New homes will take a big bite out of anyone’s budget and there will probably be little left over to add decorations of furniture. No worries, there are many fabulous tips and tricks that can implement a change into any room without spending much money. Most of them will not take anything but time and effort.

When moving into a brand new house, everyone wants to personalize it in some way or another. The problem is that after putting money down on house payments and moving costs, there is little cash left in the budget for decor. No worries, there are several inexpensive things that are easily done to make the structure feel like home.

Quick decorating tips

The fact is that it does not take a large amount of money to add those special touches to a home. There are many fabulous decorating ideas that require very little funding. In only a few days the entire place will leave friends and family green with envy.

Although some people have their homes specially built, most move into structures that are already made. The premade houses generally have walls in bland colors like white or even beige. Over time these shades might be very hard to look at. Brighten up each room by adding a bit of paint to them. Choose colors that are bright and cheerful for the kitchen and bathroom. Bedrooms need to have tones that are soothing like blues or lavender. Use darker hues for the living room and dining space. Be creative when painting a new home and pick eye pleasing shades.

One much overlooked, easily changed, option is the fixtures located throughout the house. Light switch covers and even cabinet knobs can be changed quickly and with very little expense. There are many styles available at any home outlet.

House plants offer a great way of modifying the look of any room. Choose greenery that reflects the rest of the room or blooms that match the colors scheme. Not only will the home take on a nicer appearance, but the air will be cleaner as well.

Window covering are a great means for changing any space. There is a wide array of blinds and treatments that are available. Most of them are easily installed even for those who are inexperienced at such things. Covering up the windows serves to accent the space while providing privacy and shade at the same time.

Any type of photos or picture will add a great feel to a space. The simple act of implementing images into the home is a fabulous way to change the way it looks. Frame a poster as an inexpensive way to add some beautiful art without spending tons of cash.

One tip that many people use in their living space is adding some rugs and pillows. There is a variety of colors and they cost very little. Be certain that the hues and patterns fit in easily with the rest of the decor and don’t clash as it could cause bad results.

New home can be easily changed by simply adding a few special touches. They require very little effort and are relatively inexpensive. Accessorizing the house is as simple as adding those little touches to a fabulous outfit.

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Are you looking to get filthy stinking rich? Real estate was probably not a way to do it over the last 5 years. However, with the huge adjustment in prices real estate is starting to look more attractive. There are several ways to make money in real estate. One way is flipping properties and another is buying and holding.

Flipping a property for big profits appeals to a lot of people. There are tons of books, blogs and websites about this topic. Search around in Google and you will see what I mean. It appeals to many because of the limited market risk, the potential for big profits and no tenant headaches.

Take just about any decent size city in the country and you are sure to find a good number of investors running around looking for home to buy, fix up and flip. If a home comes up for sale and the price is below market value you will see investors swarm like bees. Often times the homes get bid up by the investors so much that it ceases to be a good deal.

In Sarasota, Florida where I live there are plenty of investors going to the courthouse auctions and bidding on the foreclosures. Lately, I have heard from several different investors is that the foreclosing banks are bidding up the homes to retail value so an investor cannot buy it, fix it and sell it.

Looking for properties to flip is very popular but another way to make long term money in real estate is to buy and hold. This is more like the tortoise approach. You may not make much, if any, money in the beginning but you can build up a nice retirement income for yourself. The problem with flipping is that you have to keep doing it. You have to keep finding homes that can be bought at wholesale values. Wouldn’t it be nice to own 5, 10, 20, 30 paid off homes that were rented out? Imagine sitting on the golf course in your retirement years making money without having to swing a hammer, paint and fix up a home to flip.

Time Value of Money – If you have ever taken any kind of finance course or read a finance book then you are probably familiar with the phrase ‘time value of money’. This is essentially just how money can grow over time and a dollar yesterday is worth more than a dollar today because you could have invested that money and earned some interest. For example, if you invested $10,000 today and earned 6% a year for 10 years then your money would grow to $17,908.

Search the internet and find a financial calculator. It is fun to see how money can grow over time. Financial strategist tell you to start investing early in life. For example, assume you invest $10,000 when you are 20 years old and invest $10,000 a year, every year until you are 65. If your money earned 5% a year your account would have grown to over $1.7 million. Now imagine you did the same thing but started at 40 years of age. Your retirement account would be just over $500,000 which is less than a third had you started 20 years earlier.

Now let’s see what how the time value of money works in the real estate world. Say you bought a home for $100,000 with an $80,000 mortgage, 15 year mortgage. Assume the income equals the expenses.

Here is what your home would be worth after 15 years assuming these appreciation rates.

* 1% – $116,096 * 2% – $134,586 * 3% – $155,796 * 4% – $180,094 * 5% – $207,892 * 6% – $239,655 * 7% – $275,903 * 8% – $317,216

After 15 years your mortgage is paid off and your $20,000 investment grew into a home that is free and clear and earning you rental income every month. If you assume real estate prices increased 3% a year on average then your $100,000 home is now worth $155,796. That is not a bad rate of return. You also can count on the rental income as well.

Now imagine owning a bunch of these paid off homes. You would have a nice portfolio of real estate that has no debt and earns monthly income. Not a bad way to retire. You could be enjoying life on the golf course while the flippers are out there finding more homes to paint, clean and repair. Which sounds better?

Marc Rasmussen sells Sarasota FL Real Estate

As of 2009, bankruptcy filings that were new increased by over thirty five percent in just one year. Although it may seem like a dismal sign, a good way to look at it is that all of these people are on their own paths to rebuilding their credit scores and ultimately, financial freedom. We have all seen commercials with “people just like you and me” urging us to go to whatever website and check on our credit score. We know that if the number is high, it’s a good thing. It it’s low, it could mean trouble finding a loan, getting a job, or a new place to stay. But just what is a credit score?

Your credit score is packaged up in one (hopefully!!!) three digit number that is based on a statistical analysis of your very own personal credit file. A credit score’s purpose is to give you a major headache, and for the banks to review your capacity to take on debt and repay a credit obligation. That is why credit card companies and banks will look over your score to figure out how much credit they want to decide and offer you and at what interest rate.

So how is your score determined? The Fair Issac Corporation, or as you may know them, FICO, was the first organization to create a scoring system in 1958. The report recently underwent a makeover (FICO 08) but it’s not used by all agencies. In this new, improved FICO 08 version, minor credit delinquencies are not counted against you when you for the most part do a good job repaying your debts.

There are five questions that a credit score asks. What is your payment history? How much debt do you currently owe? Just how long have you had credit? How many times have there been credit inquiries made on your report? And what type of credit do you have? So let’s say, for argument’s sake that you screwed up. Just how long will negative marks impact your credit score? Well, that depends on the type of information. Plain old negative information can stay on your credit report for up to seven years. In the case of bankruptcy filing it can remain on there for up to ten years. Here is where we get into the creepy big brother aspect of credit reports. Every person has their own personal credit file, and what this means is that the impact from person to person will affect each differently.

If you are worried about your financial situation, would like to know more or are considering bankruptcy, it is in your best interest to seek out the advice of a financial planner. One that works for a fee is preferable, because they will have your best interest at heart and not their commission. Good luck in your financial journey!

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