Real Estate News

Found 23 blog entries about Real Estate News.

We’ve all noticed it; the icy cool breezes, the flecks of snow on the lawn, and the need for an extra layer outside. While we might not like to admit it, Winter is just around the corner. Just like you’d get your vehicle ready for the weather ahead, there are some things that homeowners can do to ensure their home doesn’t turn into an ice palace when the temperatures drop.

Getting your home ready for Winter doesn’t have to cost much, and each little improvement can help save expensive fixes and wasted energy, saving you time and money in the long-run.

Here’s how you can get your Northern Michigan home in tip-top condition this Winter:

REVERSE THE CEILING FAN

It’s something incredibly simple but it can make a considerable difference.

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Tax Savers For Home Owners

The tax filing deadline is quickly approaching. If you own a home, here are some important residential tax saving incentives you should not miss:

Residential Energy Tax Credits

  • Residential Energy Efficient Property Credit - Taxpayers may take credit up to 30% of qualified solar, wind, geothermal and fuel cell property improvements. This includes labor costs to assemble, build, and connect the equipment. The credit is capped at $500 per one-half kilowatt of capacity purchased.
     
  • Non-Business Energy Property Credit - Taxpayers may take credit for 10% of the qualifying costs to improve energy-efficiency for non-business property. Qualified improvements include adding insulation, energy-efficient windows/doors, or
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Thanks to its awesome snowfall and abundant skiing, winter is one of the best times of year to visit Northern Michigan. However, the storms that bring all that cherished snowfall have the potential to derail your travel plans. Follow these tips if you are driving to Northern Michigan in winter and want to have a safe and smooth journey.

Look at the Weather

The biggest factor to take into account when driving to Northern Michigan is the weather. If there are big storms making their way through Michigan, you might want to think about postponing your drive until they have moved through.

If you are itching to hit the slopes and make the most of all that new snow -- or if your travel plans don't allow you to reschedule -- simply plan for your

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Buying a home is an exciting time in many people’s lives. It’s the point in your life when you stop paying rent and start building equity with a mortgage. While there are many practical benefits to owning a home, something many people don’t discuss is the tax breaks.

As tax season is upon us, let’s take a look at some of the unique tax breaks that homeowners are able to take advantage of:

MORTGAGE INTEREST

For many first-time home buyers, one of the most pleasant surprises come tax season is the knowledge that your mortgage interest is tax-deductible. At the start of January, you should have received a notice from your lender letting you know how much mortgage interest you paid throughout the year. Homeowners are allowed deduct the tax

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The purchase of your first home can be an exciting and exhilarating process. Homeownership is something that many people dream of. Owning your own home means not being held accountable to a landlord. It means the freedom to paint, remodel, and redecorate your space how you like. It means creating the perfect space for you and your family to build a life together and create memories that will last a lifetime.

For most people, the purchase of a home is also the largest transaction they will make. This can be daunting. Few buyers have the resources to buy a home outright, and this can make the buying process even more complicated because lenders are involved too. One of the biggest challenges that new home buyers face is understanding the buying

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In this post you’ll learn how to do a 1031 exchange with real estate. Topics include: 1031 exchange rules, types of exchanges, success stories and more. Continue reading to learn how to use this powerful strategy!        

Introduction:

A 1031 Exchange, also called a Starker Exchange or Like-Kind Exchange, is a powerful tax-deferment strategy used by some of the most financially successful investors. This is, perhaps, even more true as we head into 2018. Why? Because in many U.S. cities prices real estate have surpassed the “bubble levels” of a decade ago. Because of this, many investors think that today is the optimal time to exchange properties in expensive markets for cash flowing properties across the country.

If you’re interested in

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The fireworks have burst into the sky to welcome the New Year, and the Christmas decorations are coming down. Most of us are returning to work after vacation.

As you return home from holiday travels or finish the last of that leftover turkey, it’s time to mull over what you hope to create in 2019. As a Michigander, your dreams can be as large as the state itself.

New Year’s resolutions are easiest to fulfill when your home fosters an environment that pushes you toward those goals. Here are some ways to prepare your home for making the most of 2019:

1. Robust kitchen = healthy family

Healthy eating begins in your home kitchen. As you prepare to live more intentionally in the new year, giving yourself real energy through healthy meals and

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Real estate investment in Northern Michigan can be a passive or active means to growing personal wealth. As housing costs appreciate, simply owning a home in the area is a great way to invest for the future.

But some people wish to be more involved in their investments. For those who love fast turn around, manual labor, and problem solving, house flipping is a popular and fulfilling form of real estate investment.

HGTV popularized the art of house flipping by portraying this DIY renovation business in a way that seems highly accessible. As a result, there’s been a surge of ambitious investors entering the market across the country. Competition to buy undervalued homes has increased, but there’s still opportunity for the careful, savvy investor

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So you’ve found your dream home and you want to start the mortgage process to make things official. There are two options for buyers when it comes time to secure their local mortgage lender: either go with a mortgage broker or get a loan from a bank. Many homeowners will tell you exactly what they think the right choice is and while their opinions may be valid, they are often biased by their own past experiences. To find out which option is best for your personal needs, continue reading as we look at what it’s like to work with a mortgage broker versus bank:

WHAT IS A MORTGAGE LENDER?

A mortgage lender refers to a bank or other financial institution that specializes in mortgage products. Banks employ loan officers who work off a combination of

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Homeowners should know what is generally covered before submitting a claim. However, all too often a claim is denied or homeowners find out that coverage is surprisingly lacking. Those that have been subject to floods have often found far too late that food damage is not covered in a standard policy. This is why it is important to learn more about home insurance. Depending on the area and typical weather conditions, homeowners may want to expand their coverage in order to avoid a potential issue. What are some of the common home insurance issues?

For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.

Know Your Policy

All policies are not the same. Standard policies often

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