Which Chicago Neighborhood Is The Right One To Settle In?

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Choosing the perfect home to settle in can be a tough decision. You have to weigh in on many factors including price, size, features and amenities, number of bedrooms and baths, design, and so on. However, all these factors are not enough to give you a great home ownership experience if you fall into the wrong Chicago neighborhood. RELATED ARTICLES: How …

What Chicago Home Buyers Should Know About Short Sales

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As potential Chicago home buyers, you are probably familiar with what a typical sale looks like. You probably also have a basic understanding of what a foreclosure is and how it works. Another type of sale that may be less understood is called a short sale. These sales are not as popular in the market, but you may come across …

Should Future Chicago Homeowners Pay Discount Points When Getting a Mortgage?

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One of the challenges future Chicago homeowners will face when deciding how much money to put down on their new home is whether to put down a larger down payment or to take a bit of money from their down payment and use it to buy “discount points” to lower their interest rate. RELATED ARTICLES: What Are The Benefits And Drawbacks …

Buying A Chicago Fixer-Upper? Know These Top Resources To Make The Most Profit

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If your financial situation is limited, yet you’re handy with a hammer and nails, then purchasing a Chicago fixer-upper home can be an attractive option. Fixer-uppers typically require a bevy of updates and repairs to bring the home up to current market conditions. Because of this, the listing price is often considerably less than a move-in ready home.  Your trusted …

Manage These 3 Items Before Applying For A Mortgage

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Mortgage lenders weigh the risk of getting their principal and interest paid back by looking at the qualities of the prospective borrower. And due to the amount of money being requested and lent to purchase homes, those requirements can become daunting.  Working with a trusted and qualified mortgage professional makes this sometimes confusing process a little clearer. To this end, …

Solar Roof Panels: A Mainstream Option For The Chicago Home?

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Do rooftop solar panels add value to a Chicago home, and are they cost-effective in terms of energy savings? The short answer is yes, say the experts. Although more than a million U.S. homes boasted solar panels in 2016, the percentage of solar-equipped households is still miniscule. That may change, however, as domestic prices for solar installations continue to decrease and …

How The 2018 Tax Changes Can Affect Chicago Homeowners Mortgages

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When the chatter was at its peak on the 2018 tax law changes being proposed, one of the big areas of concern for Chicago homeowners was the elimination of the mortgage interest deduction. Right behind that issue was a similar treatment with regards to property tax deductions. RELATED ARTICLES: Best Tax Deductible Home Improvements for Chicago Homeowners As the rumors swirled …

Best Tax Deductible Home Improvements for Chicago Homeowners

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Before delving into tax-deductible home improvements, it’s important to understand that these tax deductions won’t be applied immediately. In most cases, Chicago homeowners can only benefit, tax-wise, from their home renovations later, when they sell their home. It’s important for Chicago homeowners to keep receipts for their improvements, though so they have proof of the improvements they made, even if …

Home Modifications For Aging In Place Chicago Homeowners

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Some Chicago homeowners transition into assisted living, they may have no desire to call such a place home. They are not alone. According to the Aging in Place Housing Survey conducted by the American Association of Retired Persons (AARP), more than 90 percent of seniors want to remain in their home. Many survey respondents said that they would rather use …