7 Tips Entrepreneurs Need to Know Before Investing in Real Estate

Why should entrepreneurs invest in the first place? The answer is: to have enough money to live on when we no longer can or wish to work. To put that money aside, however, we have to accumulate enough to offset inflation and the taxes that erode our savings. And for that purpose, real estate is an excellent solution. The great thing about real estate is that even in a bad economy, it will usually fare better than stocks. Land, after all, is a finite resource. People need a place to live, work, shop and play -- so real estate is really just a matter of supply and demand. What's more, real estate will continue to appreciate despite occasional slow-downs in the economy. In fact, it's proven to

4 Tried and True Downsizing Tips

For many people, the prospect of downsizing from a larger home to a smaller one can be quite the challenge. Sorting through possessions takes time. It can be emotionally taxing. It can be liberating. We asked Houzz readers to share their best downsizing advice, and share they did. We gathered some of the best tips below. Step 1: Get into the right mindset. Many acknowledged that shedding belongings can be stressful, and several had thoughts on the benefit of doing so. "Even if you've made careful measurements and found new homes for the furniture that clearly wasn't going to fit in your new place, you may not realize until you move in that what you've brought just isn't going to work," write

Is Fall the Best Time to Buy A House?

Sometimes it’s smarter to buy certain items according to the season, like sweaters near the end of a winter and swimsuits in late summer. But what’s the best season for buying a house? The answer: the fall. As temperatures cool and trees shed their leaves, enough factors break in the buyer’s favor to make it the No. 1 season for homebuying. Here’s why. Less competition Many homebuyers are families who want to minimize a move’s effect on their kids’ schooling. They want them to start at a new school on the first day, not midyear. And so if their spring and summer searching didn’t work out, they might well wait for the next go-round. This means fewer buyers bidding on the same houses you’re in

6 Things You Think Add Value To Your Home - But Really Don't

Every homeowner must pay for routine home maintenance, such as replacing worn-out plumbing components or staining the deck, but some choose to make improvements with the intention of increasing the home's value. Certain projects, such as adding a well thought-out family room – or other functional space – can be a wise investment, as they do add to the value of the home. Other projects, however, allow little opportunity to recover the costs when it's time to sell. Even though the current homeowner may greatly appreciate the improvement, a buyer could be unimpressed and unwilling to factor the upgrade into the purchase price. Homeowners, therefore, need to be careful with how they choose to sp

You Can't Detect These 4 Odors, But Guests Can

Stand in your kitchen and take a deep breath. Smell that? From last night’s fish to your son’s nasty lacrosse pads (why did he leave them on the table?), you probably can’t detect any of your home’s rankest odors. You’ve got nose blindness. “You adapt to the smells around you,” says Dr. Richard Doty, the director of the Smell and Taste Center at the University of Pennsylvania. On a sensory level, your processing mechanism becomes less sensitive to the continuous stimuli. Or, on a cognitive level, you can become habituated to the smells and basically learn to ignore them. Or you can do both. But on a I-don’t-want-my-house-to-stink level, you don’t have to be resigned to living with odors — ev

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