home equity: Harness the Power of Your Home Equity - 02/01/20 07:06 AM
Take Advantage of Your Home Equity: A Homeowner’s Guide
 
 
Homeownership offers many advantages over renting, including a stable living environment, predictable monthly payments, and the freedom to make modifications. Neighborhoods with high rates of homeownership have less crime and more civic engagement. Additionally, studies show that homeowners are happier and healthier than renters, and their children do better in school.1
 
But one of the biggest perks of homeownership is the opportunity to build wealth over time. Researchers at the Urban Institute found that homeownership is financially beneficial for most families,2 and a recent study showed that the median net worth of homeowners can … (2 comments)

home equity: Will Your Remodel Pay Off? The Best (and Worst) Ways to Spend Your Budget - 07/01/19 06:24 AM
Will Your Remodel Pay Off? The Best (and Worst)
Ways to Spend Your Budget
 
Most new homeowners have something about their property that they want to change. And as family needs and design trends shift over time, many will eventually choose to remodel. Some homeowners make updates to their property before listing it to maximize their potential sales revenue.
 
Whatever your reasons are for taking on a home improvement project, it’s wise to consider how the money you invest will impact your home’s value.
 
We’ve taken a look at six popular home renovations and identified those that—on average—have the best and worst returns … (0 comments)

home equity: What's Your Home Actually Worth? - 03/01/19 05:31 AM
What’s Your Home Actually Worth?
Discover What Buyers Will Pay in Today’s Market
 
 
It’s easy to look up how much money you have in your savings account or the real-time value of your stock investments. But determining the dollar value of a home is trickier.
 
As a seller, knowing your home’s worth helps you price it correctly when you put it up for sale. If you price it too high, it may sit on the market. But price it too low and you may be losing out on a good chunk of money (nobody wants that!). For buyers, it’s important to know … (1 comments)

home equity: Real Home Value Calculator: Assessed Value vs Market Value - 07/05/17 01:22 PM
Real Home Value Calculator: Assessed Value vs Market Value
 
Understanding a home’s true market value is about more than pictures, software assessments and price-per-square-foot. Whether you’re a current homeowner thinking of selling or are house-hunting, it’s crucial you understand what factors affect home valuation. By partnering with a local market expert, sellers will avoid pricing their house out of the market (the kiss of death in real estate) and buyers will ensure they get a good deal on their next home.
 
So, how do you accurately calculate a home’s value? After all, the value a home is assigned by its town or county … (1 comments)

home equity: Top 5 Home Design Trends of 2017 - 05/03/17 01:15 PM
Top 5 Home Design Trends of 2017
 
The current trends are all about utilizing rich color, maximizing texture and creating comfortable interiors you can’t wait to relax in. Use these trends to get inspired to makeover your home’s interiors and create spaces you love that also appeal to your personal style. Remember, if you plan to sell in the next few years, you may want to avoid doing anything dramatic and instead incorporate small changes that would appeal to buyers.
 
Why are these trends gaining popularity?
The underlying theme of these trends is creating a home environment you love; one that appeals to your … (0 comments)

home equity: Increase Your Home’s Value Up to 28% with These 5 Tips - 04/05/17 01:15 PM
Increase Your Home’s Value Up to 28% with These 5 Tips
 
Great curb appeal not only makes your home the star of the neighborhood, it can also improve its value and help you sell it for more. Whether you’re thinking of listing your home or just want to make your home the envy of your neighbors, here are several ways to increase your home’s curb appeal.
 
1. Make your home’s exterior look like new.
For many potential buyers, the condition of the exterior of a home can offer clues to the condition of the interior. The first place to start when boosting curb appeal … (0 comments)

home equity: The Compound Effect: Building Your Household’s Wealth - 03/01/17 01:35 PM
The Compound Effect: Building Your Household’s Wealth
 
Wealth is within reach for many people; however, according to a recent study, 63 percent of Americans said it’s not likely they’ll become rich.1 While younger people are more likely to say they’ll achieve wealth one day, only 34 percent of people aged 30 to 49 and 21 percent of people aged 50 or older say the same. There is no secret to becoming rich: it takes time, sacrifice and good financial sense. Here are a few ways to build your household’s wealth.
 
Let Compound Interest Work for You
Compound interest is your interest earning interest. While … (1 comments)

home equity: The Home Equity Playbook - 10/06/16 07:24 AM
The Home Equity Playbook
 
What is Home Equity?
Home equity seems to be a very simple calculation — the total amount of mortgages owed subtracted from the current market value of a home. Here is a simple example:
 
Current Home Market Value  $325,000
Existing Mortgage                                       $225,000
Homeowner Equity                                     $100,000
 
One side of the equation is well defined, and it is found on the monthly mortgage statement, the loan balance. The other side is less obvious — the current market value of the property.
 
As a homeowner, your down payment purchases your initial equity, and your monthly (or additional) principal payments increase your equity. In … (0 comments)

 
Mark and Laura Anderson, Common Name - Uncommon Service (Realty Group ) Rainmaker large

Mark and Laura Anderson

Common Name - Uncommon Service

White Bear Lake, MN

More about me…

Realty Group

Address: 3555 Willow Lake Blvd, Suite 100, Vadnais Heights, MN, 55110

Mobile: (651) 307-4020

Mobile: (651) 428-4996

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog