What Is a Duplex? Potentially, 2 Homes for the Price of 1

What is a duplex? It's two homes joined together on the same lot. But there are a few crucial items to know before buying a duplex. The post What Is a Duplex? Potentially, 2 Homes for the Price of 1 appeared first on Real Estate News & Insights | realtor.com®.
http://dlvr.it/SdnfC1

Comments

Post a Comment

Popular posts from this blog

If You Think the Housing Market Will Slow This Winter, Think Again.

Image
  If You Think the Housing Market Will Slow This Winter, Think Again.   Housing Market : From the opportunity to take advantage of today’s low  mortgage rates  to changing  homeowner needs , Americans have more  motivation  than ever to buy a home. According to the experts, buyers are making moves right now, creating an unseasonably strong housing market for this time of year. As we wrap up the fall season and move into the winter months, here’s a look at what several industry leaders have to say about the continued momentum in the current market, and what it means as we head into the early part of next year. Lawrence Yun, Chief Economist,  National Association of Realtors  (NAR) “This solid buying is a testament to  demand still being relatively high , as it is occurring during a time when inventory is still markedly low. The notable gain in October assures that total existing-home sales in 2021 will exceed 6 million, which will shape u...
Read more

Is This the Year You’ll Add a Home Gym?

Image
  Is This the Year You’ll Add a Home Gym? Is This the Year You’ll Add a Home Gym? Winter and early spring are typically great times for construction projects around the house. Not only do  materials  tend to be a bit cheaper due to reduced overall demand, but some labor costs may be reduced as well. Because of this, some homeowners tend to start looking for add-on projects or major remodels to undertake so that they can take advantage of lower prices and faster project starts. In recent years, one popular home project is adding a home gym, often converting a largely unused basement or garage space into an area for a wide range of  workouts . It’s possible that you’ve considered adding a home gym yourself, either as a room conversion or in an exterior building or add-on. Let’s look at this project a little more closely to determine whether this is the year you should let those home gym dreams come true. Home Gym Basics When you think of a home gym, you might think of ...
Read more

Sellers Have Incredible Leverage in Today’s Market

Image
  Sellers Have Incredible Leverage in Today’s Market Today’s buyers are motivated to purchase a home this year, and that’s great news if you’re thinking of selling. Great news for sellers, with  mortgage rates  climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the  National Association of Realtors  (NAR), puts it best,  saying : “Housing demand remains strong as buyers likely want to secure a home before  mortgage rates increase even further next year .” But the sense of urgency they feel is complicated by the  lack of homes  for sale in today’s market. According to the latest  Existing Home Sales Report  from NAR: “From one year ago, the inventory of  unsold homes decreased 13%. . . .” What Does This Mean for Sellers Today? With buyers eager to purchase but so few homes available, sellers who list their h...
Read more