Good Financial Reads: for Homeowners

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Catch up on some of the latest posts with this week's roundup:

A Complete Financial Checklist To Moving

Every city has its own cost of living, and it can vary dramatically within regions of the country. The East and West Coasts are traditionally more expensive than the middle of the country.

Before you do anything, figure out how far your money will take you. This number is a financial benchmark which will guide your other decisions.

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The 5 Key Reasons Why Real Estate Investing Is Awesome

by Jared Paul, Capable Wealth

The other day I had a friend ask me about investing. He has been saving up some money for a while and decided it was time to get serious about what he’s going to do with it.

A lot of the typical options came up. He asked me about stocks, bonds, mutual funds, and many other vehicles that are used for investment purposes. Eventually, we got to the topic of Real Estate.

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5 Home Buying Mistakes That Will Cost You Financially

by Todd Minear, Open Road Wealth

Your home is the foundation of your life and usually the center of your budget too. The location, home size, and school district drive many of your expenses.

Every home buyer wants all the amenities for the best price. After all, finding a good deal feels good. It’s a much better feeling than being house poor.

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4 Common Misunderstandings About Your Homeowners Insurance Policy

by Jiyao Xu, X and Y Advisors, Inc

It was sad to learn that thousands of people lost their home because of hurricane Harvey and Irma. As a financial planner, I am more worried about that some victims are not able to recover from the loss financially because they don’t have homeowners insurance. Even for those victims who have homeowners insurance, they would be surprised and unhappy about the actual amount they can receive from the insurance company due to lack of understanding of their own policies. They could not make any change now but will learn from the claim process.

For people who own a house and have not used your homeowners insurance before, I highly recommend you to read through your own policy and make sure you understand exactly what it covers and how much it covers.

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