Tag Archives: homeownership

Should I Buy a Home or Just Keep Renting?

Dear Housefax,

I’m out of debt, and I’m now saving for a down payment on a home. It’s always been my dream to be a homeowner. But lately, I read a lot of arguments against buying a home in favor of renting. How do I know if it’s a good idea for me? Should I buy or keep renting?

Sincerely,
Hopeful Homeowner  Continue reading

Time to Review Your Home Insurance Policy

home insurance review

Most of us take a “fix and forget it” approach to insurance. But insurance isn’t a crockpot dinner. Unlike Aunt May’s mouthwatering beef stew, insurance isn’t something you can just prepare, let simmer, and then return to when you’re ready to eat (or file a claim).

June 28 is National Insurance Awareness Day, the official annual reminder to review all your insurance policies for adequate coverage, changes in policy, and maybe even a pricing comparison. Whether you take advantage of this holiday or not, it’s important to take a look at your policies at least once year to make sure you have adequate coverage.

With regard to home insurance, in addition to an annual review, you should also revisit your home insurance coverage on these occasions: Continue reading

HOMEOWNER’S GUIDE: How to Quickly and Easily Organize Important Information About Your Home

Thanks to Centriq for this guest post!

When most people think of April, it’s usually in the context of Tax Day. And getting your taxes done often requires a fair bit of work, starting with making sure you have all the paperwork, receipts, W-2s, etc. in one place. So it’s no coincidence that April is also National Records & Information Management Month.

For homeowners, there is a LOT of information about the house that they should keep track of – from receipts for any improvements, repairs, or maintenance done on the house to manuals and spare part info (what is the water filter part I need? what paint color did I use on that wall?). For most of us this information is not well organized, so when we actually need it we waste a lot of time searching for it…including types of information you might not realize. Continue reading