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Mistakes To Avoid When Organizing A Walk-in Closet

It is great to have a walk-in closet since it means you will have plenty of space for your things, but it also means that it is easy for things to become disorganized. If you wish to maximize the space and find a place for everything, make sure that you avoid the following mistakes.

DO make it a point to donate old clothes that you no longer wear. One of the most common reasons people cannot find the perfect place for all of their items is because many of them are not supposed to be there. What do you plan on doing with all of the clothes that you know you will no longer wear anymore? Donating them will free up space and it is more useful than holding on to them for dear life.

DON'T forget to use the corners. Most people think of the corners of the closet as wasted space, but you can do a lot with it. Consider buying a small shelf unit or install a few hanging racks in the corner. This will help you get the most out of a space that is usually wasted. If you need professional help, call a professional closet organizer.

DO buy some shelves for your shoes. Having errant shoes on every inch of your closet can make the entire area look like a war zone. Consider installing some shelves if you want to keep all of your shoes out of the way. This is especially helpful if you are one of those people who have a ton of shoes. Otherwise, a basic shoe rack may be all you need.

DON'T throw away all of your shoe boxes. Even if you don't plan to keep all of those boxes for shoes, they can be given a new purpose. For example, small accessories can find a wonderful home inside one of these boxes. You should label each box accordingly so you only have to move the one you want when something is needed. Otherwise, you may end up tearing everything out and making your closet a colossal mess.

The point of a walk-in closet is to have the perfect amount of space for all of your things. With that said, the roominess can sometimes lead to more items being crammed in there than it should be. If you want to create an uncluttered space for all of your things, make sure that you try one or more of these ideas. Closet Wizards can help with the design and installation of any closet organization system you could need.

The Truth About Real Estate

Myth: Paying rent is a waste of money. I should buy a home as soon as I can afford the monthly payments.

Truth: Renting for a season while you pay off your debt and save up a pile of cash will set you up to win big in real estate over time.

How often do you hear that homeownership is the American Dream? In 2009, as unemployment rose to 10%, the dream became a nightmare for nearly 3 million homeowners who got behind on their mortgages.

That’s because people who buy real estate while they’re in debt and without adequate savings are at a much higher risk of losing the property when they face financial difficulties such as illness or job loss.

Rent To Win

Most people miss the positives of renting. They feel like they’re throwing money away. The truth is, people who truly cannot afford a home should not buy real estate—even if rent is the same amount as a monthly mortgage payment. Renters avoid hidden costs for repairs and maintenance that add to a monthly mortgage payment. Another plus—renters can simply move if their circumstances change. Owners can be stuck with a property with no equity that takes too long to sell.

Real Estate The Right Way
Dave Ramsey, who’s shown more than one million families how to live debt-free and build wealth, recommends the “100% Down Plan” for buying real estate—pay cash for the whole house! If that seems too far out of reach for you, then at least hold off on your real estate purchase until you meet these three conditions:

You are debt-free and have an emergency fund of 3–6 months of expenses. You have saved at least a 10% down payment. A 20% down payment is preferable to avoid Private Mortgage Insurance (PMI) payments. If you’re married, you’ve been married at least one year. Don’t add the stress of a home purchase to a brand-new marriage, and never buy real estate with anyone you are not married to!

If you aren’t paying cash, get a fixed-rate mortgage for 15 years or less. Keep your payments low—no more than 25% of your take-home pay. Lenders will tell you that you qualify for more, but stay conservative.

No one wants renting to be a way of life for you. Buy real estate when you are financially ready. That way, your home will be a blessing rather than a curse.

It’s best to work with a real estate professional when you’re ready to buy or sell a home. Dave has built a network of real estate Endorsed Local Providers who can answer your questions and walk you through the entire process

Source of this article http://www.daveramsey.com/blog/the-truth-about-real-estate/