When you are considering purchasing a home with an HOA, there are many questions that you may have. The most important question being, what are the benefits of living in an HOA?
HOAs typically do an outstanding job when it comes to maintaining their common areas as well as amenities such as manicured lawns, freshly painted and kept up exterior features as well as appropriately lighting and clean common areas. If the association looks good, the community feels good.
2 Bedroom, 2 Bathroom Condo located in desirable Mineral Springs Village in Gilford, New Hampshire! Ideal location for year-round fun.
Under Contract: 6 Cumberland Road, Unit 1, Gilford, NH 03249 Read Post »
Whether you’re a business owner with a few employees, working a traditional 9 to 5 or an entrepreneur, having a retirement plan is crucial.
Roadmap to Retirement Read Post »
Have you ever thought about buying an investment property on your own? If you have, it’s important to understand the ins and outs of investment properties. There are a few main factors to consider before your purchase:
1. Location
2. Down Payment
3. Insurance
Location: The neighborhood should positively impact your home’s value and attract tenants or tourists. It’s crucial that your property will be able to generate enough income to comfortably cover your expenses for the property, such as your mortgage, property taxes, repairs or HOA fees.
Down Payment: Investment properties require a higher down payment if they are not owner-occupied. Typically, it is a minimum of 20% down, but it doesn’t hurt to put more down if you are able.
Insurance: Rental property or landlord insurance covers property damage, protects again liability and lost rental income. A business owner’s policy is common with vacation rentals, since you’re basically operating a mini hotel.
Understanding Investment Properties Read Post »
