Aging in Place Home Repairs Are One of the Biggest Costs to Seniors — 4 Ways To Save

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Housing costs might be an unexpected source of financial stress in retirement. An analysis by T. Rowe Price found that even though healthcare expenses often top retirees’ cost concerns, housing costs are both the top spending category and the top source of spending volatility.

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Discover: The Simple, Effective Way To Fortify Your Retirement Mix

Within the housing expense category, home repairs and improvements could be a particularly tricky area to manage. It can be hard to know exactly when you’ll need

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4 ways Rümi home service is making life easier for Albertans

Let’s get real people! As much as we love owning a home, maintaining it can be a daunting task. From fixing leaky faucets to handling electrical repairs, there’s always something that needs attention. And with life happening, it’s not always possible to stay on top of everything. So, we thank heavens (and ATCO) for Rümi.

Given its growing popularity and the fact that it is powered by one of the most trusted Albertan brands, ATCO, Rümi hardly needs an intro. The home repair and maintenance services brand has, after all, revolutionized the way Albertans take care of their homes.

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5 ways winter weather can negatively affect your home including freezing pipes, roof leaks and more

Freezing temperatures and heavy snowfall can take a toll on your home. 

Winter weather, unfortunately, has the potential to lead to costly repairs.

The good news is there are steps you can take to winter-proof your home before the cold weather hits hard.

KEEPING PETS SAFE IN THE COLD: 5 CRUCIAL TIPS TO PROTECT YOUR FURRY FRIEND THIS WINTER 

Below are five common home repairs that homeowners typically get to before snowstorms. 

If you haven’t gotten to these just yet, here, also, are preventative measures to take to lessen the chance of a huge home repair bill this winter.

Cold

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The best ways to finance large home improvements or repairs

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Using your home equity can be a cost-effective way to finance large home improvements and repairs.

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Many homeowners consider upgrading or renovating their homes at some point in time. These projects can boost your home’s resale value, make your living space more enjoyable and improve your home’s overall functionality.

However, affording these projects can be challenging, as can paying for any large repairs that catch you by surprise. Whether you’re building an addition, replacing a roof or making your home more accessible in your senior years, you want to find the most affordable financing option to do so.

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Smart Ways To Use Your Home Equity For Remodeling

Your home equity represents the share of your home that you own outright — either paid for in cash or repaid on your mortgage. If the value of your ownership stake is substantial,  you could utilize that equity to fund repairs or upgrades to your home: Use your home’s worth to further enhance its worth. Nevertheless, it’s important to carefully evaluate the advantages and disadvantages before accessing your home equity for remodeling purposes.

Key takeaways

  • If you want to tap into your home equity for a home improvement project, it’s important to understand how home equity financing works.
  • Two popular
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