Mike Tom Realty

Tag: Home Repair

Posted on 08/28/2022
Sweat Equity: What It Is & How to Calculate It
Sweat equity is a term used in real estate and in the business world. For real estate, sweat equity refers to the amount of effort a homeowner or investor puts into improving a property. For those interested in flipping homes, this concept is crucial to determining the home's value. Here is some more info about sweat equity to...
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Posted on 09/27/2020
Should I Buy a Home With an HOA ?
Photo by Bryan Clayton via Pixabay If you buy a townhouse or condo, you’ll find that you’re more than likely a member of a Homeowners Association, or HOA. What that means, in a nutshell, is that you, along with everyone else in your community, own the exterior of the buildings and the common areas. If your roof fails,...
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Posted on 04/12/2020
Transform Your Home With a 203k Loan
Photo by James DeMers via Pixabay If you're hoping to make some major changes to your home, you're likely interested in the types (and terms) of financing available to you. The 203k loan was designed to give homeowners an attractive interest rate, so they'd be more likely to upgrade and modernize their homes. However, it's not available to...
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