When you first consider the home improvements which will increase your home value, you probably think about a new coat of paint, some landscaping improvements, or the proper staging of your home while it's on the market. While these are all effective methods for increasing your home's overall appeal, there is another thing to consider - the energy efficiency of your HVAC system. Through the Mass Save Home Energy Assessment program, you can even get an interest free loan to upgrade your furnace.
Topics: Mass Save
The holidays are a great time of year for entertaining family and friends. But, you may look around your house and think about sprucing things up before you bring the first guests in. You don't have to put large amounts of money out to get a nice impact for the holidays as well as your home's value. Here are 10 holiday home improvement tips that will boost your home equity value.
You've taken the test drive, fallen in love, and negotiated a great deal at the car dealership. What do you have to do to get your money and drive away happy?
With all the assorted fees and costs that come with buying a home, shelling out hundreds of dollars to have the home inspection can seem like a prime area to save money by skipping a step. But foregoing the inspection could end up costing you thousands of dollars later, even on new construction. So if you are going to spend the money, you might as well get the most out of it. Here’s how to optimize this important process.
Topics: Mortgages and Refinance
Credit card interest rates can be a tricky business. Yours may start low then go sky high after a few months. Your rate can also change if you pay late, charge beyond your limit, perform a balance transfer, or get a cash advance.
Topics: Credit Card
With the flood waters of hurricanes Harvey and Irma now easing, a new kind of flood is taking place. It’s created by a wave of waterlogged cars that are heading to the scrap yard. While it may seem that a car should be salvageable once it dries out, that is not the case. Water damage corrodes the mechanics of a vehicle, making it unsafe to drive.
School’s out and, chances are, your kids are on the hunt for cash. When they don’t have enough money to buy X, Y or Z, they want a fast fix - maybe a cash infusion from you?
Instead, use their enthusiasm to show them that money doesn’t grow on trees. Get kids thinking about how to earn extra money this summer with these six ideas:
“Why would you borrow money for something you could buy outright?”
I heard this question a lot when I was a young ensign in the Navy. I had set up a credit building loan with the credit union. The very nice loan officer had taken the time to explain that if I built my credit now – when I didn’t need it, I would be able to get financing and the best possible loan rate when I was ready to buy a house or make any type of major purchase.
The advice I got that day has paid off in spades. Thirty years later, after having bought two houses, refinanced multiple times, and made too many major purchases to count, the money I’ve saved in interest dwarfs the small amount of interest I paid to establish my credit. Nowadays, you can build your credit without spending a dime in interest by setting up a secured credit card. But secured credit cards are not all the same.
“Many third party institutions offer secured cards with fees or other pitfalls,” says Scott Post, SVP of Strategy and Delivery at Hanscom FCU. “A good financial institution will make it as easy as possible to get you on the road to good financial health.”
Topics: Credit Card
Fall Back in Love with your Home
Many of us reach a point where we begin to feel a little blah about our home, but moving is not always an option. Here are some tips on how you can get a “new” home without a new mortgage – and increase your home’s value.
Topics: Home Equity
The adage ‘if it isn’t broke, don’t fix it’ does not always apply. Sometimes, you not only need to fix it, you need to improve it. Home improvements can build equity in your home by increasing property values, overall comfort and curb appeal. Although the housing market is still in the process of recovering, that does not mean you cannot give your home an upgrade. Does spending money help you save money? In this case, yes. Homes improvements are investments that build home equity. Choosing the right home improvement project pays off when potential buyers want that same convenience and beauty. In the end, home improvements can save you a good deal of money. Here are some solid ideas for adding equity to your home.