The scorched remains of a World War II blimp hangar in Tustin are being razed as air quality officials call nearby asbestos levels “below any level of concern” while continuing to urge neighbors to take safety precautions.
The enormous wooden military relic went up in flames Nov. 7, showering ash and debris — later found to contain asbestos — on nearby residential neighborhoods.
The 17-story hangar smoldered for more than a week, and residents have struggled to get information about the fallout on air quality and airborne contaminants, including when debris will be removed from their properties. While the property is owned by the Navy, a mix of government agencies have been involved in the firefight and aftermath, including the Orange County Fire Authority and the South Coast Air Quality Management District.
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“Our biggest frustration overall is that there’s just nobody in charge,” nearby resident Jeff Lawrence told The Times.
Deconstruction of the hangar should be completed in the next day or two, Tustin officials said Saturday. Plans call for extinguishing all remaining hotspots of the fire, using heavy equipment excavators to remove debris and clearing roadways so water trucks can reach all areas of the hanger.
The trucks equipped with nozzles and hoses will be used for fire suppression and dust abatement throughout the process. The hangar doors and their supporting concrete pillars will be stabilized and left in place for the time being.
“Since monitoring began, all particulate matter from smoke and fire data at community sites are well below any level of concern,” the city said in a statement. “Asbestos sampling data received to date are also well below any levels of concern.”
Most schools in the area have been cleared for on-campus instruction attendance, but a few are still being inspected by asbestos consultants, the Tustin Unified School District said on its website Sunday.
Most public parks are open, but Centennial Park and Veterans Sports Park remain closed until further notice, parks officials said.
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The Orange County Healthcare Agency recommends people who believe their neighborhood has been affected by fire debris take such precautions as keeping doors and windows closed and not running air conditioning systems that draw in outside air. Avoid activities that will displace debris related to the fire, such as sweeping, leaf blowing, mowing and gardening.
Blocks of the city where bulk debris from the fire has been collected are shown a map on the city website.
Times staff writer Hannah Fry contributed to this report
It’s a fact: Buyer-side commissions are no longer a guarantee and no longer an entitlement. You can’t just assume you’ll be receiving a set percentage on every transaction.
Though this seems like a whole new stress-inducing worry for many real estate agents, the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets.
Builders don’t all pay the same buyer-side commissions; some don’t pay any buyer-side commissions.For Sale By Owners are the same. It’s time to get better at proving your worth on the buyer side, because soon you may have to ask your buyers to pay all or some of your fee.
So how do you provide overwhelming value to your buyer clients?How can you become more comfortable asking for an exclusive buyer agreement and have an expectation to be paid for your hard work?
Fact: If you’re not doing anything for your buyers that they can’t do on their own, why would they hire you in the first place, much less pay your fee?
Goal: Provide such overwhelming value that you’re all they’re talking about to their friends! Repeat, referral, lather, rinse and repeat.
Here are the top five ways to provide value to your buyer clients.
1. Present to your buyer clients just like you would in a listing presentation.
Outline exactly what the buying process is, what your role is, what the homebuyer’s role is and how you’ll be working together to accomplish their goals.
More and more, you’ll start to compete for buyer business in a similar way you do for listings now.
2. Find them their dream home.
One of the top concerns for homebuyers as well as agents right now is the historic lack of inventory. It’s YOUR job, not theirs to find the right home for their needs. Stop waiting for them to send you a link to the house they want to see next. Drill down on their needs and get out there and find it for them.
Be more creative in your MLS searches. Change the search area, change the type of home or find an equally great school district to look in that has more inventory. Remove square footage as a requirement. Instead, look for a three-bedroom with a loft instead of only four bedrooms, for example.
3. Offer them solutions to get a better-than-average mortgage rate. You don’t have to know as much as your competent mortgage lender does, but you should be able to competently discuss options, such as rate buy-downs, adjustable-rate mortgages and how to pay points to lock in a lower rate on a 30-year fixed mortgage.
Loop your buyer’s lender into the mix and have coffee with your buyer clients and the loan officer to discuss loan options that meet their goals.
4. Be a matchmaker. You must be more proactive than your buyer is in the property search.If they’re dying to be in just one specific neighborhood, door-knock that neighborhood for them to uncover the next motivated seller.
If they are in a new construction price range but haven’t really considered it, go take a video of a home that could be a match for them and see what their thoughts are. If there’s a For Sale By Owner in their desired neighborhood and price range, go talk to that seller, take a video and set up a showing (before your buyer does that without you).
5. Be one step ahead of the process once they’re under contract.
This is where being proactive matters. Overcommunicate. Manage the inspection process so they don’t freak out over small items.
Help set up their utilities for them, recommend movers, homeowner’s insurance companies and anything else to alleviate stress. Show your value by making the process smooth and pleasurable instead of stressful and confusing.
Tim and Julie Harris host a podcast for real estate professionals. Tim and Julie have been real estate coaches for more than two decades, coaching the top agents in the country through different types of markets.
If you’re getting ready to buy your first home, there are probably thousands of questions running through your mind. Questions about location, real estate services, expenses, and more — it’s a huge financial commitment and you probably want to make sure you have the best chance at getting exactly what you want. While it can be a difficult process to navigate, there is help for first-time homebuyers, from resources and advice to first-time homebuyer programs to help you finance a home.
If you’re worried you won’t ever be able to purchase a home, take a deep breath and a good look at your finances. You can start by reviewing your current financial situation and beginning to save for a down payment. (There are investment accounts and savings options that can help you reach your goal of buying a home, too.) Here are 12 helpful tips for first-time homebuyers.
1. Know Your Credit Score
Your credit score is typically very influential in determining what kind of interest rate you can get on a home mortgage loan. You can get one free credit report from each of the three major credit bureaus (Equifax®, Experian®, and TransUnion®) every 12 months, and may also be able to view free reports more frequently online. You can review your credit report to spotlight any errors that may affect what lenders are willing to offer you.
If you find any errors, you can report them and have them removed. This process can sometimes take a while, even if the mistakes are obvious, so consider starting a credit report review early on in your home-buying process.
2. Calculate What You Can Afford
Do you know how to figure out how much house you can afford? While the size of your mortgage is generally determined by an evaluation of your personal finances and debt, there are a few rules of thumb that may be relevant.
One general guideline is that your housing costs, including your mortgage payment, should, ideally, be no more than 28% of your gross monthly income.
If you are paying off student loans, credit card debt, or have a car payment, you may want to adjust your budget accordingly. Some people try to keep their debt to 36% of their gross monthly income, so that they can still prioritize financial goals like saving for retirement. (This is just another rule of thumb and everyone’s financial goals are different.)
And having less debt may make you more appealing to mortgage lenders. Understanding how much money you feel comfortable spending on a house can, in turn, impact the properties you consider. As you build your budget, you can also check out SoFi’s mortgage calculator.
3. Look into First-Time Homebuyers’ Programs
While you are evaluating your options and creating your budget, it could be worth looking into some first-time homebuyers’ programs. Some programs offer down payment and closing cost assistance, or loans with reduced interest rates.
There are a variety of options available for first-time homebuyers looking for assistance. For example, the Federal Housing Administration offers a mortgage insured by the FHA. These loans often come with competitive interest rates and allow for smaller down payments.
The USDA also helps first-time homebuyers with a program focused in rural areas. And the VA loan program provides assistance to active duty military members, veterans, and surviving spouses. There are even more first-time homebuyer programs and loans available from various states as well.
4. Understand the Expenses
There are plenty of other expenses that come with purchasing a home beyond your down payment and closing costs. For example, when you’re renting property, you don’t have to worry about property tax or general maintenance. When you own property, you do.
In addition to property tax, you’ll likely also need insurance to protect your new home. And you’ll be responsible for maintaining the property, of course, which can include painting, replacing windows, updating the roof, replacing appliances, and more regular maintenance and upkeep.
You may also need to factor in additional purchases like a lawn mower or professional landscaping if the property you are looking at has a yard. Will you need to buy a snowblower to clear the driveway during long winters? These are all factors that can come into consideration when figuring out the cost of your new home.
Check out our Home Affordability Calculator to estimate how much house you can afford.
💡 Quick Tip: Jumbo mortgage loans are the answer for borrowers who need to borrow more than the conforming loan limit values set by the Federal Housing Finance Agency ($726,200 in most places, or $1,089,300 in many high-cost areas). If you have your eye on a pricier property, a jumbo loan could be a good solution.
5. Remember that Location Matters
Location is, obviously, important to many buyers. In some cases, you may have to decide if being in the neighborhood you want is more important than having extra square footage or other, similar trade-offs.
If you have kids or are planning to, you will likely be considering the school district each potential property falls in. Even if you aren’t planning to have kids, it could be worth considering the school district since it can have an impact on the value of your property and could make it easier to sell the house down the line.
6. Plan for the Future
Zoning laws and development plans are another factor to consider when house-hunting. If there is undeveloped land nearby, it can’t hurt to do some digging and see if there are any plans for development.
It may also be worth looking into the property value of other homes in the area. Have they been declining in recent years? If so, this could impact the future value of a home you’re considering.
7. Use Your Imagination
When shopping around for houses, you can take the opportunity to look at a property’s potential, as well as its current value. It’s easy to be distracted by the current owner’s décor, paint, carpet, or other factors that are easy to change. You can easily repaint or update the appliances, but you won’t be able to adjust the location, floorplan, or add rooms to the home as easily. 💡 Quick Tip: Backed by the Federal Housing Administration (FHA), FHA loans provide those with a fair credit score the opportunity to buy a home. They’re a great option for first-time homebuyers.
8. Reserve Cash for Home Improvements
When you’re getting ready to put a down payment on a house, it may be tempting to clean out your savings account. And while that’s completely understandable, keeping your emergency fund close at hand may be a good idea when becoming a homeowner.
After closing costs have been sorted out and you’ve moved into your new home, you might find that unexpected repairs pop up. Having a reserve stash of cash can be helpful if the roof in your new home starts leaking, or you need to replace an appliance.
9. Get a Real Estate Agent
With all of the housing apps and free resources available on the internet, it may seem like a real estate agent is unnecessary. But in reality, navigating the housing market can be tricky and hiring an agent up front can save you time and help make your home-buying experience easier.
While you could spend your time going to open houses and scouring real estate listings, an agent can tailor the home search so that you spend less time looking at houses that don’t meet your criteria. They also can have access to new listings that aren’t yet on the market and may be willing to “preview” homes for you. A real estate agent can also help you navigate the intricacies of contract negotiations and paperwork. If you’re wondering how the real estate agent gets paid take heart: They are typically paid from the seller’s proceeds.
10. Know What to Expect from a Home Inspection
Having a home inspection completed is a critical step in buying a home. Inspection procedures vary from state to state, so it can be important to understand what is included in the home inspection in your state, since this is a great chance to truly examine the property and uncover any issues—before they become your issues.
Inspectors should have access to every part of the house including the roof and crawl spaces, and you should be able to attend the inspection yourself.
Don’t be afraid to ask the inspector questions; the more information you have, the better prepared you can be to decide if this is the right house for you.
11. Negotiate the Offer
You’ll have an opportunity to negotiate when you’re making an offer on a house. A lot of factors can influence an offer and negotiating terms in your favor could result in serious savings, especially if you are in a buyer’s market.
If you are working with a real estate agent, they can help give you a good idea of what is considered a reasonable purchase bid by providing comparable sales. A “comparable” is a home similar to the one you are considering (and in the same condition and location) that has sold in the last three months. An agent can help give you an estimated price range and manage your expectations.
12. Find the Right Mortgage
Before committing to a mortgage, it’s smart to shop around and see what various lenders are willing to offer you. A few things to consider include the interest rates, loan terms, application process (Is it lengthy? Online only?), and any hidden fees included in applying for or repaying the mortgage. Familiarize yourself with the different types of mortgage loans available during this shopping process.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% – 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It’s online, with access to one-on-one help.
SoFi Mortgages: simple, smart, and so affordable.
Photo credit: iStock/PeopleImages
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.
Nestled within the larger Dallas-Fort Worth metropolitan area, Plano has evolved into one of Texas’ most appealing cities.
The question, “Is Plano Texas a good place to live?” has become prevalent among many seeking to relocate within Texas. Through an exploration of its residential, educational and recreational facets, this comprehensive study seeks to provide insights into living in Plano, Texas.
Cost of living
One of the vital concerns of anyone looking to relocate is the cost of living. In Plano, the cost of living index sits slightly above the national average. Housing, being a significant factor, sees median home prices and average monthly rents higher than in other cities within Texas. However, when compared to downtown Dallas or Fort Worth, Plano offers a more affordable residential experience. Moreover, the absence of state income tax in Texas lightens the financial load for Plano residents.
Education
Plano prides itself on its robust educational framework, with the Plano Independent School District leading the charge. Offering numerous highly-rated public schools, including the notable Plano Senior High School, the city ensures a quality education for its youth. Moreover, the proximity to various colleges and universities within the Dallas area enriches the educational landscape further.
Employment opportunities
The city serves as a corporate hub, hosting headquarters of renowned companies like JP Morgan Chase and Frito Lay. This influx of corporate entities has bolstered job opportunities in Plano, particularly for young professionals. The median household income in Plano is noticeably higher than the national average, making it an economically attractive destination.
Safety
Ranked among the safest cities in America, Plano boasts a low violent crime rate. The sense of a safe community enhances the appeal of living in Plano, Texas, especially for families.
Recreational amenities
Recreational options abound in Plano. From the historical charm of Downtown Plano to the upscale shopping and dining experiences in Legacy West and West Plano, there’s something for everyone. Nature enthusiasts often find solace in outdoor spaces like the Arbor Hills Nature Preserve. Moreover, the plethora of parks, golf courses and hiking trails offer respite from city life.
Accessibility
The well-structured Dallas Area Rapid Transit (DART) system extends to Plano, facilitating easy commutes to Dallas and other parts of the Dallas Metroplex area. Additionally, the proximity to major highways and the Dallas/Fort Worth International Airport enhances Plano’s accessibility.
Weather
Residing in Tornado Alley, Plano does experience extreme weather conditions, including tornadoes and heavy rain. The city experiences a warm climate with an average high temperature that is often on the higher side. However, the generally mild winters could be appealing to those from colder climates.
Neighborhoods
Plano is home to several affluent areas with great neighborhoods offering a mix of new construction and well-maintained older homes. Whether it’s the historic charm of Downtown Plano or the upscale allure of West Plano, finding your dream home in one of the best neighborhoods is achievable.
Social life
For those who revel in social activities, Plano has much to offer. From live music events to a thriving date night scene with great restaurants, the city provides an engaging social life. The myriad coffee shops and eateries offer spots for social interactions and the enjoyment of great food.
Community
The city has a higher population density compared to other Texan cities, yet Plano residents enjoy a tight-knit community feel. Various cultural events and community programs are commonplace, promoting inclusivity and a sense of belonging among the residents.
Comparatively cheaper living
When the cost of living in Plano is pitted against Dallas, Plano emerges as a more cost-effective option. Despite its affluent aura, the cost of living in Plano, particularly housing and property tax, tends to be lower than in Dallas, thus making it a more economical choice for those looking to live comfortably.
Conclusion: Living in Plano
Taking into account the excellent school system, robust job market, and the safe, friendly neighborhoods, Plano Texas proves to be a promising land for families, young professionals, and retirees alike.
The blend of urban sophistication, cultural richness and recreational variety makes living in Plano an enriching experience. With its continual growth over the past few years, Plano is not only a substantial economic contributor within Texas but also a warm, welcoming home to its residents.
Ready to plant roots in your Plano paradise? Take a look at our available apartments for rent.
Find lovely beaches, lush parks and peaceful neighborhoods in Cape Coral.
Is Cape Coral a good place to live? This question has crossed the minds of many prospective residents eyeing the sunny shores of Southwest Florida.
Cape Coral, located near Fort Myers, has a reputation for its lovely beaches, lush parks, and peaceful neighborhoods. In this comprehensive exploration, we dive into the various facets of living in Cape Coral to provide a well-rounded view of what life here truly entails.
Geographical beauty and outdoor fun
Cape Coral is dubbed as the “Waterfront Wonderland” owing to its over 400 miles of navigable waterways. The city’s geographical location by the Caloosahatchee River and Gulf Coast provides numerous avenues for waterfront living.
Residents revel in the close proximity to exotic beaches like Fort Myers Beach and Pine Island. The presence of several parks and natural preserves enhances the appeal for individuals who cherish the great outdoors.
Recreational activities
The city is a hub for a variety of outdoor activities including fishing, boating and hiking. The warm sunny weather, which graces the city year-round, creates a perfect atmosphere for residents to lead an active lifestyle.
The local flora and fauna add to Cape Coral’s charm. The city is known for its burrowing owls, which are not only a sight to behold but also reflect the area’s biodiversity.
Affordability
One of the prominent attractions of living in Cape Coral is its affordability. The city has a cost of living that’s below the national average, making it an enticing location for individuals on a budget.
Real estate
The real estate market in Cape Coral is relatively stable with a variety of housing options ranging from waterfront properties to suburban homes. Home prices are reasonable, providing new residents with a chance to own property in a beautiful city without breaking the bank.
Tax benefits
Florida is known for its friendly tax policies as there is no state income tax, which bodes well for both young adults and senior citizens looking to save on taxes. The lower cost of living extends to utility prices which are also below the national average.
Crime rate and safety
Cape Coral boasts a lower crime rate compared to larger cities in Florida. The lower rates of violent crime and property crime make it a safe community for families and individuals alike.
Economic growth and employment
Cape Coral is experiencing significant growth with a burgeoning economy. The influx of new residents and businesses has led to a robust real estate market and a growing city infrastructure.
The proximity to nearby Fort Myers expands employment opportunities for Cape Coral residents, who can commute for work and still enjoy the peace and tranquility that Cape Coral offers.
Education
Public schools in Cape Coral are part of the Lee County School District, which has a reputation for quality education. Additionally, there are several reputable private schools providing residents with a variety of educational options for their children.
Cultural richness and demographic diversity
Cape Coral hosts various cultural events year-round, providing residents with opportunities to immerse themselves in local and international cultures. The vibrancy of the local arts scene is a testament to the city’s cultural richness.
The city is home to a mix of young adults, families and senior citizens, creating a diverse community. This demographic mix enriches the life in the city and fosters a sense of community among residents.
Cons of Cape Coral life
While there are many benefits to living in Cape Coral, there are drawbacks too. Some residents might find the city to be too quiet, especially when compared to the bustling activity in nearby cities like Miami. The summer months can get exceedingly hot and humid, which might not suit everyone.
Also, the influx of seasonal residents during winter can lead to crowded streets and longer wait times at local establishments.
Living in Cape Coral comes with the reality of facing the hurricane season. The city’s location on the Gulf Coast exposes it to the risk of hurricanes and storm surges, with Hurricane Ian being a notable mention.
Living in Cape Coral
Cape Coral, with its beautiful beaches, affordable living and growing economy, certainly has a lot on offer for prospective residents. While the city has its share of challenges like facing the hurricane season and experiencing seasonal population fluctuations, the positives of living in Cape Coral, FL far outweigh the negatives for the most part.
The city is indeed a great place for individuals and families seeking a serene environment, lower cost of living and a community-centric lifestyle amidst the beauty of Southwest Florida.
Ready to find your Cape Coral rental paradise? Look at apartments for rent here.
Mortgage rates that spiked last year have continued to rattle Colorado Springs’ housing market in 2023.
In September, for example, year-over-year home sales fell for the 16th consecutive month, a recent Pikes Peak Association of Realtors market trends report shows.
Homeowners who were able to sell their properties within days — and even hours — two to three years ago waited more than five weeks, on average, last month for a buyer to come along, according to the report.
A Pikes Peak Regional Building Department report shows that while single-family building permits — which signal the construction of new homes — rose modestly in September compared with the same time last year, last month’s total nevertheless was the lowest for any September since 2011 and continued a mostly weak trend of building permit numbers for the year.
“The market was dramatically affected by the rapid, historical increase in mortgage rates,” said Gordon Dean, a real estate agent with Re/Max Advantage in Colorado Springs and the incoming board chairman of the Pikes Peak Association of Realtors.
From mid-2019 through 2021, 30-year, fixed-rate mortgages — the most common loan for homebuyers —plunged to an average of 3% and below nationally, according to mortgage buyer Freddie Mac.
Those historically low rates fueled homebuying nationwide and, combined with a shortage of new and existing properties available for purchase, sent home prices to record highs in markets such as Colorado Springs. Home sellers often fielded multiple offers for their properties and frequently received bids that topped their asking prices by thousands and tens of thousands of dollars.
When 2022 began, 30-year, fixed-rate loans averaged 3.22% nationally, Freddie Mac figures show.
After the Federal Reserve began to hike interest rates last year to curtail soaring inflation, however, mortgage rates began a steady ascent. By year’s end, after briefly topping 7%, long-term mortgage rates stood at 6.42%.
Long-term rates stayed below 7% for much of this year, but began to climb again in late summer. By mid-August, 30-year, fixed-rate mortgages had jumped again; on Thursday, they rose to a national average of 7.57%, which was the highest since 2000.
“Several factors, including shifts in inflation, the job market and uncertainty around the Federal Reserve’s next move, are contributing to the highest mortgage rates in a generation,” Sam Khater, Freddie Mac’s chief economist, said in a news release this month. “Unsurprisingly, this is pulling back homebuyer demand.”
And because many homebuyers felt priced out of the market because of higher rates or they no longer could qualify for a mortgage, the pace of buying, selling and construction slowed in Colorado Springs and the Pikes Peak region, along with other areas nationwide.
“I think it’s a good market because the demand is high,” said Grace Covington co-owner and co-CEO of Covington Homes, a Springs builder.
“We have a lot of people who are ready, willing and want to buy, (but) just not able because of interest rates.”
With the third quarter in the books, here’s a snapshot look at where conditions stand for Colorado Springs’ single-family housing market:
• Home sales have fallen and can’t get up — or so it seems.
Space Command decision expected to positively impact Colorado Springs real estate market
In September, Colorado Springs-area home sales totaled 1,008, a 22.1% decline from the same month last year, the Realtors Association’s market trends report and Gazette historical data show. Likewise, last month’s total was the fewest number of home sales for any September since 2013.
“That’s not much, literally,” real estate agent Harry Salzman of Salzman Real Estate Services and ERA Shields Real Estate said of September’s sales.
Other numbers in the association’s market trends report and Gazette historical data that underscore the slowdown in sales: Year-over-year home sales have dropped each month since June 2022; sales for the first three quarters of this year totaled 9,402, a 24% drop from the same period a year ago; and year-to-date sales for 2023 are at their lowest point since the same period in 2014.
Also, homes spent an average of 38 days on the market before selling in September, up from 25 days a year ago.
• Pickings still are relatively slim when it comes to finding a home to purchase.
The supply of homes listed for sale at the end of September totaled 2,484. On the one hand, that total rose 2.6% over August and was the highest for any month since October of last year.
Yet, from a historical standpoint, inventory is low. In pre-Great Recession years, September listings routinely topped 4,000, which provided homebuyers with many more choices, Gazette historical data show.
Residents in Colorado Springs’ outlying areas watch as growth creeps closer
Some owners who bought their properties or refinanced when mortgage rates were in the 3% neighborhood and are considering selling are holding on to their properties for now, which has contributed to the tight inventory, real estate experts say.
Sure, those homeowners might want to move up or downsize, but they’re not willing to abandon their rock-bottom mortgage rate and take on a new loan that’s in the 6% to 7% range, the experts say.
At the same time, some homebuyers who purchased in 2021 or 2022 haven’t seen their values appreciate enough to a point where they can sell their property and get the price they need to pay off their mortgage and real estate costs, said Patrick Muldoon, broker/owner and president of Colorado Springs real estate company Muldoon Associates.
As a result, those homeowners aren’t selling, he said. Instead, they’re calling the property management side of his business, Muldoon said, and looking to rent their homes. That keeps those properties from being added to the overall inventory of houses for sale.
“I can’t sell my house or I tried to sell my house or I’m upside down on my house and my next option is, I’m a forced landlord,’” Muldoon said he’s hearing from some homeowners.
• Despite slow sales, home prices rose in September.
The median price of homes that sold last month rose to $475,000, a 3.3% year-over-year increase, the Realtors Association report shows. It was the first year-over-year increase in median prices since November 2022.
But if sales fell in September, why did prices increase? Blame tight inventory, Salzman said.
“It’s got to be supply and demand. Not a doubt,” he said. “We don’t have very many selections for people to take a look at, no matter what the price range is. Particularly, even if you’re, say, under $500,000 in a purchase price? There’s not much inventory to select.”
As a result, some sellers can list their homes at prices that are a little more aggressive than a few months ago, Salzman said.
“You’re going to get a better price today because if you’ve got a buyer today at these interest rates, they’re a motivated buyer,” he said. “And when you’re a motivated buyer, sometimes you might have to pay a little more, like we did a couple years ago, because there’s no inventory.”
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5 growth hotspots around Colorado Springs: A closer look
Muldoon suggested that the latest figures showing an increase in median prices in September might be misleading. Some of the homes that sold last month are on the high end of the price range, which pushed up the overall median price, he said.
A real estate agent friend told him “we’re only grading the winners,” Muldoon said. “We’re looking at the stats and we’re only grabbing the houses that have sold, and those houses that have sold are the upper end of the bell curve.”
And some sellers still are getting top dollar for their properties, even as the market has cooled.
Attractive properties that are in good condition and priced correctly to reflect the current market and comparable homes in their neighborhood still can receive multiple offers — just not nearly as many as a few years ago, said Dean, of Re/Max Advantage.
“When you can provide someone in a desirable school district and great condition and, hypothetically, a stucco rancher with three bedrooms on the main (floor), that is a golden goose egg in the marketplace and I would be shocked if, priced correctly … it’s probably going to draw multiple offers,” Dean said.
In fact, he said he and his wife, Amy, who’s also a real estate agent, marketed a home that fit that description — and fielded a cash offer that came in about $15,000 over the seller’s asking price.
• The new home side of the housing market also has felt the effects of high mortgage rates.
In September, building permits issued for the construction of single-family, detached homes totaled 136, a slight, 1.5% increase over the same month a year earlier, according to the Pikes Peak Regional Building Department. That figure doesn’t include townhomes, condominiums or duplexes.
As Colorado Springs grows, 20-somethings are the fastest growing cohort
Even with last month’s increase, and an inflated number of permits that builders pulled in June in advance of a building code change taking effect, single-family permits for the first nine months of 2023 totaled 1,791 — a nearly 35% nosedive from 2,738 during the same period in 2022.
“The interest rate environment is certainly the main culprit for that,” said Tom Hennessy, president and CEO of Challenger Homes, one of Colorado Springs’ largest builders. “When you have interest rates pushing 8%, you’re just making affordability that much more difficult for that many more people.”
The difficulty in affording today’s higher mortgage rates stands in contrast to a generally positive outlook for the Springs, Hennessy said.
“What’s really kind of interesting is, there’s still people looking (for homes) and Colorado Springs’ economy is still generally pretty good,” he said. “Unemployment is still low. We still have a lot of jobs moving in. We have a lot of military in and out of the area. People want to buy. It’s just of matter of can they buy?”
Not only have buyers been stymied by high mortgage rates, but their costs for consumer goods, utilities and other expenses have soared because of inflation, said Covington, who’s co-CEO and co-owner of her homebuilding company with her husband, Ron.
Businesses saddled with high interest rates for loans have passed on their increased costs to consumers, which also affects their personal finances and their ability to buy homes, Grace Covington said.
“We really just need to get inflation under control and rates down again,” she said.
For now, Challenger, Covington and other builders continue to woo buyers with mortgage rate buydowns — incentive programs in which they effectively reduce, or buy down, a mortgage rate for the first few years of a loan to help buyers afford monthly payments and get them into a new home.
A year ago, builders also might have offered incentives such as discounts on premium lots or reduced prices on home upgrades to interest a buyer, Hennessy said.
Now, however, mortgage buydowns are the main focus for builders, he said.
“Today, it pretty much all deals with house payment and buying down the mortgage rate,” Hennessy said.
“The name of the game today is house payment. How can I get into a house with a payment that I can afford?”
• What’s ahead for Colorado Springs’ housing market?
That’s a question that every real estate agent and builder wants to know.
Who Are We? What the population numbers for El Paso County and Colorado Springs show
Salzman advices homebuyers who can afford a home to take the plunge now, even if prices remain high. The value of their investment always will appreciate over time, he said, and today’s 7% mortgage can be refinanced lower when rates fall.
Even if rates are high today, Salzman suggests that buyers talk with their mortgage lender to ask about getting a break on their loan origination fee in exchange for agreeing to refinance with the same lender in two to three years.
“Because their business is way down, anything is negotiable,” Salzman said of mortgage lenders.
A drop in mortgage rates, not surprisingly, would help boost sales and the overall market, Dean said. But how far would rates have to fall?
Six percent and below, he said, would help encourage borderline buyers to jump back into the market and persuade owners with a low mortgage rate to feel comfortable leaving it behind and accepting a higher rate to get the home they want.
“If we do see a reasonable drop, and I say reasonable, 6 flat on interest rates, we’re going to have a very robust market again,” Dean said.
Colorado Springs’ ‘beating heart?’ Check the pulse of downtown, mayor and area backers say
“For me personally, at the end of the day … it’s that interest rate that’s going to be the main driver for anybody,” he added. “Affordability. That’s affordability, in my opinion.”
Muldoon, however, echoed his previous bearish comments on the outlook for the housing market.
A recession in 2024, waves of layoffs, more bank failures, continued high interest rates and other national economic forces could have a ripple effect on local businesses and employers in Colorado Springs, Muldoon said. As a result, the local housing slowdown could continue and even worsen — with falling prices being one of the biggest impacts, he said.
“If Colorado Springs started showing signs of economic issues,” Muldoon said, “then you would see sellers start with some pretty swift reductions on prices.”
When you purchased your first home, it likely checked off all the boxes. But over time, perhaps your lifestyle has changed and your family has grown, and now you’ve started asking yourself, “Should I buy a bigger house?” Whether you’re looking for larger bedrooms, expanded family space or more storage solutions, buying a bigger home — or even just moving to a different layout or location — might be a change you’re ready to make.
Scott Bridges, Senior Managing Director of Consumer Direct Lending at Pennymac, says that upsizing happens frequently. He explains that a “healthy percentage of buyers are looking to buy up for space, neighborhood, school district and work proximity reasons. It’s a great pursuit and one of the more exciting chapters in one’s homeownership journey.”
Here’s how to figure out if you’ve outgrown your current home and how to determine how big a house you actually need.
The Signs You’ve Outgrown Your Home
While starting a new chapter in a bigger home may sound appealing, moving is a big decision that can come with a hefty price tag. How do you know if you’ve really outgrown your house? Bridges says the following are some of the most important items to consider.
Physical Aspects
One of the first things you’ll want to assess is the number of bedrooms and bathrooms you have versus the number you need. Bridges notes, “If your family is growing, if you have kids or parents moving in, you will need additional space for the new members of the household.”
Evolving household dynamics can also change your idea of an optimal home layout. If you currently have a one-story home, do you want to move to a two-story residence or vice versa? Do you want your children’s bedrooms on the same floor as yours? Do you need a separate entrance and living area for mom and dad or grandma and grandpa?
You’ll also want to think about your outdoor space. Bridges recommends asking yourself how much space you’ll need. For example, will you want to entertain, maybe have a pool, how much yard would you like to manage? All things to consider when looking to buy a bigger house.
Future Plans
Even if you’re comfortable in your home right now, do you foresee life events on the horizon that may lead to things getting cramped? Think carefully about your future plans and determine if they align with your current living environment. Consider the following:
Will you be having more children or expanding your family?
How long will your kids be living in the house before they leave for college or work?
Will you need a larger garage or driveway as your children get their driver’s licenses?
Do you envision an elderly parent moving in with you at some point?
Your answers to these questions will help you decide if moving to a bigger home is right for you.
Daily Life
Your home’s physical size may be the primary factor when deciding if you’ve outgrown it, but there are other lifestyle factors to consider as well. For example, do you have a short or a long commute from your current home? Bridges points out, “Most people don’t want to add significant time to their commute, even if it is for a larger home.” Others, however, may feel a longer commute is an adequate trade-off for increased space.
Or maybe you aren’t commuting as much because you work or attend school from home. Could a dedicated work area in a larger home reduce distractions?
Consider, too, the benefits and drawbacks of your present location. Even if you love your neighborhood, perhaps you want to move to a quiet, traffic-minimal cul-de-sac. Or maybe you’d like to be within walking distance of stores, restaurants or public transportation.
Quality of life is key. If your current home is causing you stress and not providing you the comfort you need, it may be time to upsize. Bridges urges, “Carefully think about how much better your day could potentially be with more space, a bigger kitchen, larger yard and more rooms.”
Considerations for Staying Put
There are many reasons why you may want or need to move to a bigger house. But that increase in square footage will likely increase your expenses and responsibilities. Here are a few reasons why staying put may be a better option for some homeowners.
Difficulty Finding a Home in Your Ideal Location
Depending on your desired location, a larger home in your price range may be difficult to find. If you want to remain in the same neighborhood or school district, you’ll have to decide whether moving away from your preferred area for a bigger space is worth the sacrifice.
Higher Costs Beyond the Mortgage
Even if you can comfortably afford your down payment and monthly mortgage payment, there are other expenses you’ll need to consider when moving to a bigger house. “If you live in an area with colder winters, understand your heating costs will go up,” Bridges says. “In a warmer climate, think Arizona and Texas in the summer, AC costs can run very high electric bills in bigger homes.”
Increased Responsibilities
A larger home requires more interior and exterior upkeep. There’s more to clean, furnish, repair, landscape and maintain, which takes time, money and energy.
Not a Guaranteed Investment
If you’re purchasing a home based on an anticipated greater return on investment, keep in mind that real estate values can be unpredictable. There’s no guarantee that your larger home will increase in value when you’re ready to sell.
Commute
Housing costs are often less the further you move away from city centers, giving you more bang for your real estate buck. But if it takes you longer to get to your job, the added time, hassles and transportation expenses may not be worth it. Bridges notes, “If you’re extending your commute to live in a bigger house in the suburbs, the drive may be just too hard.”
Financial Tips for Buying a Larger Home on a Budget
Moving involves a considerable amount of expense, stress and time. Many people try to avoid it by buying a home that will meet their needs for many years to come. However, it’s also important not to buy a house bigger than what you really need. Maintenance requirements, increased utility bills and expensive mortgage payments can be significant burdens. When purchasing a home, how can you be prepared for a growing family without overstretching your budget? Here are a few tips.
Anticipate Costs
Try your best to forecast the additional costs of a bigger home. “When you buy a larger home, you can easily anticipate your mortgage, taxes and insurance costs increasing, but many people don’t anticipate the additional costs of a larger home,” Bridges explains. “Your utilities will be more expensive, lawn and landscaping and amenities like pools will increase your monthly expenses as well. Lastly, repair costs can be much more expensive on bigger homes. Think of a roof replacement on a 2,000 square foot house versus a 4,000 square foot house.”
Consider Your Income and Employment Stability
While more space may support your plans, Bridges stresses that stability of income and employment must be part of the discussion when considering moving to a larger home. Your household income will need to cover the higher costs of owning a bigger house — now and in the days ahead.
Rent Out Your Original House for Income
It may make sense to sell your current home and use the proceeds for the down payment. But if you don’t have to do that, consider keeping it as a rental. Some homeowners move to a bigger home while renting out their old home, creating what can be a lucrative income stream in the future. Bridges advises, “Depending on how much you owe on your house, sometimes it makes sense to keep the original house and rent it out, as it can represent a good income source in the long run. Over time, real estate tends to appreciate and rents tend to rise, so holding the property as a rental can add to your overall wealth as the years go by.”
What to Look Out for When You’re Ready to Buy a Bigger House
Moving to a larger home is a significant change and takes careful thought. If you’re ready to upsize, think about how your prospective new home could adapt as your needs evolve. Bridges says that during the buying stage, homeowners with growing families often look for the following:
Bedrooms on the same floor
A bigger kitchen, a nursery or a media room
Backyard space for kids and pets
A better school district, which generally speaking, impacts home value stability
Want to start your new home search now? See how much your current home is worth, and then go beyond home affordability calculators to determine how much house you can actually afford.
Are You Ready to Move to a Larger Home?
So, should you move to a bigger home? “Every buyer has to make their own decision, as their circumstances vary,” Bridges says. Moving may be challenging, and selling is a process, but he adds, “At the end of the day, buying a bigger home might be one of the more memorable and enjoyable things you can do in your life, so don’t wait too long, if you can!”
Choosing a home that is the right size for your life today and tomorrow involves balancing both your family needs and your budget. If you’re ready to take the next step toward a larger home and are looking for expert guidance in the mortgage loan process, get a custom instant rate quote from Pennymac today.
Inside: Are you looking for ways to make money while you’re still in college? This guide has a variety of ideas for side hustles for college students that can help you get started. From online businesses to odd jobs, there’s something for everyone.
Are you a college student searching for ways to increase your income and improve your financial situation while balancing your academic commitments? We’ve got your back!
In this student-friendly guide, we’ll share side hustles for college students, giving you many opportunities to earn extra cash.
You can even learn to get paid to go to school!
Whether you’re tech-savvy, creative, or inclined towards offline work, you’ll find something that suits your preferences.
Let’s jump in and explore how you can transform your free time into a valuable money-making asset!
What is a Side Hustle?
Simply put, a side hustle is like having a little extra adventure on the side while you’re busy with your main gig, which in this case might be college classes.
It’s your chance to boost your finances and gather valuable experience that could pave the way for future career opportunities. It’s like adding a dash of extra flavor to your college life along with extra cash!
What side hustles can I do as a college student?
As a college student, you possess a unique set of skills and resources that can be leveraged to generate income.
Whether you aspire to know how to make quick money in one day or debate what should I do for a living, opportunities await you.
Stay tuned for the second part of this article, where we’ll explore a treasure trove of side hustles perfectly tailored for college students.
What can I do to make extra money as a college student?
As a college student, there are various ways to earn extra money.
Most importantly, you need to find something that works well into your college schedule.
That is why many college students prefer to learn how to make money online for beginners. That gives them the chance to make money on their time from their campus or anywhere else they choose to move.
Now, let’s move on to the best online and offline side hustles for college students that may be of interest to you.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
Best Online Side Hustles for College Students
As the digital era continues to expand, opportunities for online side hustles are becoming more prevalent.
These side gigs leverage the power of the internet allowing flexibility, diversity, and potential profitability without sacrificing full-time commitments.
From millennials to retirees, are venturing into online side hustles to supplement their income, make use of their skills, or explore new career paths.
1. Write Articles for Websites
If you have a flair for writing, you can explore freelance opportunities as a content writer for websites and blogs. Numerous online platforms offer paid writing gigs.
Create a portfolio of your writing samples, sign up on freelancing websites like Upwork or Fiverr, and start bidding on writing projects.
Learn how to Earn Money Writing.
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2. Build Websites
If you’re tech-savvy and have web design skills, offer website design services to individuals or small businesses looking to establish an online presence.
Showcase your web design work through a portfolio website, network with potential clients, and consider joining platforms like WordPress or Wix for easy website creation. Just make sure to use Kadence WP for themes!
This is a great gig for college students because you can take on more clients during your school breaks and none during finals week.
3. Starting an Etsy Business Selling Printables
Creating printables on Etsy is a popular and potentially profitable endeavor. It involves designing digital products that users can download and print at home.
Find the most popular digital products to sell on Etsy.
Beyond imagination and design skills, it is essential to learn how to optimize product descriptions and pricing, for which you can turn to comprehensive online courses. By following this how to sell printables course, you can equip yourself with the right tools to excel in this Etsy niche.
4. Create Videos
As a college student, there are two possible avenues for this side gig.
You can start a YouTube channel or offer video creation/editing services.
If you choose to venture into your own YouTube challenge, then you are able to monetize your videos through ads and sponsorships. Most importantly, you need to choose a niche for your YouTube channel, then create engaging content, and build a loyal audience.
Don’t want to be in the limelight? You can also offer video editing services on freelancing platforms.
5. Start a Blog
Share your knowledge or passion through a blog and monetize it through affiliate marketing, sponsored posts, and ads.
Pick a niche you’re passionate about, set up a blog using platforms like WordPress and Kadence theme, and consistently publish high-quality content.
This is not for the faint of heart, but college students traditionally have better success because of promotion through social media and engaging with readers.
6. Start an E-commerce Business
Launch your online store selling products you’re passionate about. Platforms like Shopify make it easy.
Source or create your products, set up an e-commerce website, and market your products through social media, email marketing, and search engine optimization.
One of the main benefits is an e-commerce business with low start-up costs, low ongoing maintenance, and the ability to remain open and generate sales 24/7.
7. Become a Freelancer
Explore freelance platforms for various opportunities like graphic design, programming, or digital marketing.
As a freelancer, you can work remotely and at your own pace. Create a compelling freelancer profile, showcase your skills, and bid on projects that match your expertise on platforms like Upwork, Freelancer, or Guru.
This is a great way to start building your portfolio of experience.
8. Write Your Classmates’ Cover Letters and Resumés
Engaging in the preparation of your classmates’ cover letters and resumes can be a rewarding side hustle.
Many employers today express concern about the lack of well-written cover letters and resume submissions they receive. By capitalizing on your writing skills, you can provide a much-needed service for your peers while earning some income.
Hence, build your proficiency with practice resumes, then decide on your charge per each document created.
9. Sell Stock Photos
If you have photography skills, sell your photos on stock photography websites like Shutterstock.
This is a perfect side hustle for young adults because you are constantly capturing the moments.
To get started, create an account on stock photography platforms, upload high-quality images, add relevant keywords, and start earning royalties when your photos are downloaded.
10. Write eBooks
Capitalize on your expertise in a specific subject and create eBooks to sell on platforms like Amazon Kindle Direct Publishing. Design an eye-catching cover and promote your eBook through social media and book-related forums.
This is the first step to passive income before you even graduate!
11. Proofreading
Proofreading can be a fruitful side hustle for students looking to earn extra money.
By leveraging your writing skills, you can charge a fee to proofread and edit classmates’ assignments, theses, or essays. Also, many small businesses are always looking for help!
With platforms like Fiverror college bulletin boards, you can advertise your services and set your own rates, potentially making $25–$45/hour according to proofreading expert Caitlyn Pyle.
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12. Start a Podcast
Starting a podcast can be an excellent revenue stream, given the significant increase in podcast listenership, with 82 million Americans being weekly podcast listeners according to a 2021 study.1
Your revenue can come from sponsorships, donations, and offering premium content or services. It’s essential to plan your podcast content aligning with your targeted audience and consistently producing high-quality episodes to grow and maintain your listener base.
13. Work as a Virtual Assistant
If you’re looking to start as a virtual assistant without prior experience, don’t worry!
Many businesses look for virtual assistants for tasks like email management, data entry, or social media management. Find out exactly what is needed with this virtual assistant checklist.
Plus working as a virtual assistant offers the flexibility to work remotely, which is a benefit for a college student.
Learn how to jumpstart your side hustle with this free Virtual Savvy training.
Virtual Savvy
If you’ve ever wanted to make a full-time income while working from home, you’re in the right place!
This intensive training combines thousands of hours of research, years of experience in growing a virtual assistant business, and the power of a coach who has helped thousands of students launch and grow their own businesses from scratch.
Swipe our exact methods to start earning a living from anywhere as a VA – no experience needed!
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Best Offline Side Hustles for College Students
In this section, we delve into the world of in-person side hustles.
Ideal for those preferring tangible interactions and a more predictable income, these opportunities demand physical presence and often offer good remuneration for physical labor.
However, they come with their own set of challenges like fixed service hours and potential clashes with a busy schedule.
1. House Sitting
House sitting is an excellent side hustle for college students.
You can offer your house-sitting services to neighbors or anyone going on vacation. It’s all about providing peace of mind to homeowners by ensuring their property is secure and well-maintained.
Build trust in your community by offering reliable house-sitting services, and word-of-mouth recommendations will follow. Consider promoting your services through Trusted Housesitter.
2. Food Delivery Driver
This is an extremely easy way to make money.
Sign up as a food delivery driver for platforms like UberEats or DoorDash. After registering as a driver and meeting the platform’s requirements, you can start delivering food orders in your area.
This side hustle allows you to set your hours and earn extra cash while enjoying the freedom of the open road.
3. Offer Lawn and Gardening Services
For those with a green thumb or a passion for outdoor work, offering lawn and gardening services can be a lucrative side hustle.
All by helping homeowners in your area with lawn care and gardening tasks. Investing in basic gardening tools is essential, and you can advertise your services through flyers, local online groups, or by simply offering your services to friends and family.
In fact, this may turn into your full-time business like this high school student.2
4. Shovel Snow During the Winter
If you live in an area with snowy winters, don’t miss the opportunity to capitalize on it. Offer snow shoveling services to residents in your community.
Promote your snow shoveling services well in advance of the winter season to secure clients.
On a snowy day, you can easily make 200 dollars fast. Just by being prepared to respond promptly to snowfall, and ensuring that driveways and walkways are safe and clear.
5. Become a Tutor
Sharing your knowledge by becoming a tutor is not only a valuable service but also a great way to earn extra income.
You can tutor fellow students in subjects you excel in or offer your expertise to local school kids. You can also tutor your classmates who are struggling in class.
Advertise your tutoring services through college bulletin boards, social media, or tutoring websites.
6. Clean Houses and/or Offices
Cleaning services are in demand, and you can provide them to individuals or businesses in your area.
Invest in basic cleaning supplies and equipment, set competitive rates, and market your services through local ads, referrals, and social media.
A reputation for thorough and reliable cleaning can quickly build your clientele.
7. Edit Your Classmates’ Papers — For a Fee, Of Course
If you have strong writing and editing skills, consider offering your editing services to your fellow students.
Many students appreciate having their papers reviewed and improved by a peer.
Promote your editing services within your college network, showcase your skills, and offer reasonable pricing to attract clients. This can quickly spiral to making 300 dollars fast.
8. Become a Handyman or Handywoman
If you’re skilled in fixing household issues or performing basic maintenance tasks, this side hustle can be highly profitable.
Acquire a basic toolkit, and offer your handyman services locally. From minor repairs to assembling furniture, providing reliable and affordable solutions can earn you a good reputation and repeat business.
You can quickly get started on TaskRabbit today.
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9. Translator
This is a highly needed service! If you’re proficient in multiple languages, offering translation services can be a rewarding side hustle.
Create a portfolio that showcases your language proficiency and advertise your skills to businesses or individuals who require translation services.
Your ability to bridge language barriers can be a valuable asset to various clients.
10. Deliver Anything Else Someone Might Need
If you’re the proud owner of a vehicle or even a trusty bicycle, you can tap into the world of delivery services. While food delivery is a popular option, you can expand your offerings to deliver a wide range of items.
Consider offering delivery services for groceries, prescription medications, packages, and even care packages for college students.
People are always willing to pay for help.
11. Drive for Uber or Lyft
Becoming a rideshare driver with companies like Uber or Lyft is a popular side hustle that offers flexibility. Sign up as a driver, meet the platform’s requirements, and start offering rides to passengers.
The benefit is you can choose your working hours, making it convenient to fit around your class schedule.
12. Hauling Junk
Help people declutter their homes by offering junk hauling services. You’ll need access to a pickup truck or a vehicle with ample cargo space.
Advertise your services, establish rates based on the volume of items to be hauled, and provide efficient and responsible junk removal.
Seriously, I see three or more posts in my neighborhood with people asking for help to move their junk!
13. Turning Your Car into a Moving Advertisement
Ever wondered if you could make money while driving around town? Well, here’s an interesting side hustle idea – turning your car into a moving advertisement.
Some companies are willing to pay you to wrap your car with their branding, turning it into a rolling billboard.
As you cruise through town, you’ll not only earn money but also become a conversation starter. It’s a unique way to earn extra income while sparking interesting discussions about the products or services you’re promoting.
14. Offer Moving Services
Assisting with local moves can be physically demanding but financially rewarding. Advertise your moving services locally, and consider forming a team if necessary.
Ensure you have the necessary equipment, such as dollies and moving blankets, to facilitate the moving process. By providing a smooth and efficient moving experience can lead to positive reviews and referrals.
15. Entertaining Kids at Birthday Parties
Entertaining children at birthday parties is a profitable side hustle for college students, especially those who have a knack for acting or enjoy engaging with children.
This venture could earn you between $50 and $100 per hour.
Develop a repertoire of entertaining acts, start promoting your services through local event planners and social media, and offer packages for different party sizes.
16. Teach Music or Sports Lessons
Share your musical or athletic skills by offering lessons to aspiring learners.
Whether you’re skilled in playing an instrument, coaching a sport, or giving dance lessons, there’s likely a demand in your community. Advertise your lessons through flyers, social media, or local community centers.
Make sure you have the necessary equipment and expertise to provide quality instruction. This is what I did in high school and college.
17. Proctor Tests
If your college conducts exams, there may be opportunities for students to work as test proctors for a fee. Inquire about proctoring opportunities at your college’s testing center or academic department.
This can be a convenient way to earn extra income without straying far from your campus.
18. Become a Legal Street Performer
If you have a talent for street performing (e.g., playing music or juggling), consider performing in public spaces for tips.
Choose a suitable location, prepare your act, and follow local regulations for street performances.
Could you make $1000 in a day?
19. Be a Lifeguard
Lifeguarding is a responsible job that requires attentiveness and quick response in case of emergencies. If you’re a strong swimmer with the necessary certifications, consider working as a lifeguard at local pools or aquatic centers.
Unfortunately, this is a high-stress and low-paying job. So, you are better off considering one of these low stress jobs that pay well.
20. Offer a Painting Service
Offering painting services can be a rewarding side hustle, especially for those who find the task peaceful and enjoy bringing a fresh new look to rooms or entire homes.
Most homeowners dread the prospect of painting their own homes and are often willing to hire a handyman to do the job. You can easily make 500 dollars fast.
With minimal initial investment in quality brushes and rollers, you can unleash your creativity and transform spaces with color and design, choosing your own hours and clients in the process.
21. Sign Up as a Substitute Teacher
Working as a substitute teacher is an excellent opportunity for individuals who do not necessarily have a teaching certificate but possess a high school diploma and a clean background check.
My husband, having served as a substitute teacher, found the experience to be rewarding when he was in college.
Not only did it pay well, averaging about $131 per day, but it also allowed him the chance to engage in student activities and provide value to the local school district.
22. Babysitting
Babysitting is a viable side gig, particularly suitable for early childhood education degree seekers, offering flexibility and a rewarding experience while caring for others’ children.
It involves variable commitments mostly during evenings, weekends, and some weekdays, with an average earning potential of $17 per hour.
Securing babysitting roles can be accomplished through personal connections, local community outlets, and digital platforms likeCare.com and Sittercity.
Why is college the best time to start a side hustle?
Before we bid adieu for now, let’s ponder why college is the perfect breeding ground for side hustles:
Flexibility: College schedules often come with pockets of free time, making it easier to juggle academic responsibilities and a side gig.
Learning and Growth: Side hustles offer valuable lessons in time management, financial literacy, and entrepreneurship that complement your academic knowledge.
Networking: Your college is a hub of potential clients, collaborators, and mentors, providing a fertile ground for your side hustle to thrive.
Financial Independence: Earning your own money allows you to alleviate the burden of student loans and gain financial independence.
Employing multiple streams of income is the savviest thing you could do for your finances and your long-term wealth.
Tips to be Successful with Your Side Jobs for Students
One of the best things about side hustles, is you are able to get real-life experiences and knowledge. This side hustle may or may not become your full-time job, but the skills are transferable.
The goal is to find success, so let’s explore some essential tips to succeed in your side hustles as a college student:
Time Management: Prioritize your college commitments and allocate dedicated time for your side hustle.
Skill Utilization: Leverage your skills, whether it’s writing, design, or a particular subject you excel in.
Online Presence: Create a portfolio or profile to showcase your skills and attract potential clients or customers.
Networking: Connect with fellow students, professors, and professionals who might offer opportunities or guidance.
Also, don’t give up if your first side justle doesn’t work out the way you hoped. Keep going until you find something you love to do!
Are You Ready To Start Hustling?
As you set off on your side hustle journey, keep in mind that consistency, dedication, and adaptability will be your trusted companions.
Whether you choose to dive into online opportunities, embrace offline endeavors, or strike a balance between the two, every experience will play a part in your personal and entrepreneurial growth.
If you are going to be in various locations during your college years, it is best to look for remote jobs for college students.
Your path towards financial empowerment is only just beginning, and we’re thrilled to be with you every step of the journey.
Between each college exam and class, you can make money to pay for your schooling. I think that is a win-win to pay for college without loans.
Start your side hustle today and get on the path to financial freedom with Money Bliss.
Source
Statistica. “U.S. Podcasting Industry – statistics & facts.” https://www.statista.com/topics/3170/podcasting/#topicOverview. Accessed on October 4, 2023.SSt
10 News. “A CEO at 17: How this Colorado teen transformed his side hustle into a legitimate business.” https://www.10news.com/news/green-worx-landscaping-golden-colorado. Accessed on October 4, 2023.
Know someone else that needs this, too? Then, please share!!
It’s common for home buyers to purchase a property in a certain school district.
This ensures their children can attend a specific school if they’ve got their eye on one in particular.
Heck, even those without kids might favor a certain home because it resides in a highly-sought after district.
Now Zillow has made it easier for prospective home buyers to find properties in attendance zones or school districts simply by using the search bar.
When using the company’s mobile app, you’ve got the option to search by school, just as you would city or neighborhood.
Search by School on Zillow to Find a Home in Your Desired District
The latest update to the Zillow app allows home shoppers to search by school attendance zone or school district.
Simply open the app and navigate to the search bar. Instead of typing in a certain city or neighborhood, type the name of a school you like.
From there, Zillow will automatically display the attendance zone boundaries on the associated map in the app.
You’ll be able to see properties that are available for sale (or rent) within the attendance zone selected.
And if you search for open enrollment, or for a charter or private school without an assigned boundary, Zillow will display homes within a 5-mile radius surrounding the school.
The new search-by-school feature also allows home shoppers to receive instant or daily alerts when new for-sale or for-rent homes within their preferred school district or attendance zone come online.
That way you’ll be the first to know if a property meeting your school district needs pops up.
Since homes in desirable school districts are often quite popular, this can provide a competitive edge over other prospective buyers.
Those who are logged-in users will also see auto-complete suggestions for relevant schools and school districts based on their search history.
As always with any sort of property details, be sure to double-check that the home is indeed in the school district.
While it’s helpful to have this information generated automatically, it’s always smart to verify that the details are accurate.
This functionality is currently available on Zillow’s iOS mobile app and will launch on Android by the end of 2024 (it will be on the web sometime next year).
School Districts Are Very Important to Home Buyers
While there are a number of reasons why home buyers choose their properties, school district is a biggie, especially for those in their 30s.
And the prime first-time home buyer age is around 34, so most home buyers are going to be very focused on the associated school district.
As noted, even those without kids (or no interest in having kids) should be concerned with school districts as they can impact valuations pretty significantly.
You’ll often find that property values (and list prices) are notably higher in highly-sought after school districts.
This means a home seller can unload their property for a premium, or rent it out for more to a family who wants to reside in the district.
But it is also typically means you’ll pay more for it, and/or face more competition when attempting to buy the property.
Per Zillow’s Consumer Housing Trends Report, 75% of home buyers in their 30s emphasize the importance of school district selection.
Additionally, 67% of buyers in their 40s and 61% of first-time buyers consider school district a highly important factor in their home search.
This trend also seems to be growing, with the percentage of buyers who considered school districts highly important rising to 52% in 2023 after holding steady at 43% from 2018 to 2021.
Homes Tend to Appreciate More in Good School Districts
Back in 2016, I wrote that you should buy a home in a good school district even if you don’t have kids because they tend to appreciate more than those in not-good districts.
A study by ATTOM Data Solutions analyzed average test scores from about 19,000 elementary schools nationwide that covered nearly 46 million single-family homes and condos.
They discovered that in zip codes with at least one good school, the average estimated home value was 77% higher than in zip codes without any good schools.
Despite being more expensive, these good school district properties increased an average of $74,716 since the time of purchase, compared to just $23,311 for the not-good districts.
In other words, the purchase price might be higher to start, because it’s located in a good school district, but over time it should outperform properties located in the not-good school districts.
This might explain why there are even single-family home investors who are actively targeting properties in “elite school districts” these days.
While I don’t necessarily endorse that approach, since it makes getting into good school districts even more competitive for young families, it makes business sense.
All that being said, school districts aren’t everything. It can also pay off to buy a home near a Starbucks, a Target, or a Whole Foods or Trader Joe’s.
But ultimately, you should love the home you make an offer on, and want it for a variety of reasons that go beyond it’s potential monetary value.
Read more: When should you start looking for a house?
There’s more to Indiana than farmland and college basketball.
The best places to live in Indiana are not merely dots on a map but realms where nature, modernity and the quintessential Midwestern warmth entwine to create days filled with comfort, opportunity and joyful community camaraderie.
As we travel through the picturesque landscapes of the best towns in Indiana, a narrative of a life well-lived under the serene Midwestern sky unfolds. The whispers of the rivers, the laughter in the parks and the hum of the bustling cities call out to those seeking that ever-elusive blend of peace and prosperity.
Population: 100,777
Average age: 40.0
Median household income: $119,772
Average commute time: 24.4 minutes
Walk score: 19
Studio average rent: $1,143
One-bedroom average rent: $1,570
Two-bedroom average rent: $1,927
Among the glittering emeralds of the Midwest, Carmel shines brightly as one of the best places to live in Indiana. This quaint town boasts a range of amenities that would tickle anyone’s fancy. Its reputation precedes it with a standing ovation for safety, exceptional schooling and a close-knit community spirit. Education is especially remarkable, with the Carmel Clay School District frequently garnering praises and accolades, ensuring the town’s youngsters get a top-notch education. Residents also benefit from a flourishing job market that has attracted folks from near and far, further fueling its economic vigor.
Take a stroll through Carmel and you can’t help but admire the well-preserved natural beauty interwoven with the urban landscape. The Monon Trail, a 24-mile pathway, offers an open invitation for outdoor aficionados to explore the scenic charm on foot or bicycle. The city’s heart pulses at the rhythm of arts and entertainment with The Center for the Performing Arts holding the torch high with its spell-binding performances, while a multitude of restaurants and boutiques line the streets.
Population: 882,039
Average age: 34.2
Median household income: $54,321
Average commute time: 22.5 minutes
Walk score: 31
Studio average rent: $1,183
One-bedroom average rent: $1,219
Two-bedroom average rent: $1,372
As the heart of the Hoosier state and unquestionably one of the best places to live in Indiana, Indianapolis is a capital city where the old intertwines gracefully with the new. The bustling city life is complemented by serene retreats, notably the picturesque canal walk. Education here is not just confined to the classroom; the city is a living lecture hall with its historic landmarks and monuments that whisper the tales of bygone eras. The job market is just as inviting, with strong healthcare, education and finance industries, making it a conducive environment for career growth and opportunities.
A weekend in Indianapolis is like opening a box of assorted chocolates; there’s a flavor for every palate. Sports enthusiasts find their haven in the iconic Indianapolis Motor Speedway, while artistic souls find solace in the galleries and theaters scattered across the city. A solid selection of local spots offers a culinary journey that might start with savory Hoosier pie and traverse across the globe before ending with a classic espresso. The neighborhoods each have a unique charm, offering a sense of community and belonging within the big city.
Population: 101,171
Average age: 36.5
Median household income: $117,503
Average commute time: 24.0 minutes
Walk score: 18
Studio average rent: $1,205
One-bedroom average rent: $1,617
Two-bedroom average rent: $1,985
Fishers exhibits a particular kind of charm that’s more than just skin deep. The schools here are the epitome of excellent, nurturing the minds of the young residents who may very well be the thinkers and doers of tomorrow. The employment scene is respectable, with numerous opportunities in a wide range of industries.
The town’s green spaces are like its lungs, with Geist Reservoir being the heart where residents flock for a splash of adventure. The food scene is as inviting as a warm loaf of bread straight out of the oven, with a ton of restaurants serving dishes that delight the senses. Local businesses and small open-air markets echo with friendly banter, painting a picture of a community tightly knit yet welcoming to all.
Population: 79,968
Average age: 24.0
Median household income: $52,226
Average commute time: 22.0 minutes
Walk score: 43
Studio average rent: $1,244
One-bedroom average rent: $1,276
Two-bedroom average rent: $1,537
Bloomington is a hub of intellectual enrichment, largely courtesy of Indiana University. The educational ecosystem here isn’t merely a fountain of knowledge, but a catalyst for the local economy, providing a ton of employment opportunities not just in academia but in industries that orbit it. The essence of innovation wafts through the tree-lined streets, merging seamlessly with the historical charm that the city retains in its well-preserved 19th-century architecture.
The beauty of nature is a constant companion to Bloomington residents, with places like Monroe Lake or the Hoosier National Forest offering a tranquil escape from the bustle of daily life. A healthy offering of outdoor activities is at the fingertips of adventure aficionados, from hiking trails that meander through the lush landscapes to the calm waters ideal the paddleboarders. The melody of life here is sweetened by the hum of community, visible in the lively farmers markets, engaging local events and the easy smiles exchanged between neighbors.
Population: 65,292
Average age: 28.8
Median household income: $36,661
Average commute time: 20.9
Walk score: 38
Studio average rent: $785
One-bedroom average rent: $650
Two-bedroom average rent: $800
As the proud home to Ball State University, Muncie exudes an intellectual vigor that invigorates the streets, drawing in a pool of youthful energy and innovative ideas. The employment scene is a robust one, with opportunities spanning education, healthcare and manufacturing, forming a stable backbone for the town. Moreover, Muncie’s historic downtown is a quaint display of the past, with architectural treasures that harken back to bygone eras while housing contemporary eateries and boutiques, illustrating the town’s aptitude for marrying the old with the new.
When the workday winds down, locals often head to the scenic reservoirs or peaceful parks that are peppered throughout the town, embracing the serene beauty that nature generously offers. Minnetrista, with its lush gardens and plentiful events, is a beloved spot for family outings. The rhythm of life here is gentle yet fulfilling, making Muncie stand out among the best places to live in Indiana.
Population: 70,926
Average age: 34.1
Median household income: $89,258
Average commute time: 26.1 minutes
Walk score: 15
Studio average rent: $1,097
One-bedroom average rent: $1,250
Two-bedroom average rent: $1,431
Noblesville is a delightful mingling of historical charm and modern allure, with its well-preserved 19th-century buildings standing tall amidst the gentle tide of contemporary life. The job market is a hearty stew of opportunities with healthcare, manufacturing and retail providing a solid foundation for the town’s economic landscape.
The hum of activity around the White River paints a picture of a community deeply connected to nature’s bounty, with families often flocking to the shores for a day of leisurely fun or an adrenaline-pumping adventure on the water. The local farmers market is a showcase of the town’s agricultural and artisanal prowess. Leisure is a cherished right in Noblesville, with the soothing notes of a live concert at the Ruoff Music Center, or the crack of a bat at a local baseball game adding melody and rhythm to the tune of everyday life.
Population: 265,974
Average age: 35.3
Median household income: $53,978
Average commute time: 21.1 minutes
Walk score: 32
Studio average rent: $
One-bedroom average rent: $
Two-bedroom average rent: $
Fort Wayne, in northeast Indiana, wears its history with pride, as seen in the well-preserved forts and historical structures that dot the city. The local economy is promising, with thriving healthcare, manufacturing and retail sectors that not only fuel the job market but also propel the town on a path of steady growth.
The green lungs of Fort Wayne are the lush parks and trails that invite residents for a morning jog or a tranquil walk, setting a tranquil and active tone for the day. The town’s penchant for sports is palpable, with the roar of a crowd at a local basketball game resonating as a testament to the spirited community.
Population: 50,569
Average age: 35.5
Median household income: $72,380
Average commute time: 17.6 minutes
Walk score: 29
Studio average rent: $999
One-bedroom average rent: $1,262
Two-bedroom average rent: $1,462
Columbus boasts a lot of buildings designed by legendary architects, making the skyline a visual delight. It’s not merely about aesthetics, though. The solid educational infrastructure is like a fertile ground where the seeds of curiosity are sown, nurtured and grown into trees of knowledge. The flourishing economy, fueled by a blend of manufacturing and tech firms, holds promises of a bright future, reflecting a town that’s progressive and focused on the future.
The weekends usher in a slight bustle in the downtown area, with families and friends thronging to the farmers’ market. The serene banks of the East Fork White River offer a calming escape, painting a picture of serene contentment. Social engagements, outdoor adventures and a feeling of community hold together the fabric of life in Columbus, making it not just a town of architectural marvels, but a haven for those seeking a truly balanced lifestyle.
Population: 116,486
Average age: 37.7
Median household income: $42,623
Average commute time: 18.7 minutes
Walk score: 44
Studio average rent: $550
One-bedroom average rent: $785
Two-bedroom average rent: $962
With the Ohio River cradling it on one side, Evansville presents a harmonious blend of natural beauty and urban convenience. Education here is great, with institutions that sow the seeds of curiosity and knowledge among young minds. The job market is diversified thanks to robust healthcare, manufacturing and service industries, offering a broad spectrum of employment opportunities and paving a path of steady growth for the town.
The local restaurants play the role of social melting pots, where conversations flow freely over a cup of freshly brewed coffee. When the weekend rolls in, the Evansville Museum of Arts, History & Science is a popular spot for families, making learning a fun-filled affair.
Population: 70,835
Average age: 33.0
Median household income: $47,690
Average commute time: 17.5 minutes
Walk score: 38
Studio average rent: $1,131
One-bedroom average rent: $963
Two-bedroom average rent: $1,359
Lafayette retains a quaint charm even as it embraces the momentum of modern life, making it a delightful place to call home. An intriguing economy, propelled by manufacturing, healthcare and education, stands as a testimony to Lafayette’s progressive spirit, offering a multitude of job opportunities to its residents.
The bustling farmers’ market is a testament to the town’s close-knit community and a haven for those seeking fresh, local produce. Weekends often see families flocking to the Columbian Park Zoo, reveling in the simple joys that nature and companionship bring.
Find an apartment in Indiana today
The best places to live in Indiana stand as testimony to the state’s ability to offer a quality of life that is steeped in community values, opportunities for growth and simple pleasures. As we made our way through the charming boulevards, got lost in the bustling cityscapes and found solace by the riverside of these towns and cities, we painted an appealing image of Indiana living.
Each place featured above offers a promise of a life well-lived. The true essence of Indiana lies in its welcoming embrace, where every sunset promises a brighter dawn and every face bears the warmth of a community that’s tightly knit yet ever-expanding.
Ready to find the perfect place in Indiana? We’re here to help.