If you’ve started to think about how your family is going to be taken care of when you’re gone and what’s going to happen to all your possessions, you may have considered beginning long term planning Manassas VA. Long-term estate planning is essential to smooth transfers of inherited property and avoidance of legal disputes, and is not just for the wealthy. If you’re still not sure whether you should start your estate planning, here are just a few of the reasons why it’s so important.
1. It Helps Protect Your Beneficiaries
Even if you don’t consider yourself particularly wealthy, it’s likely you still have some assets, such as residential real estate or investments in the stock market, that you’d like to pass down to your heirs. Any such assets can sometimes become contentious if there are no clearly designated beneficiaries. If you want a certain person to receive your house, for instance, be sure to specify this.
2. It Can Have Tax Benefits for Heirs
One aspect of your estate you may not have considered is the tax implications for your heirs. Without any planning, much of your estate may be subject to hefty state and federal taxes, leaving beneficiaries with less. Planning ahead of time, however, can sometimes significantly reduce their tax burden.
3. It Prevents Disputes
In the absence of a clear will, it’s all too easy for families to fall into disputes about what you may have wanted. To avoid infighting and emotional strain, a straightforward estate plan helps provide some control.
While it might not be fun to think about what’s going to happen to all your assets after you’re gone, a little planning ahead of time can save your loved ones a big headache down the road. If you’re on the fence about starting your estate planning, keep these key facts in mind and you can make the right decision for your family’s future.
You’ve decided to rent out your home, but now the real work starts. While painting, replacing carpets, and making other aesthetic improvements is very important, here are 3 other things to consider when renting your home for the first time.
Protect Your Property with Insurance
Rental insurance is an essential part of protecting the assets inside and outside of your home. Renter’s insurance can cover the cost of lost or damaged items, but it can also be used in the event of a disaster or, in some cases, it can be used to pay for an alternative place for your renter to live (such as a hotel) should your HVAC malfunction or should something else happen that would deem the home uninhabitable.
Hire a Property Manager
If you aren’t the type of person who is willing to take calls at all hours of the day and night, then you may want to consider hiring someone to do property management Watauga County. A property manager acts as a landlord and is the first line of contact for your renter. They will handle all maintenance issues and act as a middleman between you and your renter-so you don’t have to get involved in any awkward situations.
Always Be Prepared for a Bad Tenant
As terrible as this sounds, sometimes even the best tenants can turn sour. Understand the costs and rules associated with eviction in case you have to do it suddenly. Typically, if a tenant does not leave when asked, you cannot simply kick them out and you may have to go to court, which is not always a cheap undertaking.
Renting your home is a great way to make money, but it can take some getting used to. Ensure that you understand the key tasks that need to be handled in advance, and you’ll have a profitable investment property.
More people than ever before are moving away from the cities and into the suburbs. For some, nearby housing communities are not far enough away from the hustle and bustle of city life. Those individuals are choosing to build homes on rural properties located in the country. If you are one of those independent, countryside loving people, here are some helpful hints about what you can expect when you build a rural home.
Unless your property is perfectly flat, slopes must be leveled, and dips should be filled in. Your contractor will hire a bulldozer or earthmover that will flatten the ground before home construction can begin. Depending on how much soil is displaced, a dump truck may be needed to haul the big rocks and extra dirt away.
If your acreage has trees, brush, and other types of vegetation growing on it, some of the trees may need to be removed or cleaned up before preparing the ground for building. Call in a tree services Green Cove Springs FL, to grind the stumps and eliminate hazardous branches.
Proper drainage is essential for country homes. Water levels naturally rise and fall during the year, and when the water tables are high, the liquid could seep into your house. Your contractor will establish a sufficient drainage area around your home and your septic tank – if you have one.
Country utilities may not automatically be provided to your building site. In fact, many companies request homeowners pay to have pipes, lines, and fibers laid to the edge of the lot. Water in rural areas often comes from wells dug near the house, and internet choices may be limited.
When choosing to build a country home, there are many new and exciting rural experiences you will encounter. Hopefully, the majority of those new events will be positive!
Does your home look a little out of date when compared to the rest of the neighborhood? It’s always a great idea to make some curb appeal-boosting improvements to your home. Here are three upgrades that will transform your home into a modern masterpiece!
1. Spruce up Your Landscaping
If you want to instantly boost your home’s curb appeal, head outside and spend some time sprucing up your landscaping. Start by taking steps to make your lawn look lush and green. This includes mowing and trimming it regularly and feeding your grass with the right eco-friendly fertilizer. It’s also important to trim back unruly bushes and trees from your home. A professional tree pruning service Youngsville will take care of this difficult job, which will give your home a neat and tidy appearance.
2. Install Outdoor Lighting
Add some drama to the exterior of your home by installing outdoor lighting. Be strategic about your choices and try to highlight your property’s best architectural and landscape features. Use spotlights to bathe your exterior walls in light and use wall-mounted or recessed lighting around exterior doors to light the way for guests at night and give your home a cozy appearance.
3. Upgrade Your Front Door
Make your home look more welcoming by giving your front door an update. If your door is damaged or very outdated, replace it with a steel door in a color and finish that matches the dominant colors of your home’s exterior. If your door is in good shape, but looks a little tired, a fresh coat of paint or stain can make all the difference. Install new hardware, including knobs, locks and hinges to complete the transformation.
Give your home a modern update by completing these home improvement projects. By following these tips, you’ll create lasting curb appeal for your home that will truly impress!
Want to enjoy the thrill and relaxation of a great vacation, but don’t want to leave the house? It’s a great idea to make some home upgrades to help you feel like you’re on vacation every day. Here are three great ways to turn your home into the best staycation destination.
1. Install a Pool
If you’re looking to have more fun in the sun from the comfort of your own backyard, you can’t go wrong by building your own inground pool. Since this is a big project, it’s best to consult the professionals for design assistance. You’ll want to be sure to add several interesting features to your pool like a tanning shelf, infinity edge and a waterfall. Your new pool will be your family’s go-to location for outdoor fun!
2. Build a Putting Green
Bring the thrill of the golf course to your own backyard by installing your own putting green. You’ll want to put your new putting practice space in a spacious area so that you have plenty of options for sinking a put. With putting greens, it’s all about having a smooth and even surface. To make sure your new putting green is up to par, professional synthetic grass installation Thousand Oaks will give your new practice space the proper surface and appearance it requires.
3. Add a Fire Pit
Fire pits are great outdoor gathering spaces for family and friends. Install a simple fire pit in your own backyard using concrete pavers. Make the space comfortable by adding plenty of durable yet comfortable outdoor furniture to accommodate your family and all of your guests. Everyone will be sure to enjoy cozy evening gatherings around the crackling fire.
By making these upgrades, you’ll feel like you’re on vacation without ever leaving your home. The best part is, you never have to leave!