Duplexes are two homes sharing interior structures, such as a wall, or a floor and ceiling in two story units. The floor plans of these homes may be identical or different, but usually they offer very similar amenities.
Inspections range in price from seventy-five dollars for partial inspections to between one-hundred and fifty and three-hundred and fifty dollars for a whole house inspection, and are almost always paid by the buyer.
Remodeling a house can be very expensive but may add to your enjoyment of it. Do not expect to recover all of your money from remodeling jobs if you sell your home.
If a seller refuses to allow you to purchase a home because of your age, race, or religion, they are breaking the law. If you believe you've been discriminated against, you need to proceed carefully.
If you're interested in selling your home, you may enlist the service of a real estate appraiser to provide a professional estimate value of your property. On average, this service costs around $200 to $300 .
Appreciation refers to the increase in market value of a property over a period of time.
An appraisal is an expert judgment or estimate of the value of real estate as of a given date, based on market comparison.
The most obvious inspection you make will be the first. This can be as simple as taking an initial walk through the property at an open house or an individual showing.
When applying for a mortgage, your application will be reviewed for the three C's --credit history, character, and capacity for handling debt. Your credit history is a reflection of your past loan and bill payment behavior.
There are certain tax benefits associated with owning real estate. These benefits are available to homeowners and real estate investors alike.