What will happen to your home when you die? Will it get passed on seamlessly to your heirs? Or will the government and creditors get some or all of it? What if you become incapacitated later in life and cannot take care of your home? What will happen? Those are touchy questions to ask, but the first set of questions is inevitable, and the second is possible. If we care what happens to our Continue Reading
Archives for February 2022
Helping Your Adult Children Buy Their First Home: What You Should Know
If you’re thinking about helping your son or daughter purchase their first home, you are not alone. Many parents, just like you, help their kids make the jump from living at home to owning one. According to the National Association of REALTORS®, 23 percent, or nearly one in four, of those 37 years old or younger used a gift from their parents to buy their first home, and 6 percent relied on a loan Continue Reading
Should I Buy or Should I Build? Pros & Cons
You want a new home…or at least one that's new to you. Should you buy or build? Both have their pluses and minuses. How do you decide which avenue to take? That depends on the time frame you have to make a move, where you want to live, and how much personal customization you want in your new (or new-to-you) home. According to the U.S. Census Bureau, the median price for an existing home in the Continue Reading
