Ways a Bigger House is More Expensive (Besides the Mortgage)

There’s been a movement the past couple of years to move to a smaller home in order to save money.  It’s understandable with the economy the way it is and all.  Still, many people look to the time when they can get a bigger home.  Sometimes you just need more space.  Some just want the bigger place.  I still see homes being torn down and re-built into much larger houses.  Thing is, when you buy a bigger house you aren’t just paying a bigger mortgage.  With a bigger house comes some other expenses and costs that increase.

Some Ways You Will Pay More With a Bigger House:

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It’s Not Too Late to Claim Energy Efficient Home Improvement Tax Credits

Tax credits can help you save on home energy costs

It’s never too late to make some needed improvements to boost the efficiency of your home’s energy usage.  For tax purposes, making a few around-the-house upgrades before the end of the year can contribute to a larger tax refund.

Not only will you be more energy resourceful, but you will save money in the long term, and the IRS will recognize these efforts by rolling out some energy credits to assist you with the costs.

Tax credits can help you save on home energy costsThere are two main types of credits available. The most common credit is money that you can get back for conventional home usage improvements, such as energy efficient windows and doors.  The second type of credit targets alternative energy investments, such as solar or wind powered additions.
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What Is A Reverse Mortgage Loan?

A loan that has been popping up more often these days is the Reverse Mortgage. This mortgage works differently then other types of mortgage loans in that it works in reverse in a way.  Let me tell you a little more about reverse mortgages…
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Why We Chose A 30 Year Mortgage When We Bought Our Home

Mortgage application

Owning a home is an awesome feeling, let me tell you! Though we don’t own our home outright yet.  Maybe we own a bedroom and a bit of the kitchen?  Some grass in the yard?  Like most people we had to take out a mortgage loan in order to buy our house.  There are many different types of mortgage loans out there these days.  We chose a 30-year, fixed rate mortgage.

Here’s what we considered in choosing a 30-year mortgage:
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It’s Still A Good Idea To Buy A House In This Economy

The New York Times, in their Your Money section, recently ran an article titled In Defense of Home Ownership. In the article the author, Ron Lieber, takes to task the notion that now is a horrible time to buy a house.  He mentions that despite the bad housing news we hear, stocks going nowhere, and unemployment not getting better, now can still be a good time to buy.

Here are his cases where home-buying can still make sense:
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We’re Mowing It Old School-ish

wet grass

Among the many responsibilities a home-owner can have is a lawn. For us, we’ve been pushing that responsibility on a landscaper who comes by once a week to mow the lawn, trim the edges, and weed the garden.  But this will be the last week he comes because next week we’re going DIY – We’re going to do our lawn and garden ourselves!

Why take care of the lawn ourselves?

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