Beds on the Brain

Last week’s phone call got me thinking about replacing some of the beds in my beach home. I’d like to replace two twin mattresses with two full beds, so renters and guests will have a little more room to spread out. I measured the room on Monday morning and I’m pretty sure the larger beds … Read more

Owning a Beach Home: Preparing for the Unexpected

I’m not a big shopper. I tend to stay out of the stores whenever possible and rarely spend money on unnecessary items, but when I do shop I often find myself lured to certain departments. Take the home and bedding departments for example. Ever since I purchased my beach home I’ve been on the look … Read more

Replace versus Repair: How Do You Decide What to Do?

When we bought our beach house in North Carolina it was ready to move into. The contracted sale included not only typical conveyance items like kitchen equipment and appliances and window treatments but also everything else that was already in the house including dishes, pots and pans, wall hangings and furniture. Over the years we’ve … Read more

When a $300 Purchase Turns into $3500

This weekend I searched for a new dining set for my front porch. I ran the numbers, compared prices and consulted my budgeting software. I had a specific price in mind before I reached the store and walked in confident that I wouldn’t break the bank. If I bought a table and chairs similar to … Read more

The Cost of Owning a Vacation Rental Home

So you read yesterday‘s post and still think you want to own a vacation rental home. I Want To Buy a Vacation Rental Property Now you just need to figure out whether or not you can afford it. How much money does it take to own a second home and how much money will you … Read more

Decisions to Consider Before Buying a Vacation Rental Home

If you’re a regular reader you know my husband and I purchased a vacation, rental property in North Carolina a few years ago. While I’ve written a lot about various decisions we’ve made over the years I’ve never written in depth about how we bought our home or the financial aspects of owning it. In … Read more

Shopping Around for Title Insurance

Has anyone ever shopped around for title insurance? My husband and I decided to proceed with refinancing both of our properties, but I hate the thought of paying for two more title insurance policies. I believe the title insurance on our rental home can be reissued, but I think we will need to purchase a … Read more

Should We Refinance Our Mortgage?

My husband and I are considering refinancing our 15 year mortgage and I’m unbelievably torn over the decision. I’m searching for the best mortgage deals and think we can save at least half a percentage point. The change in interest rates, (from 5 to 4.5%), will decrease our monthly payment by roughly $375 a month. … Read more