Outside-The-Box Ideas For Getting That Home You’ve Always Wanted

Getting the home you’ve always wanted requires a lot of work. Just searching around online and in estate agents for what you want can take a lot of time in itself, let alone the time it takes to earn money to pay for it. Here, we’re going to look at what you should do to get the home you’ve always wanted. Check out these tips.

Get Your Financial House In Order

These days it’s a lot tougher to get a mortgage, thanks to new restriction on banks following the financial crisis. The result of all these changes is that mortgage affordability tests are now a lot harder to pass and American home ownership levels have fallen significantly from their peak in 2006.

The first thing to do is to collect up all the documents you’ll need to make your mortgage application and submitting them in advance. You’ll need things like past pay slips, bank statements and employer records of employment, as well as details about any outstanding debts.

Look Into Alternatives

When you imagine the home you’ve always wanted, what do you see? Do you see a big house, made from bricks in a beautiful suburb somewhere on the edge of town? If you do, then you could be short-changing yourself.

But there is an alternative that offers far better value for money than that idyllic vision. Mobile homes for sale these days often come with far more modern amenities than traditional houses, plus they’re safer and better built. What’s more, you can do things like specifying the number of bedrooms you want, adding more without significantly increasing the overall cost. This is especially good for people who are planning a family. They’re damp resistant, have an ample floor space, and are often situated in areas that have far more community vibe – perfect for people bringing up kids.

Get Serious About Your Negotiating Skills

The market for homes can sometimes be competitive, not only on the seller’s side but on the buyer’s side too. It’s a good idea, therefore, to make a “sharp” offer. Essentially what this means is matching the highest offer made on the house so far, and then adding 5 percent on top of that. It’s worth remembering that this is only worth doing for homes that have received offers far below their asking price. Sellers are more likely react to offers significantly above their best offer, and will usually sell their houses for these offers, even if they are below their asking price.

When it comes to buying a home, things can still fall through, even when a sale has been agreed in principle. Often another buyer will outbid you, and the owners of the house you want will close the sale.

Not good.

You still have options, though. One thing you can do is write a letter explaining that you missed the chance the increase your offer. Then make a new offer, covering things like the cost of the sale and say you’re willing to purchase the house directly from them. You’ll have to offer them a significant amount, but if it’s big enough, you’ll sway them.

Reboot Your Career, Reboot Your Life

Nuestras carreras son en lo que generalmente basamos nuestras vidas. La ubicación en la que vivimos y los amigos con los que interactuamos a menudo dependen del tipo de trabajo que tengamos. Por ejemplo, si trabaja en una empresa de desarrollo de software, probablemente tenga un grupo de amigos que sean conocedores de las computadoras y les encanta jugar con las computadoras. Si trabajas como artista, lo más probable es que trabajes como autónomo o como parte de una empresa más grande y probablemente tengas un estudio en casa donde puedas dibujar, pintar y ser creativo.

Sin embargo, hay momentos en nuestras vidas en los que desearíamos poder reiniciar nuestras vidas. Ojalá pudiéramos dejar nuestro trabajo y comenzar de cero con una nueva carrera, o desearíamos haber elegido una disciplina diferente cuando estudiamos en la universidad. Estas situaciones de crisis de la mediana edad no son infrecuentes, pero rara vez actuamos sobre ellas. Afortunadamente, si somos capaces de dar el paso y encontrar algo nuevo para lograr o trabajar en la vida, no solo estaremos mejor, también estaremos reiniciando nuestras vidas de manera efectiva.

Aléjate y encuentra una nueva vida

Una de las formas más drásticas de reiniciar su carrera es buscar casas en venta en otro lugar. Podría ser otra parte de la ciudad, otra ciudad, un estado diferente o incluso el extranjero en un país diferente. Cuanto más lejos esté la ubicación, más lejos estará de su vida anterior. Por ejemplo, si te mudas a una casa que está a solo un par de millas de distancia, entonces no tienes muchas excusas para cambiar de trabajo y seguirás interactuando con los mismos amigos. Sin embargo, si te mudas a otra ciudad, las visitas de amigos y familiares serán mucho más escasas y tendrás que buscar un nuevo trabajo a menos que quieras viajar varias horas al día.

Encuentra algo que te guste hacer

Antes de decidirte por un cambio de carrera, debes intentar pensar en lo que te hace feliz en la vida . Piensa en cuando eras joven y en lo que te hizo reír de alegría con tus amigos. ¿Estaba jugando videojuegos? Entonces, tal vez una carrera en el diseño de videojuegos sería adecuada, y puede encontrar formas de incorporar su carrera en la nueva. Por ejemplo, como diseñador de software, no lleva mucho tiempo transferir sus habilidades al desarrollo de juegos. Si anteriormente fue un artista, formar parte de un equipo de arte para un estudio de videojuegos o un artista conceptual sería una excelente opción.

Como otro ejemplo, si te encantaba explorar cuando eras joven, quizás podrías conseguir un trabajo como especialista en exploración para una empresa de energía, o podrías comenzar una carrera en blogs de viajes. Todo lo que necesitas es algo de dinero, una forma de blog y una cámara, luego puedes irte a la naturaleza, grabar tus aventuras y tomar fotografías para mostrárselas al mundo. Bloguear es una carrera difícil, pero también ofrece libertad.

Changes You Can Expect From the Trump Tax Reform

Changes You Can Expect From the Trump Tax Reform

Virtually every year, tax laws and guidelines change. While that is a given, even more change can be expected when a new administration takes over with a different political ideology from its predecessor. This can affect the way funds are collected and redistributed which, in turn, can affect what you will pay to the IRS or get back for a refund. Beginning in 2019, you may notice changes from trump tax reform enacted in 2017.

Impact on Average Taxpayers

The main takeaway from the new tax policies is that average taxpayers will likely only see minimal overall benefits regardless of the changes if any unless you are the top 1% of households who will likely see benefits within the next several years. With tax brackets redefined, if you compare your projected rates from even a year ago, you can see that not only is there an increased range for each bracket, but the percentages for each level have also been reduced. While this may seem like it may translate to higher gains, that is not necessarily the case. For example, since itemized deductions and personal exemptions are no longer applicable, any gains from tax bracket updates will be less noticeable when it boils down to the overall dollar amount. This may be similar to what small business will experience.

Deductions

Another significant difference is the changes in deduction terms. Some of these include:

  • Numerous miscellaneous deductions from previous tax year eliminated
  • Itemized deductions only accepted for those living in disaster areas designated by the president, and for members of the armed forces
  • All personal exemptions have been eliminated
  • Standard deduction has almost doubled
  • No more deductions or reporting of alimony
  • Increase in child tax credit, and a new $500 credit for qualifying adult dependents
  • Estate tax exemption doubled
  • The threshold for medical expenses decreased to 7.5% from 10%
  • Deductions for state and local taxes now capped at $10,000

 

Impact on Businesses

On the flip side, if you are the owner of a larger business, the new tax plan is likely in your favor. With political leanings traditionally in favor of businesses, it’s no surprise that the tax reform is good news for those who fall in this category. For example, the corporate alternative minimum tax will no longer apply, and instead of a sliding scale used in previous years, corporate tax income is now a flat rate of 21% compared to 35%.

 

Another Notable Change

Those with education accounts will see some changes. The new tax plan allows for more flexibility in some types of student loans. For example, the discharged student loan debt due to disability or death is will not be categorized and taxed as income anymore. Also, 529 plans can now cover educational expenses for primary school as well instead of just higher education.

 

Check for Yourself

To get a better understanding of what numbers to expect, there are a variety of resources that can help you to do that even before sitting down to officially calculate your taxes. Whether you are doing your taxes yourself or enlisting the help of an accounting professional, it can be helpful to get a few estimates before your final submission. Consider online calculators that factor in these new changes if you are tackling your taxes on your own. Or, before submitting to a professional, free-to-low cost accounting software can give you figures that you can use to cross-check with your accountant.