The Perks of Buying over Renting

  The Perks of Buying over Renting Thinking about buying a home? While today’s  mortgage rates  might seem a bit intimidating, here are two solid reasons why, if you’re ready and able, it could still be a smart move to get  your own place . 1. Home Values Typically Go Up Over Time There’s been some confusion over the past year or so about which way  home prices  are headed. Make no mistake, nationally they’re still going up. In fact, over the long-term,  home prices  almost always go up ( see graph below ): Using  data  from the  Federal Reserve  (the Fed), you can see the overall trend is home prices have climbed steadily for the past 60 years. There was an exception during the 2008 housing crash when prices didn't follow the normal pattern, but generally, home values kept rising. This is a big reason why  buying a home  can be better than  renting . As prices go up and you pay down your mortgage, you build  equity . Over time, this growing equity can really increase your net wort

The 10 Most Forgotten Items in a Move


With more than 43 million Americans planning to move this year, odds are even the most organized may not remember every detail of a move -- or every item. Remembering the "out of sight, out of mind" objects increases your success in moving all of your belongings. Mayflower suggests adding the following 10 points to the top of your preparation list:

1. For the record -- Obtain copies of your and your family's medical records, including any dental and vaccine/immunization information, as well as any veterinary records for the family pet. In some cases, a notarized letter is required to receive official documentation; you may need to contact the American Medical Records Association to determine your new state's needs. You might also consider transferring current prescriptions to a drugstore in your new town. Another record you'll want to be sure to have in hand is your child's permanent school record. School records are usually required when registering your child at his/her new school. Often, copies are not sufficient and require a raised seal.

2. Buried treasure -- If you've hidden any valuables around the house, be sure to collect them before leaving. You should carry valuable items such as jewelry with you or keep them in a safe deposit box instead of packing them on the moving van.

3. Old phone numbers -- Pack phone books from your existing residence to take with you. You may think you'll remember the numbers you frequently call now, but more likely you'll spend a small fortune on directory assistance charges to contact old friends or tie up loose ends.

4. Taken to the cleaners -- Remember to collect all items that are being cleaned, stored or repaired (for example, dry cleaning, shoes, watches, etc.). Also, remember to return library books, movie rentals and anything else you may have checked out.

5. What's your new address? -- Keep your new address handy in your wallet or purse. In the flurry of preparing for a move, you may forget your new address -- important information when forwarding periodicals, mail and credit card bills, as well as keeping in touch with old friends.

6. Spic and span -- Remember to leave out cleaning supplies for the final once-over before closing the door for good, or make arrangements in advance for a service to clean for you. To reduce the amount of things you take with you, if you are cleaning the home yourself, use up previously purchased cleaning products, and then throw away the empty containers when you leave.

7. The opener -- Many people often forget to take the electric garage door opener out of their automobile before leaving. Remember to leave the opener for the new residents.

8. Remember "Rover" -- In most cases, moving companies cannot transport animals or plants. Plan ahead and make arrangements for their safe transfer.

9. Bank on it -- It's wise to open a checking account in your new town about a month prior to your move so that you have immediate access to your funds. It enables you to have a little cash on hand for unexpected expenses. On occasion, retailers will decline to cash out-of-town checks.

10. Keys to success -- Remember the collection of spare house keys. Whether it means retrieving keys from neighbors or from under the rock next to the front door, don't forget to gather all sets before you depart.

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