2 home-buying mistakes I’ve seen during the pandemic

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In 2008, the housing industry was spiraling out of control in the wake of the financial crisis that led to the Great Recession. For me, it doesn’t feel like very long ago that US housing prices were down 30% or more from their peaks, and more than 20% of homeowners were underwater on their mortgages. 

But what a difference a bull market makes! Fast-forward to 2019, and we know the housing market didn’t just rebound; it looked stronger than ever last year. Although some feared it would only take one triggering event to derail the market again, in 2020 we’ve seen that even a global pandemic that caused havoc elsewhere

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How to avoid common and costly home renovation mistakes

Many of us are spending more time at home in 2020, which could mean having more time to take on home improvement projects. But home renovations aren’t just a way to fill time; you want the results to be worth the hard work. The key to any successful project lies in careful planning — including financial strategizing — long before the power tools come out.

Roughly 3 in 5 American homeowners (61%) have taken on home improvement projects since March 1, 2020, spending $6,438, on average, according to an August 18-20 NerdWallet survey conducted online by The Harris Poll among 1,414 homeowners.

Whether you’re outfitting your home with a new office or classroom, or taking on long-intended improvements such as painting or installing new flooring, here are five tips to help you make sure you’re heading into the right project, the right way.

1. Consider return on investment

Any project

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