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Purchasing a second home can be a big step. Whether seeking a cabin in the woods, a getaway beach home or modern condo in the city, buying another property is a big decision. Here's how to know if now is the time to buy.
Assessment of personal finances is critical in determining whether to purchase a second home. Beyond the cost of a second mortgage are other financial issues such as what interest is charged on a second mortgage. It may also depend if the home will be rented out as lenders consider rental properties a higher risk than those listed as primary residences. Other factors may include:
Insurance
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According to the US Department of Energy (DOE), heat gained by solar energy can be reduced by as much as thirty-three percent when homeowners simply hang medium-colored drapes backed with white plastic. The next time you think about new window treatments, consider the fact that you could actually be paying for them with the money you'll save.
Here are some money saving window treatments for your consideration:
Shades
When properly installed, window shades are the most effective, and simplest, treatment to save energy. A tight seal, which minimizes both heat gain and loss, is created when shades are mounted as close to the glass as possible. Shades with dual-sided two-toned fabric...
