.png)
Detroit Cost of Living: Detroit, MI Living Expenses Guide
Posted by Michael Perna on
Detroit is a community that is known by many names to many people. The city's most well-known name is the Motor City, gained after it became the home of the United States automotive industry. Music lovers may know Detroit as Motown, which became popular after Motown Records popularized the style of Detroit music. In the golden age of the Red Wings, Detroit also took on the name Hockey Town. A more recent campaign dubbed Detroit as "The D," and these are still just some of the different nicknames Detroit has collected over the decades. No matter what you call it, modern Detroit is many things to many people. Most importantly, more than 600,000 people call the city home.
Compared to other major cities, Detroit has a very low cost of living. Detroit's…
8198 Views, 2 Comments
When it comes to researching mortgage options, hopeful home buyers are bound to run into a number of terms that are unfamiliar to them. From ARMs to FHAs to DTIs, the list of mortgage categories and criteria can quickly start to blend together. As buyers explore the many options available, it's not always clear what the right choice is. Learn more about how conventional loans work and what every home buyer should know about them before they finance a property.
When you've lived in a house for a while, it's natural to want to improve it and make your life there better. Some home improvement projects can get expensive, however, and if you're planning to sell your house, some projects might lower the return of investment. How can you improve your ROI instead? Here are five home improvement projects to consider.
Some home repairs are best left to the professionals. When safety is at risk, or when the job is just too easy to complete incorrectly, it is usually best to hire a contractor. Other jobs are easy for homeowners to complete and will ultimately save them money by doing so. Knowing the difference between these two types of repairs, and being able to identify them before getting started, can help homeowners take care of their home.
An FHA loan is a flexible type of loan for home buyers to discover when considering their loan options. Additionally, the FHA loan is often the preferred home loan for first-time home buyers. The following information will detail what home buyers should know before choosing an FHA loan.
For some people, selling their home can affect how much they must pay in taxes at the end of the year; however, not everyone is affected by this tax rule. If you will be selling your home sometime in the near future, there are things you may want to understand about capital gains and how they work. The more you know about this important tax rule and how it affects you, the easier it will be for you to file your taxes at the end of the year.
There's no questioning whether homeowners want to save money on their energy bills. Any extra funds wasted on inefficient walls and poor appliances can be put to good use elsewhere. The real problem is deciding which upgrades to make and when. Energy efficiency will look different for every home, depending on its construction date, environmental factors, and specific property traits. The best way to calculate the ones that are right for any given property is to rely on the average returns on investment. Here are a few suggestions with good rates of return for a better idea of how to get started.
Getting started in real estate investing starts with learning the basics of the types of properties available and how an investor can use them to make money. Like any potential venture, an investor will take on some degree of risk—no matter how fool-proof an opportunity seems. Learn more about the common terms of investment, how land can be used, and what tips to keep in mind before plunging in.