In his annual letter to shareholders, billionaire and Berkshire Hathaway CEO Warren Buffett talks about how two small non-stock investments in real estate from years ago were keys to teaching him about investing. Buffett says in the letter that in 1986, he purchased a $280,000 400-acre farm about 50 miles north of Omaha, Neb. From 1973 to 1981, the Midwest saw an explosion in farm prices, but then the bubble burst and prices declined up to 50 percent or more. That's when Buffett decided to buy. Read more.
Moving across the country can seem like a huge job – one that you might feel like you’re not really up for. While hiring a moving company to do the work for you can seem like the best option, the truth is that it may not be worth the thousands of dollars a single move is going to cost you.
A cross-country move can also have you wondering what to expect on the other side, especially if you’re moving to a place you haven’t spent a considerable amount of time.
If you’re planning a big move in the near future, make sure you take these cross-country moving tips into account before you even start packing.
Know What Your Dollar Is Worth
Moving across the country to a place you’re not familiar with can leave you wondering about the housing market. Even if you’ve done some preliminary searches on the internet or even a bit of in-person investigation, knowing what housing is actually going to cost you when it’s time to rent or buy isn’t always easy.
However, it is essential that you do something before you plan that move to make sure you’ll be able to afford the city you’re living in. Moving to a new city for a great job isn’t ideal if you’re moving for a pay increase that won’t be enough to actually allow you to live comfortably in the city.
In general, big cities on the West coast like Los Angeles and San Francisco are going to be the most expensive, just like big cities on the East Coast – New York and areas like Miami, Florida – are among the most expensive.
Before making your move,...
Great Infographic extolling benefits of hiring a real estate agent. Courtesy of Courtesy of: Park City Real Estate - JensenandCompany.com.
By Kurt Jacobson
Making the decision to purchase a new home can be rather overwhelming, especially if it is your first home or you are moving interstate. There is an awful lot to think about, particularly when it comes to thinking about financing, selling your existing home, finding an area to move to, and of course looking for potential new homes! It can be easy to get wrapped up in the financing details, and forget that you are actually looking for a new home to spend the next chapter of your life in and share with your loved ones. Keeping sight of this fact, and choosing the best home to suit your needs, is the key to homeowner happiness.
You will undoubtedly view many houses before finding one that is suitable. And indeed, this is recommended. Viewing numerous houses helps you to realize what you like, what you don’t like, what your price range will let you purchase, and which areas you are most drawn to. However, when you look at lots of houses in a short space of time, it is easy to lose track of what you are looking for. As you only have a short amount of time to view each property, it is important to take as much information in as you can from each home. So, what are the important details when you are viewing a potential home? Well, here are some of them.
First of all, there are several things you should bring with you to the open house. You will need a tape measure, a camera, and a notebook. Write down as much as you can while you are in the house, as it is easy to become confused when you are viewing multiple houses. By taking notes, you can remember which house had the spacious living room, which had modern kitchens, and which was bathed in afternoon sunlight. Don’t be afraid to take photos either, but make sure you check...