles area, one of the first studies to document so vividly how we interact with the things for which we’ve paid good money. The findings were not pretty. In fact, they helped prove how little we use our big homes for things other than clutter or objects that hold little intrinsic value.

From the press release:

The researchers doggedly videotaped the activities of family members, tracked their every move with position-locating devices and documented their homes, yards and activities with reams and reams of photographs. They asked family members to narrate videotaped tours of their homes and took measurements at regular intervals of stress hormones via saliva samples.

When I originally wrote about the study, I took special note of where families spent the large majority of their time. In the following UCLA-published diagram of one family that was studied, we can easily observe a truth that’s probably common among so many of us: We tend to congregate around two primary areas of the home: food preparation/eating and television.

Time spent in the home

While this diagram only represents a single family, the results of the study suggest that this family is very typical of most of those studied, and the majority of traditional homes.

Posted in: Home Buying, VA Loans Tagged: 1970s, 2016, advice, air, All, American Dream, Appreciate, bathroom, bed, bedroom, Bedrooms, beds, before, big, bigger homes, Blog, Built, Buy, buy a home, Buying, california, car, cars, Census Bureau, city, Clean, cleaning, clutter, consumption, cost, couch, country, data, desk, dining, dining room, dogs, downsizing, dream, driveway, Early retirement, Emotions, entertaining, Entertainment, expensive, experience, Family, financial independence, Financial Wize, FinancialWize, food, Fraction, furniture, General, good, Grow, guest, guest post, Happiness, heating, hold, home, Home & Garden, home buying, home size, homes, house, Housing, Income, internet, jobs, kitchen, kitchens, Life, Live, maintenance, Make, money, More, Mortgage, Mortgages, Move, needs, neighborhoods, new, office, Other, park, payments, pinterest, pool, porch, pretty, protect, relentless, Rent, Research, retirement, risk, room, RV, save, security, Sell, shopping, shower, single, single-family, sinks, small space, space, Spending, story, stress, suite, summer, tax, television, time, title, tour, traditional, traditional homes, Travel, U.S. Census Bureau, unique, value, Video, wealth, will, work, youtube

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