Jimmy Knows Loans

"What if I can't keep up with the rising costs of homeownership?"

It's a REAL concern, but here's how to stay ahead.

To manage rising costs, ALWAYS start by choosing a fixed rate mortgage. Your payments will stay predictable even if rates go up.

Then, each year, set aside about 1% of your homes value for maintenance. If you buy a $350K home, that's $3,500 in savings for repairs and upkeep.

These are super small steps that can keep your home affordable, even if other costs rise.

3 Home Improvement Mistakes You Must Avoid ❌❌❌

Every home improvement you make doesn't instantly add value to your home. Some can actually do more harm than good.

Before you convert your kitchen to a tiki bar (if you do I'll be right over for the party)...just hear me out.

Mistake #1 - Doing it all yourself.

The guy or gal on YouTube may have taught you everything you know, but if you're not truly experienced, do yourself a favor and hire a professional.

Mistake #2 - Following the latest trends.

The farmhouse look might be trendy today but once the hype dies down, you'll be left scratching your head or might have a difficult time selling when you're ready to move. Be cautious about the different trends out there and when in doubt, consult with an expert.

Mistake #3 - Not EVERY home improvement increases value. You won't get a $ for $ return on most improvements you make. In most cases, you'll only get a 60-80% of the cost back when doing renos.

THE BEST APPROACH is to make improvements you and your family NEED in order to make your life more convenient and comfortable.

✌️& 💜