What Percentage of Homes Are Owned by Investors? Approximately 25% of all single-family homes in the United States are owned by investors. This percentage has been steadily increasing over the past decade, with investor purchases growing from 10% to 15% each year prior to the COVID-19 pandemic. In 2020-2021, investor purchasing of single-family homes surged…
What Stops a House From Selling? There are various factors that can prevent a house from selling. One common reason is a failure to declutter, clean, and stage the home before showing it. Neglecting necessary repairs can also make a home less desirable to buyers. Advertising a house as being sold “as-is” can signal potential…
What Does the Maytag 10 Year Warranty Cover? The Maytag 10 Year Warranty covers defects in parts or workmanship for Maytag appliances purchased from an authorized retailer. The first year of coverage includes parts and labor, while limited parts coverage extends for the remaining nine years. Maytag also offers the Maytag Ultimate 10-Year Warranty for…
Does Condo Insurance Cover Water Damage? Yes, condo insurance usually covers water damage caused by plumbing, water heater, or appliances, as well as damage caused by heating or air conditioning systems. Burst pipes and damage inside the unit are generally covered. However, the coverage may vary depending on the condo association’s master insurance policy and…
What Insurance Do I Need as a Contractor? As a contractor, there are several types of insurance that you need to protect your business and mitigate potential risks. The main insurance policies you should have as a contractor are general liability insurance, professional liability insurance, workers’ compensation insurance, commercial auto insurance, inland marine insurance, and…
What Home Improvements Increase Property Taxes? Certain home improvements can increase property taxes. Tax assessors use assessed value to calculate property taxes, and factors such as property size, condition, and features influence this value. Home improvement projects that increase square footage or require a building permit can trigger a tax reassessment. Projects over $5,000 are…
Can You Return Paint at Lowes? Yes, you can return paint at Lowe’s. They have a return policy specifically for Valspar paints, where customers can return interior paint if they don’t like the color and exchange it for a different color. This can only be done once per year, and customers must have the original…
Can You Be Your Own Real Estate Agent? No, it is not recommended to be your own real estate agent. Only 8% of homeowners sold their homes without an agent in 2020, and FSBO sellers tend to sell their homes for 5.5% to 6% less than agent-assisted sales. Pricing a home without the guidance of…
How to Pull Equity Out of Your House? To pull equity out of your house, there are several options available to you. Some of the most common and effective ways to do so include using a Home Equity Line of Credit (HELOC), obtaining a home equity loan, pursuing a cash-out refinance, or entering into a…
Why Is Paint So Expensive? Paint is so expensive for several reasons. Cheaper paints often use lower quality ingredients, fewer pigments, and less Titanium Dioxide, which can affect coverage and durability. On the other hand, designer paints have more Titanium Dioxide, providing better coverage and durability. Cheaper paints may fail to meet customer expectations, leading…
Is It Better to Donate to Goodwill or Salvation Army? It is difficult to definitively determine whether it is better to donate to Goodwill or Salvation Army, as both organizations have their own strengths and weaknesses. Goodwill focuses on reselling items and donates about 82 cents of every dollar to charity, while The Salvation Army…
What Is Cheap Expensive and Free? Cheap, expensive, and free are terms that describe the varying costs of different items or services. When something is considered cheap, it means that its price is comparatively low in relation to similar products or services. Conversely, something is said to be expensive if its cost is considerably higher…
What Does Landlord Insurance Not Cover? Landlord insurance does not cover tenant belongings, repairs or maintenance issues, damage caused by tenants, or loss of rental income due to property damage. It also typically excludes coverage for flood and earthquake damage. Tenants are encouraged to obtain renters insurance to protect their personal possessions, and landlords may…
How Often Does Sherwin Williams Have Sales? Sherwin Williams has sales and discounts available to customers regularly. Sales and coupons are offered at least once a month, with more frequent sales during the summer. Customers can save up to 40% off on various products during these sales. Current Sherwin-Williams coupons and sales can be found…
Do I Need a Home Warranty? Yes, you may need a home warranty. A home warranty can be beneficial for homeowners who do not have the time or skills to fix appliances and systems themselves. It can cover the cost of repairs beyond the service charge included in the contract, saving you money on expensive…