How to save on Housing!?

[Insurer]

Well buddy refinancing the mortgage loans to lower interest rates is a decent option that accounts for a great saving. However work place cannot be always nearer to house. Great suggestions on hiring contractors. Thanks buddy.

[elitesystem]

1. Purchase a home in an area with good schools. Even if you never have school-age children, strong school systems are a top priority for many home buyers. This will make selling easier and increases the chances that your property value will rise.

2. Get the shortest loan term you can afford. Usually the shorter the term, the higher your monthly payments will be, but you'll save much more in the long run due to paying less in interest charges.

3. Avoid purchasing a home with an "incurable defect." Such things as a busy street or train tracks nearby will most likely get you a discount, but the house's value will not increase as much as other homes in the town, and you will have a much harder time selling it when you are ready to move.

4. Consider carefully before doing house renovations that will make your house one of the more expensive in your neighborhood. For resale purposes, it's better to own one of the less expensive houses on an expensive block.

5. Consider refinancing your mortgage, especially if your current home loan is over 2 years old. Even reductions of as little as 1/2 of a percent can save you hundreds of dollars a year and thousands over the lifetime of the loan.

[fcmoney]

There is really not much you can save on housing but you can cut cost of Tax on house, let say your Mill rate in your town you live is 40 so pretty much you pay about $5,000 a year for property tax you can ask town hall for " money contribution" so you will pay less on your real estate tax say them that you don't have a money to pay your tax what is the best alternative to get financing and contribution from city?

[pranith]

This is one of the best tip I ever seen. I think having home near to the work place will be an good idea. We can save gas in the vehicles we are using and even we prefer to wlk thats good for health in therms of weight resuduction.

[elitesystem]

Property insurers will often reduce premiums to homeowners with electronic security systems. Check with your insurer because your insurance savings could cover the cost of installing the system.

To prevent costly storm damage, trim tree branches close to your house. Don't forget to also clean out rain gutters to prevent water damage from overflowing and extend their use life.

When getting a loan, look at the overall cost of the loan, not just the rate. Ask for a list of all the fees and charges involved and then calculate how much it will actually cost you.

When refinancing your home loan, don't extend the loan back to 30 years. Shorten it if possible, or keep it the same as the current number of years left. By extending it out, you will lose most of your saving to additional interest payments.

[Asad!]

I have my own house and I live in it. I also have one house about 2 Miles away from this. I alotted that one for rent and I get about 150$ as rent from that per month! this is a good idea for me because I can collect money from renters as well save money for retirement!

I always seek for good way to improve my financial life!

[admin]

I have guy in my house to done home value estimate and he estimate my house on certain dollar amount I have ask this guy how can I improve my home value he say you can change all your windows and siding outside in addition you can get new roof and new Driveway how much money I have to spend to improve ? He say around $50,000 dollar and I have asked how much value it will add about $20,000 dollar.. so it mean I am $30,000 in loss.. he say exactly.. home improvement never equal home value!