Remodeling any room can become an expensive job, but according to the Remodeling 2014 Cost vs. Value report, kitchen remodeling tops the list of most expensive rooms to remodel in the house. The cost of a major kitchen remodel averages around $54,909, while a minor remodel can still cost about $18,856. Experts say the materials…

Reverse mortgages have become a popular choice among seniors who may be experiencing financial difficulties. Many experts say the product it is a smart option for those with limited alternatives. An online checklist provides a list of tips that may aid in determining if a reverse mortgage is right for you or your family. To…

According to data from the Federal Reserve, the value of home equity in the United States increased by $794 billion in the first quarter of 2014. The report states that this increase will be felt in the housing market in the near future. Several contributing factors include an increase in home equity lending, more lax…

With the arrival of summer heat comes the need for increased air conditioner usage; however this does not necessarily mean an increased energy bill. According to the Consumer Guide to Home Energy Savings published by members of the American Council for an Energy-Efficient Economy, there are countless ways not only to stay cool during the…

According to the latest home price index from CoreLogic, the U.S. is approaching 3 years of consistent year-over-year increases. While home price has continued to rise, the pace of appreciation has begun to yield. Data shows that the gains may likely be attributed to the sale of distressed homes, however without these figures the average…

Buying a home can be a daunting process, especially for first-time buyers. Independent Community Bankers of America offers several tips for simplifying the process. ICBA recommends that potential buyers first closely analyze their earning and spending habits, and then meet with a banker to discuss financial options before beginning to look at homes on the…

Moving into a smaller rental property has become a popular trend among retired seniors as it can help cut monthly finances, and also save money on expensive repairs and maintenance. According to 2012’s Census Bureau data, the median gross rent for seniors is approximately $750/month in numerous metropolitan areas making locations like Portland Maine, Providence…

In an attempt to save money, many people are taking on home improvement projects themselves. While the thought of doing it yourself and saving hundreds, if not thousands of dollars may be an exciting idea, not all projects should be undertaken without consulting a professional. Experts warn that most DIY projects end up taking up…

Fixed rate mortgages have fallen once again, making this the fourth consecutive week rates have dropped. According to Freddie Mac, the average national 30-year fixed-rate mortgage fell from 4.14% last week to 4.12% this week, while the average national 15-year fixed-rate mortgage decreased from 3.25% last week to 3.21% this week. Additionally, the number of…

According to Remodeling magazine’s 2014 Cost vs. Value study, curb appeal adds significant value to a house. Simple things that make your house more pleasing to the eye can increase the return on investment greatly, and make a positive impression on visitors and potential home buyers. Experts say checking the roof for leaks, damage or…