Tag Archives: homes
The Attraction Of Fha Repo Homes
The Federal Housing Administration manages homes which owners were unable to pay for in terms of monthly mortgage payments. FHA repo homes are properties which have been reclaimed by the financial institution that lent money to the previous owner. Also called foreclosed homes, these properties are usually resold at much lower prices, making them a great opportunity and investment.
The Perks
There are a lot of advantages to purchasing FHA repo homes. First and foremost, these properties are at their most affordable prices, especially since the economic crisis is already slowly easing away. Foreclosed properties offer the best prices for investors and interested homeowners alike, since they are usually priced at ridiculously low values, from 30 to even 50 percent of their market value.
However, you would have to deal with the process of renovating and repairing the house. Since the previous homeowners are delinquent in paying for their monthly mortgage, you cannot expect FHA repo homes to bespicand span, and gleaming with white paint. These houses are usually dilapidated, and may even be stinky due to lack of maintenance and upkeep. You would have to take responsibility in purchasing the home and returning it back to its original almost-new state. The investment would be worth it, of course, especially if you get a property in a prime location.
Where to Look
There are a lot of ways to look for FHA repo homes. However, the easiest route is through the World Wide Web. The Internet offers a wide range of foreclosed properties in different areas, and you can easily come up with a shortlist even when you are simply sitting in front of your computer by subscribing to online foreclosure listings.
Details which you can view on the Internet include the total area of the house, its location, some photos of the property, and other important details. You can also communicate with the sellers through email or by calling the phone number they posted together with the sale notice. With a long list of available FHA repo homes, you are sure to find the home that will give you the best return.
A Look At The Mystique Of Motor Homes
Recreational vehicles have managed over the years to evolve a certain mystique of their own. Yes, they may have started off with purely practical purposes in mind but now they offer the promise of a life of freedom and without the burden of mortgages and rat races.
These days, they are more popular than ever and there are a few reasons why. Firstly, they offer a greater degree of flexibility when it comes to going on holiday. Everyone likes the freedom of being able to pack whatever they want into their recreational vehicles and go wherever the road might lead them.
Is this a new trend? It would appear so. According to the Recreational Vehicles Industry Association, the baby-boomer market has latched on to the freedom offered by these vehicles like no other market before.
Statistics show that there are approximately 11,000 people turning 50 every day in the states. That’s a huge market and they are the people who want to buy recreational vehicles.
No doubt one of the reasons for the popularity of this market is that it brings them back to their Hippie days of freedom when the Volkswagen was a hugely popular way of going to concerts or simply hanging out at the beach.
Many of these baby boomers claim that this is also a great way to enjoy a modern family holiday as the confined living space actually brings family closer together.
But there is another more practical reason. These baby boomers have worked hard to enjoy their lives. They have put their savings away and want to spend the money wisely. They want to be able to enjoy holidays when they want and they want to be able to go where they please. No other holiday option offers that unique mix of practicality and freedom.
Plus there are now more than 16,000 campsites in the USA alone, not to mention the hundreds of thousands of campsites across France, Germany, Spain and Italy.
And the parents have passed their free-living dreams on to their kids too. Go to any large European city like Berlin or Barcelona and expect to see hundreds of converted vans parked up or passing through.
There are plenty of beach towns throughout the world where campervan living is seen as the only way to live. Some of those places include Byron Bay in Australia, Tarifa in Spain, the south of Portugal, north of Morocco as well as coastal towns in the States.
Typically these young people in their twenties and thirties have opted for a totally different type of lifestyle. They have taken the Hippie ideals of their parents to heart by opting out of the rat race and choosing to live by their own rules.
They work when they can, where they can, do all sorts of jobs and they live on the absolute minimum of money and lots of fresh air. It’s not a life that everyone can stomach but those who can love it.
It was the boom in the recreational vehicles industry the spawned this new lifestyle, but this way of life looks set to bring it to a whole new level.