How to Move with Pets: 7 Tips to Make it Easy

• Start packing early
• Find pet-friendly accommodations if needed
• Set up a designated moving day space
• Get the right gear
• Make a travel plan with your current vet
• Update your pet’s microchip
• Schedule a check-up with your new vet

1. Start packing early

Pets aren’t always a fan of change. To ease the transition, it’s important to pack early and gradually. This way, your pet has time to process that something new is happening and adjust accordingly. After all, imagine if you woke up one day and all your belongings were suddenly gone with no explanation. You’d be stressed, too.

2. Find pet-friendly accommodations if needed

Depending on how far you’re moving, you may not need this step. But, if your move involves multiple days of travel or a gap between moving out and moving in, wherever you stay in the interim needs to be equipped for your pet. Beyond simply identifying as a pet-friendly hotel or house, consider all the same factors that went into choosing your new home (outdoor access, windows, etc.) when choosing temporary accommodations. You can afford to be a little less selective here since it’s not for the long term. Still, the more comfortable the move is for your pet, the sooner they’ll settle in and feel at home in the new place.

3. Set up a designated moving day space

For the sake of both your movers and your pets, a designated pet space for moving day is a must. Backyards, friends’ houses, and large crates are all options for your canine kids. Cats can be a little trickier. If they have a favorite hiding spot and it’s in a place that can be closed off from the rest of the home, consider making that their designated area. This can help minimize stress since it’s a place where you know they feel safe. Wherever you set up base, make sure your cat has food, water, and a litter box. And, of course, communicate to your movers which areas are off-limits.

Pro Tip: If you have turtles or other pets that live in their own enclosed environment, keep that enclosure out of the way and clearly marked as NOT an item for your movers to pack up.

4. Get the right gear

Unless you’re moving right across town, you’re going to need more than just a carrier to transport your pet. Your needs will vary according to your pet, but here are some common items to consider:

• Leash with harness that can be hooked to a seatbelt
• Packable food and water bowls
• Disposable litter box
• Collars with current ID tags in case your pet gets out
• Crate with puppy pads

Whatever gear you get, don’t forget to try it out with your pet leading up to the move. The more acclimated they are to their new carrier or harness, the less stressed they’ll be on moving day.

5. Make a travel plan with your current vet

Leading up to the move, consult with your vet to create a travel plan for your animal. Especially if your pet gets carsick or has anxiety, you’ll want to discuss the possibility of sedatives, anti-nausea medicines, or anxiety medicines for the trip.

Does your dog spit out pills without fail? Then a liquid dose might be better. Is your cat hopeless in the car? Then your best bet may be a sedative (in the correct dose) to help them sleep through the drive. These are the details your vet can help you nail down in the safest manner possible.

6. Update your pet’s microchip

We recommend taking care of this as soon as you’re moved out of your old place. That way, if the worst-case scenario happens and your pet gets away from you during the move, any animal shelter that takes them in can find you. This is also just one of those small but important details that tend to get forgotten during the flurry of moving, like updating your billing address or forwarding your mail. The sooner you check it off your list, the sooner you can get back to the bigger issues like unpacking.

Not sure if your pet is microchipped? If you adopted them from a shelter, microchips are typically included along with spaying/neutering. Your vet can also help you check for a microchip. Just keep in mind that microchips can’t track your pet. Their function is to store your contact information so that if your pet ends up at a shelter, the shelter staff can notify you. The average person can’t access information on the microchip, so it’s important to keep your pet’s collar tags up to date, too. If you want to track your pet, there are also plenty of GPS tracking tags available that can be added to their collar. 

7. Schedule a check-up with your new vet

Moving with pets usually entails finding a new vet. Many vet clinics have a weeks-long waitlist for new patients, so don’t put off setting up an appointment until your pet needs one. Schedule a check-up as soon as you can. This is also a good opportunity to address any of your pet’s issues that may have arisen due to the stress of travel, such as gastrointestinal problems, anxiety, or aggression.

Any other tips for how to move with pets?

When it comes to how to move with pets, there’s no single right way to go about it. The best advice we can give you is to adjust to your pet’s unique needs. And don’t forget that their biggest insecurity about moving is likely about you leaving them behind. So, make sure you give your pet some extra head scratches, belly rubs, and treats to let them know you’re not going anywhere. At least, not without them.

The more comfortable you can make your pet during your move, the sooner you can all start to feel at home in your new place.

The post How to Move with Pets: 7 Tips to Make It Easy appeared first on Cardinal Financial.

Top 10 Fall Decorating Ideas 2024

• Jewel tones
• Copper metallics
• Warm neutrals
• Textured touches
• Dried floral arrangements
• Fairy lights
• Front porch displays
• Personalized pumpkins
• Foraged accents
• Rustic elements

Jewel Tones

When we think of fall decor, shades of red, yellow, and orange tend to dominate. You don’t have to limit your palette if you don’t want to, though. Jewel tones of any color—particularly purples and blues—can balance those warmer shades and add a touch of elegance to your fall vibe.

Copper Metallics

Silver and gold are classic holiday metallics, but don’t overlook copper when it comes to your fall decor inspo. Vases, candle holders, and even copper garlands are great ways to add some shine to your 2024 fall decor. Your table settings are another easy way to incorporate this 2024 fall decorating idea. Start with copper napkin rings and serving dishes, and see where it takes you.

Warm Neutrals

You can never go wrong with neutrals. This fall, try infusing some extra warmth into your space with tans, off-whites, and chocolatey browns to balance out your more colorful accents. Neutral throw blankets, pillows, and table runners are easy ways to create a calming, inviting atmosphere in your home.

Pro Tip: If you’re putting your home on the market during the holidays, keeping your seasonal decor neutral is key. Potential buyers should be able to easily see themselves in the space.

Textured Touches

Texture isn’t just about a physical feeling—it also adds visual dimension to your decor. We often associate furs, velvet, and satin with the winter holidays. So, which textures will help your home reflect the harvest season? When in doubt, take a rustic approach. Woven textiles, natural wood, and leather are a great place to start. And of course, don’t forget the cozy flannels.

Dried Floral Arrangements

If there’s one downside to fall, it’s that most fresh flowers are not in season. But that doesn’t mean your home has to be devoid of blooms. Dried floral arrangements not only add a rustic, seasonal touch to your decor, but they also have one important advantage over fresh flowers: There’s no maintenance required.

Fairy Lights

There was a time when we associated fairy/string lights with freshman dorm room decor, but in 2024, they’re making a major comeback in our (sort of) grownup homes. Whether you’re stringing them in a canopy over your porch, using them to fill mason jars, or adding a glowing touch to your Thanksgiving centerpiece, neutral string lights have endless applications. Plus, you can reuse them for your winter holiday decor.

Front Porch Displays

Whether you’re hosting for the fall holidays or just want to warm up your neighborhood, your front porch is a great place to flex your fall decorating ideas. Decorative hay bales, seasonal produce, and a festive fall wreath on your front door can create a cozy, welcoming feel to your home from the outside in. You can even give your front door a fresh paint job in a seasonal color of your choice.

Personalized Pumpkins

Halloween might have the rights to classic pumpkin carving, but this iconic autumn vegetable (or fruit, if you want to get technical) has plenty of post-October potential. The possibilities are endless, but here are a few ideas to get your gourd going:

• Apply decals of your house number to a large pumpkin and display it on your porch
• Fill vases and bowls with miniature pumpkins or place them along your table runner
• Get the kids involved with handprint turkeys, using a pumpkin as a canvas
• Use your favorite fall leaves to create stamps that can be applied to pumpkins
• Stack your pumpkins for a festive fall topiary display

Foraged Accents

It’s easy to get wrapped up in all the purchases the holiday season entails, but you can actually find plenty of fall accents outside for no cost at all. This is also a great outdoor activity to enjoy with your children. On your next walk or hike, keep a lookout for colorful leaves, pinecones, acorns, non-toxic berries, and even fallen branches that can be incorporated into your home decor. 

Rustic Elements

Rustic elements can make any space feel warm and cozy, which is exactly what you want for your fall decorating in 2024. Even if farmhouse chic isn’t your style, there are plenty of subtle ways to incorporate rustic elements into your home. Try burlap bows around your vases or candles, simple wood branches in your botanical arrangements, and classic patterns like plaid and gingham throughout your space.

Bonus Fall Decorating Ideas for 2024

One of the biggest perks of owning your own home is that you can decorate it however you want. So, don’t feel limited by traditional seasonal decor themes. If you’re looking for some alternative fall decorating ideas for 2024, here are a few concepts to get you started. Have fun!

• Barbiecore Fall: Go all out with pinks, purples, and sparkles. Paint your pumpkins in bright colors, or glam them up with rhinestone adhesives. You can even turn your pumpkin into a fall disco ball with mirror tiles, or mix in mini disco balls with your mini pumpkin vase fillers.
• Gothic Fall: If you wish Halloween lasted longer, this one’s for you. A classic black-and-white theme can be incorporated in endless ways, from black-and-white plaid throws to black serveware placed on a white table runner. And of course, you’ll need lots of candles.
• Beach House Fall: Missing warmer weather? Try incorporating beachy elements in your autumn decor. From conch shells as cornucopias to sea glass in your pumpkin-filled vases, fall doesn’t have to feel far from the beach.

One of the biggest perks of owning your own home is that you can decorate it however you want. So, don’t feel limited by traditional seasonal decor themes.

The post Our Favorite Fall Decorating Ideas for 2024 and Beyond appeared first on Cardinal Financial.

1. Keep it clean

A clean home will always be more enticing to buyers than a messy one. So, when you’re selling your home, it’s important to declutter and remove any excess furniture, family photos, and other personal items so that prospective buyers can envision their own family in your house. You want your home to look as big and as new as possible. It may also be a good idea to hire a cleaning service.

2. Stay available

You never know when a buyer may want to view your home. Ideally, you’ll have enough advance notice to prepare, but being able to accommodate a last-minute viewing could go a long way toward building goodwill with the buyer. Don’t leave dishes in the sink, keep your bathrooms clean, and make sure everything is dusted and well swept.

3. Don’t delay repairs

Anything that could deter a potential buyer from making an offer should be fixed before you start showing your home. Some repairs may seem minor, but these seemingly insignificant issues can really add up in the mind of a buyer, and in some cases, they may not see your home as worth the trouble of fixing all those little things. Don’t give them a reason not to make an offer. You can also leverage these repairs in the purchase price of your home! Making repairs builds equity, so you may be able to sell for a higher price that takes into account the value of the repairs.

Pro Tip: If you really don’t want to play handyman, you may be able to negotiate with the buyer to sell your home for a lower price, provided they take responsibility for any needed repairs.

4. Maintain a comfortable temperature

Now isn’t the time to worry about your energy bills. Make sure potential buyers are comfortable when they’re touring your home. If it’s cold outside, leave the heat on. If it’s hot, some refreshing AC will put them in a good mood as soon they walk in.

5. Keep it light (literally)

Not only do poorly-lit homes feel less inviting, but from a practical standpoint, they also make it harder for buyers to see what they’ll be paying for. Make sure you’ve got all your lights on and your blinds open to show your home at its best.

6. Keep your pets out of the way

Even if your buyers have pets, they don’t have your pets. In the spirit of making the home feel like a fresh start for buyers, keep your pets out of the way during showings if possible. For outside pets, an enclosed outside area should be fine. If your pets are strictly indoors, consider closing off an area of the home for them or leaving them with someone you trust for the day. And of course, make sure pet hair and waste are cleaned up before showing your home.

7. Be realistic about your price

Hear us out: Consider underpricing your home. Why? If you underprice your home, you’ll likely receive more offers from multiple buyers with multiple bids, even in the toughest markets. When you start fielding multiple offers, it could result in bidding up the price to well over what it’s worth. Plus, with rates being what they are in the current market, if you price your home too high you may get very few offers as most potential buyers are on a tight budget.

Bonus home-selling tip

The best home-selling tip we can give you is to stay flexible. You are, after all, selling your home to people, and people’s lives can get unpredictable. They may need to reschedule showings, negotiate on the price, or finalize the purchase later (or sooner) than you feel is ideal. Remember that you may be selling your home, but the buyer is the one who’ll be living in it for years to come. It’s normal for them to obsess over the details. And when it’s your turn to buy, we’re here to help with all of those details, too.

The best home-selling tip we can give you? Stay flexible.

The post 7 Simple Home-Selling Tips for Any Market appeared first on Cardinal Financial.

5 Easy Summer Home Improvement Ideas

• Pressure-wash exteriors
• Install screens around your back porch
• Build a tree bench
• Refinish your deck
• Build a shed

1. Pressure-wash exteriors

Over time, dirt, grime, and mildew can build up on your home’s exterior, making it look dull and dingy. Pressure washing is an easy and effective way to bring back its original shine. Here’s how to get started:

• Rent or buy a pressure washer: If you don’t own a pressure washer, you can rent one from most hardware stores. Make sure to choose the right pressure setting to avoid damaging your siding.
• Choose the right detergent: Depending on your siding material (vinyl, wood, brick, etc.), use a suitable detergent. Many pressure washers come with recommendations.
• Stay safe: Wear protective gear, including goggles and gloves. Also, be mindful of the pressure washer’s force to avoid accidents. Tempted to cool down with a quick spray? Think again.
• Master the method: Start from the top and work your way down in a smooth, sweeping motion. This prevents streaks and ensures a thorough clean.

After a good wash, your home will look almost brand new, boosting its curb appeal significantly. Plus, your exteriors will dry faster thanks to the summer sun.

2. Install screens around your back porch

Porch screens are a good investment to enjoy your back porch all year round. Not only do they provide some temperature regulation, but screened porches also reduce the amount of bugs and other pests that can invade your outdoor space. Plus, if you have indoor pets, screened porches are a great way to safely give them a taste of the outdoors. As for the screen installation, it’s simpler than you might think. This guide has everything you need to know to handle this easy outdoor DIY project.

3. Build a bench

There’s nothing like relaxing in your own yard, watching the summer sunset with a cold drink in your hands. A bench strategically placed in the shade can take your relaxation to a new level. Building a bench is fairly easy, but of course, there are plenty of ready-made options out there if you’d rather not go the DIY route. You can make your bench as simple or as complicated as you want, but some basic materials you’ll need include wood (pine is a popular choice for outdoor furniture), screws, a drill, a circular saw, and a measuring tape.

Need some bench inspo? These popular styles offer options for every DIY skill level:

• Super simple wood bench
• Bench with storage
• Arbor bench

4. Refinish your deck

A well-maintained deck is perfect for summer BBQs, gatherings, or unwinding in solitude with a good beach read. If your deck is looking a bit worse for wear, refinishing it can make a world of difference. Here’s how:

• Clean thoroughly: Remove any debris and give your deck a good scrub with a deck cleaner.
• Sand the surface: Use a power sander to smooth out any rough spots and remove old finish. This will also help the new stain adhere better.
• Apply stain: Choose a stain that suits your deck’s wood type. Apply it evenly with a brush or roller, following the grain of the wood.
• Seal the deal: Once the stain is dry, apply a sealant to protect your deck from moisture and UV rays.

Pro Tip: Don’t have a deck? Here’s how to build one: How to Build a Deck.

5. Build a shed

Building a shed is a great storage solution and summer home improvement project to consider, and potential buyers down the line are sure to appreciate the addition. Here’s a simplified outline to get you started:

• Plan and permit: Check local regulations for permits. Design your shed based on your needs and space.
• Choose your foundation: Choose between a concrete slab or a gravel base. Make sure it’s level and sturdy.
• Frame the shed: Construct the walls and roof using treated lumber. Assemble them on the ground and then raise them into place.
• Install siding and roof: Use weather-resistant materials for the siding and roofing. Ensure everything is properly sealed.
• Add doors and windows: Install your doors and windows, making sure they are weatherproofed.

Pro Tip: If you’re looking for a simple shed with minimal customizations, you can also purchase pre-built sheds at most hardware stores.

Financing your summer home improvement ideas

Did you know that your mortgage can actually help you finance your summer home improvement ideas? In addition to renovation loans like FHA 203(k), Cardinal Financial offers EasyPath Renovation. This program is designed for small-scale renovations like the projects discussed above. In a nutshell, you can combine it with a renovation loan and complete your projects through a major retailer like The Home Depot, Lowe’s, and Menards. You can find the full breakdown on EasyPath here. Happy renovating!

Home improvements aren’t just a fun way to spend the extra hours of summer daylight—they can also boost your home’s value and increase curb appeal.

The post 5 Summer Home Improvement Ideas to Try This Season appeared first on Cardinal Financial.

8 weeks before you move

If you’re going the professional mover route, it’s important to book your movers as far in advance as possible before they’re full for the summer. Booking early also means you’ll have a better chance of beating the heat with a morning move time.

• Take inventory of your stuff. What are you keeping? What are you selling/donating? What needs to be thrown out? 
• Arrange moving transportation, whether that’s a friend’s pickup truck or professional movers.
• Transfer school and vet records if needed. Getting your human and fur babies to the new place is only half the battle.

Pro Tip: If you’re booking movers, they’ll ask for a detailed inventory of your belongings to provide the most accurate estimate of your moving costs. This is also how they determine what size truck they’ll be bringing to move your stuff, so don’t lowball it. In addition to your furniture, use this guide to give your movers an estimate of how many boxes you’ll have come moving day.

6 weeks before you move

Before you buy packing supplies, think strategically about how soft items (like towels and bedding) can be packed with more fragile items to minimize how many supplies you’ll need. Plus, it’s great for the environment.

• Buy packing supplies (more than you think you’ll need).
• Remember that casserole that’s been sitting in your freezer? Time to use it or lose it.
• Measure your new space to make sure your furniture will fit. No sense lugging a dresser across state lines only to find that it won’t fit through your new doors.

4 weeks before you move

• Packing time! Make your life easier by setting aside a box of items you’ll be using up until the day of the move.
• Disassemble furniture you’re not using. Your movers will likely do this anyway, but nobody cares for your furniture like you can.
• Label your boxes. Your future self will thank you when it’s time to unpack.
• Change your address and update your billing information once USPS has processed your request.

Pro Tip: Packing early isn’t just important for saving you last-minute complications. If you have pets, seeing their home packed up gradually gives them more time to adjust to the change, rather than everything they’re familiar with disappearing overnight. You can find more helpful tips for moving with pets here.

2 weeks before you move

These next two weeks will fly by. As you get closer to moving day, it’s time to tackle all those moving tasks that fall outside of the actual moving process, like car maintenance, requesting time off from work, and more.

• Submit your workplace PTO requests for moving day (or week, moving is stressful) if needed.
• Make sure your car is ready for the trip. Even if it’s just across town, it’s one less thing to worry about on moving day.
• Confirm moving day details with your mover (or friend with a truck). Where can they park? Is it a gated community that they’ll need a code to enter? What time are they arriving? What form of payment is preferred?
• Schedule utility account transfers for your move-in day (electric, internet, gas, and water are the big four).

Week of your move

It’s almost time! In the week before your move, make sure your payment for your movers is ready to go and that your billing address has been updated on all relevant accounts.

• Refill prescriptions if you have them.
• If you have pets, update the address associated with their microchips.
• Defrost your freezer if it’s moving with you.
• Get cash to tip your movers (or buy your friends a round).
• Remember that box of items you’re still using? On the day of your move, tape it up and add it to the stack for your movers to handle.

Bonus items for your summer moving checklist

Even if you’re not doing the literal heavy lifting on moving day, the summer heat is no joke. Consider adding these items to your summer moving checklist to keep things cool.

• Stock a cooler with cold beverages so you’ll have hydration on hand while transitioning between your old fridge and your new one.
• Turn off the AC but keep a fan going while movers are coming in and out to avoid wasting energy.
• If you have pets that need to be kept in a separate area while movers are in the home, make sure that space has plenty of ventilation and cool water (and shade if it’s outdoors).
• Don’t forget to celebrate. Moving is a big deal!

Since summer is peak moving season, it’s important to book your movers as far in advance as possible before they’re full.

The post Summer Moving Checklist: How to Nail Your Warm-Weather Move appeared first on Cardinal Financial.

Unconventional mortgages: Types of properties that may qualify

• Condos/barndominiums
• Tiny homes
• Container homes
• Manufactured homes
• Cooperative housing (co-ops)

Condos and barndominiums

Condo living can be a great option when you want to start building home equity without having to commit to an entire house. Barndominiums function in a similar way, but refer specifically to living spaces that have either been built in the style of a barn or have been converted from an existing barn into a residential property. Depending on the specific condo or barndominium, you might be able to secure Conventional or government-backed home financing.

Tiny homes

Tiny homes come in a variety of shapes and sizes, but usually average out at just 225 square feet. Cost-wise, things vary. Prefabricated tiny homes could cost as little as $30,000, whereas custom-built tiny homes could cost as much as $150,000 or more. Still, even that cost is more palatable to some people than the average cost of a full-blown house. 

And thanks to a wider range of financing options, it’s easier to obtain a mortgage for a tiny home that can be placed virtually anywhere.

Container homes

Another rising trend? Container homes, or the refurbication of shipping containers, remodeled and rearranged in various ways to create truly unique homes. Like tiny homes, these options can cost as little as $10,000 if people forego finer details, but price tags can balloon upwards quickly for more in-depth configurations and customizations. Still, even the larger container homes shouldn’t cost more than $200,000 to build according to UpNest, a Realtor.com company. 

Pro Tip: While one container might feel like living in a studio apartment (or the aforementioned tiny home), two or three shipping containers can be laid out to feel more like a traditional house.

Manufactured homes

Manufactured homes are similar to container homes, in that they generally consist of prefabricated pieces that are arranged onsite. They’re also sometimes referred to as modular or mobile homes, and come with a number of advantages:

• Quick to build
• Fewer location restrictions
• Less costly

That said, manufactured homes also come with some disadvantages. They’re typically harder to finance if they’re mobile, which means a mortgage lender may require the home to be permanently set in one location. 

Concerned about cost? Good news: like other unique homes, modular and manufactured homes range in price—with single-wide homes running an average of a little over $75,000 and double-wide homes tacking on another $100,000 to that figure. 

Cooperative housing (co-ops)

While it’s not common, in some cases you may actually be able to finance your co-op living with a home loan. Qualifying criteria is determined on a case-by-case basis, so unfortunately there’s no standard co-op scenario to stack the numbers against. In general, cooperative share loans are typically more involved than traditional financing, and it can be difficult to find lenders who provide this service. The good news? Cardinal Financial just so happens to be one of those lenders.

Types of unconventional mortgages

Okay, now that we’ve broken down a few different types of unique homes, let’s talk about the unconventional mortgages you can use to purchase them. 

One popular option is the MH Advantage^TM loan, which offers affordable housing alternatives to buyers nationwide so long as the unique home is built on a permanent foundation. The MH Advantage loan comes with flexible underwriting standards and reduced pricing for manufactured homes that meet specific construction, architectural design, and energy efficiency standards.

That means, if you like the idea of a modular home or a tiny home but aren’t thinking about traveling the country, you may be able to qualify for financing.

However, if—after reading through all of these unique home types—you’re thinking a conventional home may be more up your alley, consider the possibilities of building your own home with a one-time close loan. That way, if you’re struggling to find a home you want in the current market, you could create your own custom home that’s unique in its own way. With this loan option, you don’t have to pay for the land and the home separately, and you close before construction ever begins. Once the project is complete, the loan becomes a Conventional mortgage. 

Pro Tip: If a new build is out of your budget, Renovation loans are another streamlined way to customize a home, typically for less than a new build.

So, how do I get an unconventional mortgage?

Like a traditional home loan, most lenders will need standard information like your credit history, income, and tax forms to determine if you qualify for an unconventional mortgage. Luckily, you may be able to enjoy more flexibility with qualifying criteria on an unconventional mortgage since, by design, it’s a loan intended for a unique borrower situation. 

Regardless of what home type you choose to pursue, we’re here to help you find the right financing options. One of the best things you can do in your adventure toward homeownership is to obtain a rate quote and speak with a loan expert who can help you find what you’re looking for. 

Unconventional mortgages are a great way to finance container homes, tiny homes, and more unique property types while building home equity.

The post Unconventional Mortgages: How to Finance Unique Homes appeared first on Cardinal Financial.

Depending on the date of closing, the amount of property tax that a homebuyer and seller are responsible for will vary. The process of figuring out who pays how much is called tax proration, and it’s one cost that many buyers overlook when calculating their cash to close.

What is tax proration?

Tax proration is when property taxes are fairly divided between buyer and seller based on the date of ownership transfer or closing.

Simply put: Tax proration helps level the playing field. Property taxes on homes are often billed at the beginning of the calendar year for the year prior. So in 2024, you’d get a property tax bill for 2023. Let’s say you bought and closed on a home in November 2023. Should you be responsible for the property taxes owed on that home for the months before closing? Didn’t think so. Enter tax proration. 

Tax proration involves a bit of math to figure out how much of the bill each party is responsible for. Here’s where it gets more complicated: Homeowners (or the sellers) don’t typically pay their part of the property tax bill directly. Depending on the date of closing, or the particular situation, you have a couple of payment options to consider.

How to pay property taxes with tax proration

Tax proration pro-tips

Before you close on your home, keep these three tips in mind.

• Leverage: Depending on the market, the property tax bill could be used as leverage. In a seller’s market, where there are tons of competing bids, motivated buyers might offer to pay the seller’s portion of property taxes to get a leg up on the competition or expedite the sale. In a buyer’s market, the seller might offer to pay the entire property tax bill in exchange for coverage of other closing costs.
• Exemptions: Age and disability status could come with tax implications, for yourself or the sellers. Those implications affect tax responsibility. For example, perhaps the seller is a disabled senior citizen. Local laws might have provided relief for that person—relief that is unlikely to be passed on to the buyer. Communicate with your team to determine potential roadblocks.
• Projects: New builds, rehabilitation, and renovations will result in different tax assessments. New builds may not have received a tax assessment at the time of closing, and since there was no previous owner, the buyer would be responsible for an entire year’s worth of taxes. Rehab and renovation projects increase a home’s value, which could result in an increased tax bill. Make sure your assessment is up-to-date to avoid any surprises.

How to pay property taxes post-proration

After you’ve calculated and paid your initial prorated tax bill, you’re responsible for annual state and local property taxes for as long as you own the home. You may be able to deduct those property taxes (up to a certain amount) when it comes time to file your tax returns. Individually, you can deduct up to $5,000 in property taxes. Filing jointly? Double that figure and enjoy a $10,000 deduction.

Keep in mind that property taxes vary depending on where you live and other factors, so there’s no single correct way to go about it. Consult a tax professional, do your research, and don’t take shortcuts as you take on this part of homeownership. Ok, now that we got the serious part out of the way: Deep breath. You’ve got this!

This material has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before making the decision to buy or refinance a home.

The post Tax Proration: How to Pay Property Taxes Like a Pro appeared first on Cardinal Financial.

3 Key DIY Home Renovation Tips

• Decide which projects you’ll DIY, and which you’ll leave to the pros
• Budget for more than you think you’ll need
• Work on one project at a time

Decide which projects you’ll DIY

As a general rule, you’ll want to avoid DIYing projects that require permits (this will vary depending on where you live, so do your research before you start). Similarly, projects involving your electricity, plumbing, and HVAC system are better left to professionals. So, what projects can you DIY?

Demolition

As long as you take proper safety precautions, demolition is a home renovation project you can tackle yourself. Just don’t knock down that load-bearing wall, please. And if your home was built prior to 1979, make sure you test for lead paint and asbestos first.

Paint

A fresh coat of paint is a mainstay of DIY home updates. Choose your colors, cover your furniture and floors, and have fun. And if you don’t feel like taking on your whole home, simply painting your front door with a statement color can boost your curb appeal.

Fixtures and finishes

Swapping out light fixtures, switch plate covers, and cabinet hardware is a simple update that can make a big difference. All you really need to handle this one is the right screwdriver. Since fixtures and finishes are easy to swap out, this is also a good way to incorporate current home decor trends. If you don’t like the look or trends change, updating them again is a simple process.

Drywall (sometimes)

This one really comes down to how much confidence you have in your drywall abilities. Patching up a few holes is a skill every homeowner should have, but large-scale drywall projects are typically not worth the headache of doing yourself. So, if your whole home needs new drywall, call a pro. If it’s a small area, go ahead and DIY (if you want to, of course).

Budget for more than you think you’ll need

An evergreen home renovation tip? Expect the unexpected. That includes your budget, too. While you can save a lot of money by DIYing, you’ll still need to account for the costs of materials and tools in your budget—with wiggle room for any do-overs you may need. Luckily, your mortgage could actually help you finance those home projects. With a cash-out refinance, you can leverage your home equity for cash and use those funds to cover your renovation expenses.*

*Using your home equity to pay off debts or make other purchases does not eliminate the debt or the cost of the purchases, but rather increases the loan amount of your mortgage to be paid according to your new mortgage terms.

Work on one project at a time

Ready to practice mindfulness? One of the best DIY home renovation tips we can offer is to be patient. Tackle one project at a time so that if life happens and you need to pause, your whole home won’t be in disarray. Starting with just one project is also a good way to gauge if DIY is the right choice for you. Sometimes, the work just isn’t worth it and you may decide that professional renovations are a better fit going forward. No judgment here.

If you do opt out of DIY renovations, you may be able to use a renovation loan to roll your mortgage and project costs into one. This can help streamline the process, ensure your contractor is reliable, and lower your up-front renovation expenses.

Bonus DIY home renovation tips

Don’t hit the ground running with your home improvement ideas just yet. Before you go, here are a few bonus DIY home renovation tips to keep in mind.

• Stay flexible. Timelines, budgets, and visions may have to change as you go, so don’t stress if everything doesn’t go exactly to your original plan.
• Collect plenty of inspiration. Having a visual aid to guide your work usually results in a better finished product than freestyling it.
• Ask for help. DIY doesn’t have to mean actually doing everything yourself. Ask for your friends’ opinions on design options, host a house painting party, and make the most of your community resources.

Our top DIY home renovation tip? Understand which projects should actually be DIYed, and which are better left to professionals.

The post DIY Renovation Tips: What Should You Actually DIY? appeared first on Cardinal Financial.

7 Home Staging Tips to Nail Your Sale

• Depersonalize
• Declutter
• Optimize lighting
• Choose a scent
• Set the table
• Increase your curb appeal
• Complete renovations

1. Depersonalize

One of the first things you need to do to stage your home is depersonalize. Take all your family pictures off the walls and remove any type of religious, political, or personal odds and ends that make your home feel lived in. Prospective buyers should be able to picture themselves living in your house. Additionally, stick to a neutral color scheme when it comes to the decorative accents you leave out.

Pro Tip: Selling during the holidays? You don’t have to miss out on decking your halls. Try these neutral winter decor ideas.

2. Declutter

Unless you’ve already moved into your next home, you still have to live in your current one while keeping it showing-ready. A deep clean every time your real estate agent brings someone over might not be sustainable, but at the very least you should maintain a decluttered environment. Decluttering can make your home appear bigger than it is, and generally help potential buyers envision how they might use the space. Before you list your home, move extra items to a temporary storage unit (or get rid of them altogether to speed up packing).

3. Optimize lighting

Lighting influences our mood more than we realize. In terms of home staging tips, the amount of light plays a big factor in whether somebody buys a home. A well-lit home can feel larger, cleaner, and more inviting when it’s being shown. To stage your home for sale, replace old light bulbs, clean your windows, open the blinds, and embrace the natural light.

4. Choose a scent

This one’s especially important if you have pets (or kids for that matter). If your home is carpeted, consider getting it replaced or deep cleaned before you list your house. You can sprinkle some baking soda to neutralize carpet odors as well. If you want to add a scented candle or oil diffuser to the mix, just make sure you choose something that’s not too overpowering.

5. Set the table

Don’t worry, there’s no cooking required for this home staging tip. You’re showing your home, not hosting a dinner party. However, setting the table is a welcoming touch that can make your house feel more like home—and help a potential buyer picture their own family living there. You can skip the cutlery, but a seasonal centerpiece on the dining room table is never a bad idea. 

6. Increase your curb appeal

When you’re selling your home, first impressions matter. That’s why curb appeal is important to consider when staging. At the very least, make sure your lawn is manicured and the exterior of your home is clean. If you’re selling during the holiday season, keep your outdoor decor neutral. Some warm-toned white string lights are always a winner. A flashing neon tableau of Santa gracing the nativity scene with his presence, on the other hand? Save it for next year.

7. Complete renovations

You don’t want to invest a large amount of money into a home just to sell it. Still, it’s important to finish up any ongoing projects before listing. Some common repairs include leaky faucets, damaged screens, and clogged drains. Anything that could deter a potential buyer from loving your home should be fixed. If you’re not sure which repairs to prioritize, check out our breakdown of what NOT to fix when selling your home.

Bonus home staging tips

Before you go, we’ve got a few more tips on how to stage your home for sale.

• Mount mirrors on your walls to amplify light and space
• Don’t shove everything in your closets, as buyers will likely be checking these spaces
• Give each room a purpose (that guest bedroom/home gym/office’s days are numbered)
• Incorporate house plants throughout

Your home can’t be everything to everyone, so don’t stress too much about incorporating every single piece of staging advice out there. Remember that these are just ideas, not requirements. The overall goal is simple: Help buyers see the potential in your home.

From interior decor to landscaping, the little details can make a big difference when staging your home for sale.

The post 7 Home Staging Tips to Nail Your Sale appeared first on Cardinal Financial.

7 Tips for Buying a House in Fall

• Understand your credit score
• Prepare for your down payment
• Get your paperwork in order
• Budget for renovations
• Hold off on the holiday shopping
• Stay flexible
• Get a head start on tax season

1. Understand your credit score

These days, there are more loan options than ever that offer flexible credit requirements. A higher credit score typically means lower rates, though. So while a perfect score isn’t necessary, it’s important to understand what you can do to keep your credit healthy and lower your homeownership costs.

The best way to get the full picture of your credit score is to pull a copy of your credit report from one of the three major reporting agencies (Equifax, Experian, or TransUnion). You can do this by visiting AnnualCreditReport.com. Each reporting agency calculates your score differently, and not all creditors report to all three bureaus. While they may vary slightly, they all consider factors like account age, payment history, balances, and number of accounts.

Pro Tip: Try these tips to get your credit where you want it.

2. Prepare for your down payment

Did you hear the one about putting 20% down? It’s a myth. Realistically, the average home buyer just doesn’t have 20% of their home’s purchase price readily available. Some loan types have down payment requirements as low as 3%. Some, like VA and USDA loans, require no down payment at all. Still, there’s no denying that putting down more upfront can help you qualify for better loan terms. As you get ready to buy a house in fall, crunch the numbers to determine how much down payment is realistic for you. Try to aim for at least 10% down if your credit score is below 580.

Pro Tip: Get the full explainer on down payments with our free guide.

3. Get your paperwork in order

Buying a house in any season means paperwork. Most lenders will ask for documentation covering your income, taxes, and more when you apply for financing. Getting all that information together before starting the application process will save you a lot of time and stress. 

Plus, you can use that documentation to get pre-approved and make a stronger offer on your home.

4. Budget for renovations

In today’s market, you’re unlikely to find a home in your budget that meets all of your expectations perfectly. Renovations are almost a given for most people who buy a house in fall. And with colder weather already rolling in, you may not be able to delay home projects like HVAC repairs, new windows, or updated plumbing. So, if you plan to buy a house in the colder months, make sure your budget allows for renovations that need to be addressed immediately.

5. Hold off on the holiday shopping

Good news: You officially have an excuse to put off holiday shopping until the last minute. Why? Big purchases can impact your credit score and debt-to-income ratio (DTI).* Those numbers help determine your loan terms. So, if you apply for home financing and then make a big purchase before closing, your lender will likely need to update your application with your updated finances.

*DTI is the percentage of your gross monthly income spent on debt payments. Mortgage lenders add current debts to projected mortgage payments to help determine loan qualification and usually like to see the debt percentage below 40%. 

6. Stay flexible

Fall weather can be unpredictable. From showings to moving day, your plans may have to change on short notice. As with any home purchase, it’s important to stay flexible and keep your eye on the prize: A place to call home for the holidays.

7. Get a head start on tax season

One of the biggest perks of homeownership is the tax deductions* you may qualify for. To make sure you don’t miss out on any write-offs, get everything you’ll need in order as you’re finalizing your home purchase and moving in. With your mortgage fresh on your mind, you’re a lot less likely to miss important details or lose track of necessary documentation. Plus, if you have any questions about filing taxes as a homeowner, your real estate agent and lender might have tips.

*This material has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before making the decision to buy or refinance a home.

If you buy a house in fall, make sure you understand your credit score, budget for renovations, and avoid big holiday purchases until after closing.

The post Buying a House in Fall: 7 Tips to Keep it Simple appeared first on Cardinal Financial.

Is fall a good time to buy a house? Six reasons we say “yes”

• Fewer competing offers
• More motivated sellers
• More flexible mover availability
• Changing weather
• Potential tax breaks
• Save on home goods

1. Fewer competing offers

The warm months are the busiest time of year for buying a home. Especially in a seller’s market, this means you’ll be bidding against more offers. In the fall, you’ll have less competition. Plus, your real estate agent will likely have fewer obligations to other clients when summer is over. That means more time to devote to your home search.

Pro Tip: If you do find yourself in a bidding war, our bidding breakdown can help you win.

2. More motivated sellers

By fall, peak selling season is over. With fewer offers on the table, sellers are usually more motivated to accept yours to get the listing off the market before the holidays. This situation gives you an edge to negotiate a better price.

3. More flexible availability for movers and other involved parties

Post-summer is the slow season for moving companies, too, so you may be able to get settled into your new home with more flexibility and lower costs. Your lender will also likely have fewer loans on their plate in the fall. That means you may be able to get through the mortgage process and close on your home faster than you would in busier seasons.

4. Changing weather

Fall is also a good time to buy a house because the weather is less predictable. This gives you the opportunity to see potential homes in less-than-ideal conditions. Not only can this help you negotiate terms with the seller, but you’ll also have a clearer picture of what you can expect from the home year-round.

5. Potential tax breaks

While you can’t avoid paying taxes, becoming a homeowner can qualify you for more deductions.* Even if you close on your home as late as December 31, you could be able to deduct:

• Mortgage interest (applies to the interest paid on the first $750,000 of your home loan)
• Discount points (pre-paid interest on your mortgage)
• Property taxes (exact amount depends on where you live)

Depending on your unique circumstances, more deductions may also be available.

6. Save on home goods

If you’re like most people, you probably got rid of a lot of belongings before your move. Now, it’s time to replace them and make your new house a home. Fall can be a great time to buy a house because it’s followed by seasonal sales like Black Friday, Cyber Monday, and end-of-year warehouse clearances. Once you’re moved in, you can find decor, furniture, appliances, and more for lower prices than you might in the spring or summer. It’s no secret that buying a home can cost quite a bit upfront, so any opportunity to save can make a big difference in your finances as you head into the new year.

So, is fall a good time to buy a house?

There are a lot of reasons to buy a house in the fall, but there’s no such thing as perfect timing. A cold-weather home purchase typically means fewer available listings, the risk of weather hazards on move-in day, and less time to get settled before the holidays hit. And if you have kids, moving during the school year can be a difficult transition. The right time to buy a house is different for everyone, so don’t feel pressured to make it happen on anyone’s timeline but yours. Whenever you’re ready, we’re here to help.

*This material has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before making the decision to buy or refinance a home.

A fall home purchase means less competition, more motivated sellers, and potential deals on home goods for your new space.

The post 6 Reasons Why Fall Is a Good Time to Buy a House appeared first on Cardinal Financial.

What young home buyers want: 7 must-have home features

• Outdoor space
• Smart home features
• Home offices
• Stylish bathrooms
• Convenient storage
• Closed floor plans
• Eco-friendly design

1. Outdoor space

Raise your hand if you were living in an apartment during the 2020 Covid lockdowns. Anyone who experienced that knows having access to your own outdoor space is no longer something to risk going without. That doesn’t mean you need to spend thousands of dollars turning your backyard into a botanical garden, though. A fence around the yard for privacy or even a home location that offers easy access to local parks and trails is enough to fit what most young home buyers want.

2. Smart home features

Like it or not, technology is here to stay. Gen Z especially has grown up with technology as an essential part of life, so it’s only natural that their homes should reflect that. Some of the more popular smart home features for young buyers include thermostats, doorbells, and security systems.

3. Home offices

If there’s one thing Gen Z is going to do, it’s disrupt tradition—and the workplace is no exception. The old model of sitting in an office from 9 to 5 has lost its appeal for most young home buyers. With more and more Gen Z employees earning their income from home, a designated space to take care of business is a must if you’re selling to this generation.

4. Stylish bathrooms

Nobody wants to film a get-ready-with-me video in a boring bathroom. And on a more serious note, an outdated bathroom means a lot of money spent on renovations. While Gen Z actually tends to prefer more retro, classic home styles than the modern trends Millennials embraced, that doesn’t extend to the plumbing.

5. Storage space

Sorry, storage unit industry, but you’d be hard-pressed to find a young home buyer who considers remote storage a viable option. For one thing, why pay for storage that isn’t easily accessible? Your home is where your life is, so your stuff should be there, too. If there’s not enough storage space, Gen Z is likely to ditch belongings for the move. For a generation who typically makes more intentional purchases, that’s a big turn-off in a potential home.

6. Closed floor plans

Good news! There’s no need to knock down walls before you sell your home. Open floor plans had their moment, but what young home buyers want now are more traditional layouts. Whether it’s with friends, partners, or roommates, in the current housing market Gen Z isn’t likely to buy a home by themselves. With multiple occupants, the privacy and personalization that closed floor plans offer are a must.

7. Eco-friendly design

Gen Z cares deeply about the environment, so it’s no surprise that homes with eco-friendly features are a priority for them. While some factors (like your city’s recycling program) may be out of your control, there are still a few ways you can make your home greener—solar panels, LED lights, and water-conserving appliances to name a few.

The simplest way to make sure your home is energy efficient, though, is to keep up with repairs and maintenance. Proper insulation, clean HVAC systems, and correctly-fitted windows and doors all help minimize energy consumption and utility bills.

What young home buyers want: Bonus tips

Before you take this list of home features and run with it, it’s important to understand not just what Gen Z looks for in a home, but how they look for it. If you want to sell to Gen Z, you need to meet them where they are: Online. We’re not saying you have to become an influencer, but your home’s digital presence matters. Your listing should be verified on trusted sites, have high-quality photos, and provide enough detail that potential buyers don’t have to call you for more information. It’s also a good idea to work with a real estate agent who knows how to market your home on social media.

At the end of the day, don’t overthink what young home buyers want. They’re a different generation, not a different species. If you can provide a safe space to call home, you’re well on your way to a successful home sale with any buyer.

If you want to sell to Gen Z home buyers, you need to meet them where they are: Online.

The post What Young Home Buyers Want: 7 Must-Have Home Features appeared first on Cardinal Financial.