Despite being strapped with student loan debt, millennials are surpassing older generations when it comes to money management habits like saving and budgeting, a recent Bank of America survey shows.According to the Better Money Habits Millennial Report published earlier this year, 63 percent of millennials (ages 23 to 37) are saving. Fifty-seven percent say they have a savings goal, as compared to the 42 percent of Gen Xers and 42 percent of
Artificial grass, which comes in multiple textures, finishes, and colors, can give homeowners a low-maintenance alternative to natural lawns. But it has pros and cons.Artificial grass doesn’t need watering and remains green all year, which is a big selling point for homeowners. It works well in most climates, particularly dry climates, but it’s not totally maintenance-free. For example, you’ll need to rinse an artificial lawn to clear it o
Storm readiness is an essential part of homeownership. Summer storms and floods can damage property and endanger lives. Here are a few tips from the Outdoor Power Equipment Institute (OPEI), an international trade association representing small engine, utility vehicle (UTV), and outdoor power equipment manufacturers and suppliers, to help them be as prepared as possible before a damaging storm, flood, or hurricane. The necessary equipment. Owne
The cost to maintain a home is something financial experts recommend budgeting for early on, in preparation for choosing which house to buy. On average, homeowners spend 1 percent of their overall home cost in maintenance every year, according to a new study by Porch.com.The upkeep costs can vary based on style, age, type, and even location of the home. The average cost to maintaining a home each year is about $16,000, according to Porch.com’
Bathroom makeovers can help enhance a property, but homeowners should be careful not to be too trendy or it may have the opposite effect. HouseLogic detailed several recent bathroom trends that homeowners might want to reconsider, including:Tiny tilesMosaics of tiny colored tiles may be on-trend and offer a retro vibe to your bathroom, but they’ve also earned a reputation as being a pain to keep clean. Tiny tiles mean more grout to clean and m
A new home will often come with a warranty from the builder, but that doesn’t mean the builder is on the hook for anything that breaks. Warranties differ from builder to builder, but they typically cover only specific features such as: Concrete foundations and floors Clapboard and shingles Carpeting Thermal and moisture cover Waterproofing Insulation Roofing and siding Doors and windows Garage doors Plumbing Electrical Heating and cooling Septi
When it comes to renovations, homeowners express some of their highest satisfaction with outdoor projects such as a new wood deck, water feature, statement landscape, or a new patio. These home improvement projects had “Joy Scores” of 9.7 or more out of 10, according to the 2018 Remodeling Impact Report released jointly by the National Association of REALTORS® and National Association of Landscape Professionals. Personal finance site Magnify
A pool can be a selling point for a home, but proper care is key. Some homeowners could be going about their pool maintenance all wrong, which could result in costly leaks or even skin irritations to those who jump in. An article at realtor.com® recently highlighted some common slip-ups, including:Using the wrong chemicalsMixing the wrong chemical balance can cause eye and skin irritation and deteriorate the materials in the pool, which can lea
One of the fastest growing cybercrimes in the U.S. is wire fraud in real estate. About 9,600 people were victims of wire fraud in the real estate and rental sector in 2017, with losses of more than $56 million, according to FBI data.The highest reported fraud in real estate last year was Business Email Compromise/Email Account Compromise. Fraudsters will assume the identity of the title or real estate agent and forge the person’s email and othe
Several vintage and retro elements from the 1960s or even 1930s are oozing back into kitchen design. Realtor.com®’s Jamie Wiebe recently highlighted a few of these comeback trends, including:Decorative flooring: Vintage black-and-white and patterned tiling are making big statements in kitchens once again. Hardwood flooring may be the norm in new-home builds, but more renovators are opting for decorative flooring styles that were once common i
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