No one wants one more thing to worry about but… it would be wise to check out your home’s risk for flooding, recognizing that damage from floods is specifically excluded from homeowner’s policies. New data on flood risks across the U.S. reveals that the risk of flooding has increased substantially and that many homes at…
Category: home buying
Millions of homeowners face flood risks without realizing it, and climate change is making it worse
By 2050, 16.2 million properties will be at ‘substantial risk’ of flooding in a given year, report finds. And it’s not just properties along the coast or near rivers. “When Hurricane Harvey struck Southeast Texas in 2017, it provided a real-life stress test of the plans for flood risk in a highly vulnerable region. Southeast…
Buying a primary residence might not be as good of an investment as conventional wisdom suggests. However, there are still benefits — financial and otherwise — to owning a home. Writing for US News and World Report, Miranda Marquit explains the economic costs and benefits of home ownership. Like most economic analyses, the bottom line…
Homeownership Reality
One of my favorite financial writers, Jonathan Clements, writes about “House Rules” in a recent blog post: “Real estate discussions almost invariably fall hostage to anecdotal evidence. We all know folks who supposedly made a mint in real estate, as well as people who lost their shirt. But forget the anecdotal evidence, and instead focus on statistics…
Thinking of buying a condo? Do your homework first
Having lived in a homeowners association for more than 25 years and having recently bought a condo, I’m well aware of the differences between owning a single family home and living in some type of home owners association. A recent article does a great job of explaining what condo (and HOA) owners need to know…
Home buying for persons with disabilities
A new guide was created by the financial experts at The Simple Dollar addressing the challenges of buying a new home as a person with a disability that’s published in conformance with the Web Content Accessibility Guidelines to accommodate the special needs of persons with disabilities. The Fully Accessible Guide to Home Loans for People…