Should You Buy a Multi-Family Home?

by Mary Shea Wilson on December 31, 2014

If you are thinking about owning a piece of property to live in while wanting to have an extra section to help pay the bills, then you will find that there is an effective way to do it. Today, many people are considering the idea of buying a multi-family home, because this allows you to have your own space for you and your family while getting extra income from renting the other apartments. Keep in mind that as advantageous as this is, there are a few points that you have to consider.

The first thing to keep in mind is becoming a landlord will require some extra work. When repairs are needed, or a tenant does not pay the rent it can cause some unwanted worries. This being said it can also be a great way to start off allowing you to live, in some cases, rent free while getting monthly income to help pay down your mortgage.

Another point to remember is that when it comes to renting, is choosing the right tenants, you have to remember that you are in fact running a business, as you will be collecting an income from the home you are renting. Take the time to choose the right tenant, a credit check, otherwise you might find yourself in a situation where you will be losing money if your tenant does not pay up at the end of the month. If you are willing to put in the work, purchasing a multi-family home can be a great way to invest.

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Cut Costs Composting

by Mary Shea Wilson on December 24, 2014

Composting is becoming a more and more popular way to save money and be more eco-friendly. There are many reasons to compost but some of the most enticing are it costs next to nothing, and if you’re a gardener or have any landscaping at all, your compost pile will save you money. Compost can be used instead of expensive fertilizer and because you are reusing your yard waste you might be able to save on municipal trash removal costs.

Here are some easy tips on how to get started composting:

Storage

You may decide to go with either an open or closed storage system. Containers keep the compost materials neat and tidy and can be built inexpensively from discarded shipping pallets, fencing or chicken wire or leftover treated lumber from another building project. You can also purchase many different types of composting bins.

The least expensive way is to start a compost heap. Make the pile at least 6′ x 6′ and about 5′ to 6′ high in the middle. Anything smaller will maintain low temperatures and will take longer to decompose.

Where should I store it?

Try and store your compost pile in partial shade. This will keep it from drying out too fast. The location should also have good drainage.

What should I compost?

Compost any of the yard waste like fresh grass clippings, dry leaves, dry grass, and wood shavings.

Add food waste like vegetable and fruit scraps, breads, pastas, coffee grounds, egg shells, and tea bags. Do not put meats or fats in your compost pile. These food wastes will attract animals and rodents to your bin.

Paper towels, toilet paper tubes and other shredded paper products can also be added to your compost bin.

Manures from cows, horses, chickens and any non-meat eating animals are excellent nitrogen sources for starting the decomposition process.

Compost has so many benefits; it loosens clay soils and helps sandy soils retain water. It works as a natural fertilizers and can suppress plant diseases and pests. Gardens that are composted produce higher yields of healthier fruits, vegetables and flowers.

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Credit Card Dos

12.17.2014

Credit cards can be a great source of safety and  convenience but they can also be trouble. Buy now and pay later can have serious consequences and lead to financial trouble. So in order to stay financially fit it is important to use your credit cards wisely. Here are a few tips to help you […]

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How to Ruin Your Chances of Selling Your Home

12.10.2014

Why isn’t your house selling? It may not be the market, instead it could be what you are or are not doing. Believe it or not you can ruin your chances of selling your home. So, how can you capture the attention of potential buyers? Read on to find out if you are making any […]

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How to Make a Room Look Bigger

12.03.2014

If you are selling your home or just looking to redecorate, one thing you may want to do is make the rooms look bigger. Here are some tips on how to make the rooms in your home appear larger: Use an oversize mirror to enhance the effect of light. Mirrors reflect both natural and artificial […]

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A Brief Guide to Hardwood Flooring

11.26.2014

Whether it be simply the preference of the homeowner, or an attempt at increasing home value, hardwood flooring is increasing in popularity.  Hardwood floors can add a touch of class to a smaller home, and make larger homes really show off their square footage in a way that carpeting cannot compete with. If you are […]

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A Facelift for Your Kitchen Cabinets

11.19.2014

Kitchens sell houses. So having a great looking kitchen is important if you are thinking of putting your home on the market or maybe you just need a fresh new look. Cabinets are one of the biggest expenses in a kitchen remodel but with a little elbow grease and creativity, you can update your kitchen […]

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Rental – 6 Delanson Circle Wellesley, MA 02482 now has a new price of $3,900!

11.12.2014

Clean and Ready for Immediate Occupancy!! Space, Convenience and Privacy! This centrally located home sits amidst a circle of homes just off popular Linden Street and close to Wellesley Commuter Rail to Boston. Flexible space includes 4 bedrooms and 4.5 baths, eat-in kitchen, living room, dining room, office, sunroom and lots of bonus space.WILL ENTERTAIN […]

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