Hope for your financial life and beyond

Your Mental To Do List Before Starting a Room Addition

So you’ve made all your plans and crunched the numbers and are finally ready for a room addition. That’s great news! But are you sure you know what to expect for the next couple months?

room additionMost homeowners think they know exactly what is coming. The truth is that most people have not done a room addition.  Consequently, they overlook some of the details that are involved. To that end, here is a list of daily activities and truths involved with any room addition you need to be aware of.

Prepare For Dust

You need to prepare for the worst if you or members of your family have OCD (obsessive-compulsive disorder) or are used to very clean environments. Things will most definitely get dirty. Walls will be removed, electricity re-routed, grading and excavation among other activities that cause a lot of dust and dirt.

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Managing a Home While on Vacation: Do’s, Don’ts, & Money Saving Tips

Going on vacation soon? Then you will enjoy this post today by Hank McKinsey, rental property owner and blogger at Homebyhank.com.

Taking a vacation can be a fantastic way to relax and regroup from your daily and weekly routine. While vacations are exciting to prepare for, one thing that often gets neglected is your home.

vacationPrepping your home for your time away will ensure that it stays safe and secure, and things like pets or plants aren’t left without care. Vacations can be expensive, so it’s also important to save money during these preparations. With a few quick tips your home, pets, and garden will be happy even in your absence.

The Basics of Going Away on Vacation

Do’s

As part of your vacation planning you should make sure there is a system in place to help you keep your house safe and secure:

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The Best Home Renovation Projects That Hold Their Value

home renovation projectsIt’s the depths of winter but spring will be here before you know it. With that your thoughts might be turning to that home renovation project you’ve been waiting for. Now’s the time to get the final plans and cost in place so when the weather turns nice you can hit the ground running.

A home renovation isn’t simply painting a room or putting down new carpet. Those things are nice to do and are needed from time to time. When I say home renovation I’m referring to big projects…ones for which you might want to call in a contractor. For the most part these are projects that are going to cost thousands of dollars, maybe even reach into 6 figures.

With that much money at stake it’s important to do your research ahead of time. One of the big issues is how much return you can expect to receive on your home renovation investment. You don’t want to dump $20,000 into a project only to see it’s value dwindle to nothing.

We’ve been thinking recently about finishing our basement. We could add several additional rooms of living space there along with perhaps a bathroom. We know it would add value to our home life (giving us more personal space) and add value to the home itself. But how much money to put into it is the real question. What could we expect to get back in value if we ever sell our home?

With that in mind, check out this infographic from Contractor Quotes. It shows the typical cost of each major home renovation and what you can expect to recoup in cost when you sell your home.

Home Renovation Projects That Increase a Home’s Value

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8 Sneaky Places Mold Hides in Your Home and How to Get Rid of It

Like many others I suffered from allergies as a child. The allergy screening my pediatrician conducted revealed my greatest allergies were to dust and mold. Mold was especially problematic because our house was built around 1910 and the brick basement walls routinely allowed water to seep through. Consequently we often dealt with moisture in the air – a common factor in the production of molds.

how to get rid of moldMold is a fungus that can be found anywhere in nature. It can survive indoors and outdoors at any time of the year. However, according to the Center for Disease Control (CDC), it grows best in locations that are warm, damp and humid.

Mold spreads by producing tiny spores that are released into the air. Coming in contact with these mold spores can produce allergic reactions including sneezing, runny nose, red eyes and even skin rashes. They can even produce asthma attacks in people with asthma who are allergic to mold.

You may have heard that some molds are toxic and pose an even greater danger. While certain types of molds can produce toxins the mold itself is not toxic or poisonous. The CDC has reported a few cases where mold toxins created a further health risk. However, under normal circumstances the mold types and levels we experience on a daily basis are not harmful beyond fever-like allergy or asthma symptoms.

Regardless all molds should be taken with the same amount of care whether it is a kind that produces toxins or not.

How to Recognize You Have a Mold Problem

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How to Bug Proof Your Home Inside and Out

We’ve had our share of bug issues in the home recently. Most notable we’ve had a constant stream of ants in the kitchen all summer long. It seems every morning – no matter what we do to clean – we find a few scurrying through our kitchen.

bug proof homeI know that most bugs have been identified as being either harmless or beneficial to our world. We need them to maintain environmental balance. However, that doesn’t mean I want critters that buzz, fly or have more legs than I do creeping through my home all the time.

Our first inclination when that long line of ants goes streaming through the kitchen is to follow the traditional method for eradicating pests – reach for the spray can (or call in a professional if it’s severe enough, which of course can cost a lot of money). However, these methods only treat the symptom not the fundamental cause as to how bugs enter the home. Additionally, pesticides can contain chemicals that could have lasting effects on children or pets that live inside the home.

The Environmental Protection Agency (EPA) suggests an environmentally friendly, common sense approach to controlling pests. The goal is to eliminate the use of pesticides by focusing on prevention. In essence, you will want to stop all the conditions that entice and allow pests to enter the home.

Inside the House Steps to Bug Proof Your Home

What do humans need to survive? If you answered food, water and shelter you would be correct. It’s interesting that bugs need all three of these as well. No wonder they like your home so much.

Since that’s what bugs need you should work on correcting those issues. Follow these best practices in each area to bug proof your home:

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7 Popular Work at Home Schemes and How to Spot Them

You open your email one morning and there it is ­– the most enticing, perfect job offer you’ve ever seen.“Be part of one of America’s fastest growing industries. Earn thousands of dollars a month…and you can work at home!” the ad reads.

The best part is the job will require very little work.

Work at home scamsIt sounds too good to be true.

Well, you might actually want to slow down for just a minute. How do you really know that job offer is legit? There are many work-at-home schemes that entice people with huge promises. In fact, some work-at-home offers are illegal and could land you in potential trouble should you participate.

Since that is the case, it would be wise for you to know the most popular work-at-home schemes and how to identify if that job offer really is a scam.

Popular Work At Home Schemes

According to the Federal Trade Commission (FTC) and the Federal Bureau of Investigation (FBI), these job offers have been identified as the most common work-at-home schemes:

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What Do I Need to Know About Homeowner’s Insurance?

Getting the right type of homeowners insurance is a must to be able to put your life back together should a tragic event strike your home.

Imagine this scenario:

You awake from a drowsy sleep at 2 AM to the blaring noise of an alarm. Your eyes are stinging and you begin to cough as you are forced to breathe in the smoke filled air. You leap from the bed as your survival instincts kick in. Grabbing anything of value you quickly rush to the nearest exterior door and head into the yard. In horror you watch as flames are emanating from your attic.

Fortunately no one is hurt and emergency services arrive in time to keep the home from being a total loss. But the damage is severe and you wonder how you will recover from this tragedy.

homeowners insuranceI’ve known a few people who have lived through a house fire, flood, tornado or other significant event that damaged or destroyed their home. I can’t imagine the emotion that comes with watching your possessions being destroyed. We pour so much time and effort into making our home an enjoyable space in which to exist that they really become an extension of ourselves. Losing them means losing a piece of who we are.

The silver lining is that life can be put back together. You might not be able to recoup all the possessions you lose but you can move on with the help of a good homeowners insurance policy. If you own a home – or are even a tenant renting a home – having homeowners insurance is a must.

What Is Homeowners Insurance and What Does It Cover?

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A Beginner’s Guide to Home Remodeling Costs

The first house my wife and I owned was brand spanking new – right out of the box. We walked in to fresh paint, clean carpets, new appliances and a cute little covered porch right off the back door. Everything was so perfect…so new. We had no home remodeling costs to speak of.

home remodeling costsA few years and two kids later we decided it was time for some more space, so we moved into our second (and still current) home.

While nice, this home was, well…not so new.

The carpet was bad, EVERYTHING in the kitchen was dated, the deck was falling apart and who could forget that rust-toned, orange paint in the hall bathroom.

Of course we were thankful for finding a home to fit our growing family needs. But we knew changes to the home were in order…starting with the hideous orange bathroom.

Once the bathroom paint was satisfactory to our eyes, we set out creating a home projects to-do list. Needless to say it became quite long. In fact, 12 years later several of the projects on that list (like finishing the basement) have not been completed.

But in that time we have incurred some major home remodeling costs for our various projects including:

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